Remittance Fee Calculator
Compare real-world costs of sending money abroad, including the 1% excise tax.
| Provider | Total Fees | 1% Excise Tax | Total Cost | Estimated Speed |
|---|
*Calculations are simulations based on average market rates and provider fee structures for 2026.
Understanding Remittance Costs in 2026
Sending money to your home country involves more than just the flat fee. To find the true cost, you must consider three main factors:
1. The Exchange Rate Margin
Most providers (like Western Union or Remitly) add a markup to the mid-market exchange rate. This is a "hidden fee" that can often cost you more than the upfront transfer fee itself.
2. The 1% Excise Tax
Under new 2026 regulations, a 1% excise tax applies to certain outbound international transfers. This tool includes that calculation to give you a more accurate picture of your total out-of-pocket cost.
3. Delivery Speed vs. Cost
Generally, the faster you need the money to arrive (e.g., "Instant" or "Minutes"), the higher the fee. If you can wait 2-3 days, using a service like Wise often results in significant savings.