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Wire Transfer Cost Calculator

Work out wire transfer cost instantly with clear inputs, formula shown and shareable results.

About Wire Transfer Cost Calculator

The visible fee is usually the smaller part of a wire transfer's cost; the exchange rate markup is larger and rarely disclosed. Adding the correspondent bank's deduction gives what the beneficiary actually receives.

Formula

Wire transfer cost

Cost = flat fee + amount × FX markup + correspondent fee

Worked example

With the default values below, Wire Transfer Cost Calculator returns Total Cost Of The Transfer of $11,450.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Amount Sentminimum 0
500,000
Bank Flat Feeminimum 0
1,500
Exchange Rate Markupaccepts 0–8 %
1.75 %
Correspondent Bank Feeminimum 0
1,200

Results

Total Cost Of The Transfer
$11,450.00
Cost Hidden In The Exchange Rate
$8,750.00
Amount The Beneficiary Receives
$488,550.00
Total Cost As Share Of The Amount
2.290%

Step by step

  1. 1Values used
  2. 2Wire transfer cost
  3. 3Total Cost Of The Transfer= 11,450.00
  4. 4Cost Hidden In The Exchange Rate= 8,750.00
  5. 5Amount The Beneficiary Receives= 488,550.00
  6. 6Total Cost As Share Of The Amount= 2.290

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax or compounding frequency into account.
  • Figures are rounded for display to 3 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Figures are estimates based on the inputs given. Bank charges, regulatory minima and market rates change and differ between institutions and jurisdictions. This is not financial advice — confirm with your bank or treasury policy.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Figures are estimates based on the inputs given. Bank charges, regulatory minima and market rates change and differ between institutions and jurisdictions. This is not financial advice — confirm with your bank or treasury policy.

Frequently Asked Questions

Why is the markup hidden?

Because it is embedded in the rate quoted rather than shown as a fee. Compare the rate against the interbank mid-rate to find it.

Who pays the correspondent fee?

It depends on the charge instruction — under a shared basis the beneficiary bears it, reducing the amount received.

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