Check my receipt
Enter what you were charged and find out what the transfer really cost, including the exchange-rate markup that was not itemised.
Mid-market rate
Your result appears here
Fill in the amount, the fee and the exchange rate from your receipt. Nothing is sent anywhere, and nothing is saved unless you choose to keep a check on this device.
How the number is worked out
The fee on the receipt is usually the small part. The bigger part is the exchange rate. A provider quotes a rate slightly worse than the mid-market one and keeps the difference, and because it is a rate rather than a charge it never appears as a line on the receipt.
The whole formula
- Take the fee off the amount you sent. What is left is what actually got converted.
- Compare the rate you were given against the mid-market rate. The gap, applied to the converted amount, is the exchange-rate cost.
- Convert any pickup charge back into your currency at the mid-market rate.
- Add the three together. That is the total, and its share of what you sent.
The markup applies to the converted amount and not to the gross, because the fee is taken first and never reaches the exchange. Charging it the spread as well would count the same money twice.
Where the mid-market rate comes from
One of two sources, and the tool names the one that answered rather than crediting a fixed one. Frankfurter aggregates daily reference rates published by central banks. It needs no key and its code is open, so anyone can check what it returns. Where a live feed is configured, that one answers instead and updates through the day.
Either way the date the rate was published for is shown next to it. A reference rate is a market midpoint, not the rate at the moment a particular transfer was processed, and no provider was ever offering you exactly it.
For a currency it cannot price, the tool asks for the mid-market rate instead of substituting one, and labels every figure that follows as using the rate you entered.
What this does not tell you
It is arithmetic on your figures, not a quote. Nothing here is priced by a provider or checked against one. It takes the numbers you entered and works out what they add up to.
The mid-market rate is a daily reference. It is published once a day, and the rate at the moment your transfer was processed may have been different. On a volatile day it could be different by more than the markup you are trying to measure.
It does not know about offers. Promotional rates, first-transfer discounts, fee waivers above a certain amount and loyalty pricing are all invisible to it. A rate better than mid-market usually means you got one of these.
It does not capture taxes or agent-level variation. Some receiving countries tax inbound transfers. Some agents add a charge at the counter that is not on the paperwork. If it was not on your receipt, it is not in this calculation.
For some currencies the mid-market rate is whatever you typed. When the reference service cannot price a pair, the tool asks you for the rate. Everything downstream is then only as good as that number.
None of this is hedging. The tool is useful precisely because it is narrow: it measures the gap between what you were charged and a published reference, and it says nothing else.