Traditional US banks like Chase and Bank of America typically add a 3–4% markup on top of the mid-market exchange rate and charge $35–$50 in wire fees. On a $1,000 transfer, this can cost your family over $70–$80 that never reaches them. Over a year of monthly transfers, that's nearly $1,000 silently taken by the bank.
Modern fintech services like Wise and Remitly use the real mid-market rate with transparent fees under 1%. Emerging stablecoin (USDC) solutions go even further — zero spread, near-instant, for pennies. The technology to send money affordably exists. Knowing your options is the first step to protecting your family's money.
⚠ This tool uses simulated exchange rates and mock fees for educational comparison. Actual rates vary by provider, amount, and destination. Always verify the live rate before sending. This is not financial advice.