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HomeMoney TransferRemittance Calculator — Compare Providers + FX Spread

Remittance Calculator — Compare Providers + FX Spread

Compare Wise, Remitly, Western Union, and bank wire on total cost (fees + FX spread). See what your recipient actually receives.

Auto-updated May 1, 2026 · Verified daily against IRS, Fed & Treasury sources

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Remittance Calculator — Compare Providers + FX Spread

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Your Results

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ℹ️Demo numbers — replace inputs to see yours
Best for US → Mexico
Wisepositivepositive trend

Recipient gets MX$8,489 MXN

Send amount$500
Mid-market rate1 USD = 17.2 MXN
You save with Wise vs Bank Wire (SWIFT)MX$691 ($40)

Provider comparison

ProviderFeeFX spreadRecipient getsTrue cost
WiseBest
Mid-market rate + transparent fee
$40.40%MX$8,489$6
Remitly (Economy)
Free transfer, ~1.8% in FX spread
$01.80%MX$8,445$9
Western Union (Online)
Higher spread, cash pickup network
$53.50%MX$8,216$23
Bank Wire (SWIFT)
Receiving bank may add $10-30 more
$352.50%MX$7,798$48
Educational only. Provider fees and FX spreads change frequently. These figures reflect typical sub-$1,000 transfers from the US, sourced from World Bank Remittance Prices Worldwide methodology and provider rate cards. Confirm the live quote on the provider site before sending. Not financial advice.

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The mid-market rate is the midpoint between the buy and sell prices on global currency markets — the "real" exchange rate banks use to trade with each other. Most consumer providers add a markup (FX spread) on top.

Many providers advertise "$0 fee" but bake their margin into the FX rate. A 3% spread on $500 is $15 hidden — more than a $5 transparent fee.

Provider fees and spreads change monthly. We refresh based on World Bank Remittance Prices Worldwide (RPW) data and provider rate cards. Always confirm on the provider site before sending.

SWIFT wires typically charge $30-50 on the sending side plus $10-30 on the receiving side, plus a 2-3% FX spread. For sub-$5,000 transfers, dedicated remittance services almost always win.

Recipient receives = (Send amount − Fee) × (Mid-market rate × (1 − Spread))

True cost = Fee + (Send amount × Spread) — this is what you actually pay, including the hidden FX markup.

Fees and spreads sourced from World Bank Remittance Prices Worldwide (RPW) Q4 2024 and provider published rate cards. Refreshed monthly. Confirm on provider site before sending.

Published byJere Salmisto· Founder, CalcFiReviewed byCalcFi EditorialEditorial standardsMethodologyLast updated May 2, 2026

Primary sources & authoritative references

Every formula on this page traces to a federal agency, central bank, or peer-reviewed institution. We cite the rule-makers, not secondhand blogs.

  • USA.gov — Money and consumer protection — U.S. General Services Administration (opens in new tab)

Found an error in a formula or source? Report it →

Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.