Is your bank transparent?
We looked at a number of banks across different countries.
Choose your bank below to download the report.
Choose your bank below to download the report.
Banks are still hiding fees
In some countries, rules set out that banks need to be transparent about the fees they charge for international payments. But some rules are more vague than others and some regulators are not holding their banks accountable. That’s why - unfortunately - most banks are still hiding fees in exchange rate mark-ups.
Belgium
Estonia
France
Germany
Hungary
Ireland
Lithuania
Netherlands
Poland
Spain
United States
United Kingdom
How to spot hidden fees
Hidden exchange rate markup
Some banks present their exchange rate as the exchange rate. But they are in fact adding a markup, they just don't tell you about it.
Misleading upfront fees
Some banks say a transaction is free or there is just a low upfront fee. This tricks people into thinking that's the whole story, when most of the fees are hidden in an inflated exchange rate.
Methodology
Information on this website has been collected from each of the featured banks, by following their money transfer flows.
This is a one-off snapshot from the bank's payment journey at a specific point in time. These payments flows are subject to change.
The exchange rate markups may fluctuate.