Finance Tools
Money Transfer Service Comparison Calculator
Compare popular money transfer providers using fees and FX markup to estimate total cost and find the cheapest service for your amount.
Compare providers using explicit fees and hidden exchange-rate costs (FX markup). The cheapest provider is the one with the lowest total cost for your amount.
Total Cost = Fixed Fee + (Amount × % Fee) + (Amount × FX Markup)
Tip: Many “low-fee” transfers are expensive due to FX markup. Always compare total cost.
Tip: Many “low-fee” transfers are expensive due to FX markup. Always compare total cost.
Tip: Many “low-fee” transfers are expensive due to FX markup. Always compare total cost.
Tip: Many “low-fee” transfers are expensive due to FX markup. Always compare total cost.
Tip: Many “low-fee” transfers are expensive due to FX markup. Always compare total cost.
Cheapest Provider: Wise (Total Cost: $8.00)
Effective fee rate = Total Cost ÷ Amount
| Provider | Fixed | % Fee | FX | Total | Eff. Rate |
|---|---|---|---|---|---|
| Wise(cheapest) | $2.00 | $4.00 | $2.00 | $8.00 | 0.80% |
| Ria | $3.00 | $5.00 | $7.00 | $15.00 | 1.50% |
| MoneyGram | $4.00 | $6.00 | $8.00 | $18.00 | 1.80% |
| Xoom | $3.00 | $7.00 | $9.00 | $19.00 | 1.90% |
| Western Union | $5.00 | $8.00 | $10.00 | $23.00 | 2.30% |
How to use this money transfer service comparison calculator
- Enter the amount you want to send.
- For each provider, enter fixed fee, percentage fee, and FX markup.
- Review total cost and effective fee rate for each provider.
- See which provider is cheapest for your exact amount.
- Adjust values to match real quotes from each provider.
Example
Compare Wise vs Western Union vs MoneyGram for sending $1,000:
- Wise — $2 fixed, 0.4% fee, 0.2% FX markup → Total cost ≈ $8.00
- Western Union — $5 fixed, 0.8% fee, 1.0% FX markup → Total cost ≈ $23.00
- MoneyGram — $4 fixed, 0.6% fee, 0.8% FX markup → Total cost ≈ $18.00
- Cheapest provider: Wise
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