How Exchange Rates and Hidden Fees Eat Your Money (And How Towb Keeps Transparency)

International Transfers… Aren’t What They Seem

When you send money abroad, you expect nearly the full amount to reach the recipient. But the reality is very different.
At every step of the Transfer process, someone takes a slice of your money—whether openly or quietly.

Hidden Costs Drain Your Money Without You Noticing

1. Inflated Exchange Rates

Most banks and money transfer providers do not use the real mid-market rate you see on Google or financial news.
Instead, they add an invisible margin—sometimes up to 7.5% of the Transfer amount!
  Example: If you Transfer $50,000, even a 1% margin means you instantly lose $500 just because of the exchange rate difference.
   In 2023, US SMEs lost nearly $800 million due to Hidden fees when sending money abroad.

2. Fees Hiding Behind the Curtain

The costs don’t stop with poor exchange rates. Layers of additional fees get deducted without you noticing:
• Intermediary bank fees: Each bank the money passes through may take $10–$30 or more.
• Recipient bank fees: The recipient’s bank may charge fees just to receive the money.
• Disguised “service fees”: Framed as part of the service but are hidden extra costs in reality.

Why Does This Matter?

According to Wise’s 2024 reports:

 “In 2024, small businesses in the US lost a staggering $153 billion due to Hidden fees in financial transactions, according to a study with the Centre for Economics and Business Research (Cebr).”

Towb Changes the Rules

In a world filled with financial opacity, Towb provides a compass of clarity and honesty:

✅ Real, Honest Exchange Rates
Towb uses the true mid-market rate with no hidden margins.
What you see is what you get.

✅ No Hidden Fees. Ever.
Before you confirm a transfer, Towb shows you everything:
• The amount you’re sending
• Any applicable fees (if any)
• The exact amount the recipient will receive
No surprises. No fine print. No tricks.

✅ Efficient Transfer Routes at Lower Cost
Towb uses smart routing systems to minimize intermediary banks, reducing fees and the risk of deductions along the way.

The Bottom Line

International transfers don’t have to be complex or unfairly expensive.
With Towb, you don’t pay more than you should, and you always know where your money goes.

💡 Towb makes transparency the rule, not the exception.