Wise vs. OFX Cross-Border Wire Cost Tool

Transfer Setup

Amount & Currencies

Transfer amount

How much you are sending out of your source account.

Source currency

Currency your funds are in.

Target currency

Currency the recipient receives.

Mid-market rate (1 USD → EUR)

EUR

Interbank reference rate. Both providers' margins are applied on top of this.

Wise

FX margin (%)

Transfer fee (source)

Receive fee (target)

€

Any local payout/credit fee charged by the receiving bank in target currency.

OFX

FX margin (%)

Transfer fee (source)

Receive fee (target)

€

Any intermediary/local credit fee charged on the receiving side.

Effective rate = mid-rate × (1 − margin). FX cost = amount × margin (in source terms). Total cost = FX cost + transfer fee + receive fee (converted). Amount received = amount sent − total cost, in target currency.

Cost Comparison

Wise — amount received

—

OFX — amount received

—

Line item	Wise	OFX

Wise vs. OFX Cross-Border Wire Cost Tool

Transfer Setup

Cost Comparison

Detail