Finance Tools

Money Transfer Mistake Cost Calculator

Estimate the cost of a money transfer mistake, including extra fees and exchange rate loss when you must cancel, reverse, or resend.

Estimate how much a transfer mistake can cost you when you must cancel, reverse, or resend—based on extra fees and exchange rate changes.

Intended send amount

In sending currency (e.g., USD).

Original transfer fee

Fee paid for the original attempt.

Expected exchange rate

Reference rate you expected to receive.

Extra mistake fees

Cancellation, reversal, return, resend, correction fees (estimate).

Resend exchange rateUse a different rate when resending

If unchecked, we assume the resend uses the expected rate.

Estimated mistake cost

41.76

Mistake cost (as % of expected receive)

4.70%

Expected receive

889.20

Receive after mistake

847.44

Resend rate used

0.8800

Approx. loss from extra fees

22.00

Approx. loss from rate change

19.26

This is an estimate. Real outcomes vary by provider policy, refund timing, intermediary bank fees, and FX rate movement during the correction.

How it works

We estimate what the recipient would have received without the mistake.
We subtract mistake-related fees and apply the resend exchange rate (if different).
The difference is the estimated cost of the mistake (in recipient currency).

What counts as “mistake fees”?

Anything you pay because you made an error: cancel/reverse fees, return fees, resend fees, or correction fees.

Why can the exchange rate change matter?

If you resend later, you may get a worse rate. Even small rate moves can create meaningful FX loss.

If you intended to send $1,000, paid a $12 fee, expected 0.90, then had to pay $25 extra fees and resend at 0.88: