Finance Tools
Wire Transfer vs Online Transfer Calculator
Compare wire transfers vs online money transfer services to estimate total cost and choose the better option.
Wire Transfer vs Online Transfer
Compare total fees and recipient amount across a bank wire transfer vs an online money transfer service.
Wire transfer
Often includes bank fees and possible intermediary/receiving fees.
Intermediary bank fees, receiving bank fees, lifting fees, etc. (estimate).
Online transfer
Usually lower fees, but exchange rate markup can vary by provider.
If the provider has additional receiving fees or card processing fees.
Tip: If recipient amount is close, consider speed, reliability, tracking, and refund policy.
How it works
- We subtract each option's total fees from the send amount.
- We convert the net amount using the exchange rate for each option.
- We compare recipient amounts to recommend the better option.
FAQ
How to use this wire transfer vs online transfer calculator
- Enter the amount you want to send.
- Enter fees and exchange rates for both options (Wire vs Online).
- Optionally add intermediary/receiving fees for wire transfers.
- Click Calculate to compare total cost and recipient amount.
Example
If you send $1,000 and Wire charges $35 with a 0.88 rate, while Online charges $12 with a 0.90 rate:
- Send amount: $1,000
- Wire: fee $35, rate 0.88 → recipient receives €850. (after fee)
- Online: fee $12, rate 0.90 → recipient receives €889. (after fee)
- Online is better in this example because the recipient receives more.
More tools in Finance Tools
- How Much Will the Recipient Receive Calculator
Calculate how much the recipient will actually receive after transfer fees and exchange rate conversion.
- 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.
- International Money Transfer Exchange Rate Calculator
Estimate the effective exchange rate for international money transfers after including transfer fees and exchange rate markups.
- Xoom Exchange Rate Markup Calculator
Estimate Xoom exchange rate markup by comparing the rate you get vs the mid-market rate and calculating the hidden FX cost.