Recipient Gets Calculator

Calculate the exact final payout amount your recipient will receive in their local currency after all fees and conversions.

Recipient Receives
910.80
Amount Converted: 990.00
Education

Understanding the Math

Understanding how transfer providers compute this specific metric allows you to dissect their fee structures and uncover hidden costs.

The Formula:
Final Amount = (Send Amount - Total Fees) × Exchange Rate

Step-by-Step Guide

  • Identify your variables: Gather the precise fee numbers, exchange rates, and principal amounts from your provider's quote.
  • Input the figures: Enter these values into the calculator above. Be sure to use the correct formatting for percentages and exchange rates.
  • Analyze the output: The calculator instantly applies the formula to determine the exact metric. Use this output to compare multiple providers objectively.
Application

Practical Example: Calculating Recipient Payout

Suppose you transfer $800 AUD from Australia to the Philippines (PHP). The provider charges a flat $4.00 AUD transaction fee, leaving $796.00 AUD for currency conversion.

The mid-market rate is 36.80 PHP per AUD, but the provider applies a 1.20% FX markup, giving a customer exchange rate of 36.358 PHP per AUD.

Net AUD Converted = $800 - $4 = $796.00 AUD
Quoted FX Rate = 36.80 × (1 - 0.012) = 36.358 PHP
Final Payout = $796.00 × 36.358 = 28,940.97 PHP delivered to recipient

Knowing this exact payout lets you verify that mobile wallet payouts (such as GCash or Maya) or bank deposits match your transfer documentation down to the centavo.

Fee Breakdown

The 3 Components of International Transfer Cost

An international money transfer fee is rarely just the advertised upfront charge. The true cost is a combination of three distinct fee layers:

1. Upfront Fee Visible

The flat or percentage service charge displayed before confirming the transfer ($0 to $45).

2. FX Rate Spread Hidden

The margin added to the wholesale mid-market rate. Often represents 70%+ of total bank charges.

3. Intermediary SWIFT Deducted

Third-party routing banks deduct $15 to $30 from the principal during traditional wire transit.

True Cost = Upfront Fee + (Send Amount × FX Markup %) + SWIFT Fees Digital Specialists Save ~75%
Common Questions

Frequently Asked Questions

Why is the receiving amount the most important metric?
Because it cuts through confusing pricing structures. By comparing the exact payout amount across different providers for a specific send amount, you automatically account for both fees and exchange rate markups.
Are fees deducted before or after the exchange rate is applied?
In almost all cases, upfront fees are deducted from your base send amount in your local currency. The remaining balance is then converted at the offered exchange rate.
Can the final amount received change after I send it?
If you lock in a locked exchange rate, the amount should remain fixed. However, if using traditional bank wires, intermediary banks may deduct unpredictable fees in transit, reducing the final payout.
What happens if my provider charges no upfront fees?
If there are zero upfront fees, your entire send amount is converted. However, the provider will apply a margin to the exchange rate, so the recipient will still receive less than they would at the pure mid-market rate.
How do I ensure the recipient gets an exact specific amount?
To ensure a specific payout (e.g., paying a 1,000 EUR invoice), you need to work backward. Use our 'Send Amount Calculator' to figure out exactly how much you must deposit to yield the target foreign amount.
Why did my recipient get less than the calculator predicted?
This usually happens due to receiving fees charged by the recipient's bank, or intermediary SWIFT fees if the transfer was routed through a correspondent banking network.
Do weekend transfers affect the recipient's payout?
Providers often freeze rates over the weekend, sometimes applying a wider margin to protect against volatility. This wider margin means a slightly worse exchange rate, leading to a lower final payout.
Should I pay the fee separately or out of the transfer amount?
Most digital platforms automatically deduct the fee from the transfer amount. If you need a specific amount to land, you must add the fee on top of your intended principal.
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