Fasset vs the bank wire
A wire isn't a company you choose against, it's the default, and its cost is spread across parties who each charge separately. On our model, four charges on a $10,000 transfer add up to about $340, and it takes 1 to 3 business days to get there. On the Business plan, paying out the same $10,000 in local currency through Fasset is $120. Sends on USDT, a stablecoin designed to track the US dollar, settle in about 20 seconds.
Client funds are held separately from Fasset’s own.
What does a bank wire actually cost?
More than the fee on the receipt. A typical USD wire is charged four times before it lands, and it still takes 1 to 3 business days. Bank wire model compiled July 2026.
On our model, that adds up to about $340 on $10,000. The full anatomy of a wire, itemized.
The gap at four transfer sizes
On our model, a bank wire costs about $90 flat plus 2.5% of the amount. On the Business plan, a Fasset payout in local currency is 1.2% of the amount, with a $2 minimum.
| Amount sent | Bank wire cost, our model | Fasset, Business plan |
|---|---|---|
| $1,000 | $115 | $12 |
| $5,000 | $215 | $60 |
| $10,000 | $340 | $120 |
| $50,000 | $1,340 | $600 |
Bank wire modeled as $45 send + $30 correspondent + $15 receive + 2.5% hidden in the rate. Fasset shown at the Business plan price to pay out in local currency, 1.2% with a $2 minimum, which comes with a $29 monthly plan fee. Enterprise rates are on the pricing page. Fasset figures are launch pricing and may change. Bank wire model compiled July 2026. Run your own amount in the transfer fee calculator.
When a bank wire is still the better choice
Not every payment should move to a stablecoin rail, and we'd rather say when.
Two plans, both priced in full
Business for most teams, Enterprise when volume, entities or corridors outgrow it. Launch pricing, with every fee on the pricing page.
Common questions
What does a bank wire actually cost on $10,000?
On our model, a typical USD wire costs $45 in sending fees, $30 in correspondent bank fees, $15 in receiving fees, and about 2.5% hidden in the exchange rate. On $10,000 that totals about $340, and it takes 1 to 3 business days. On the Business plan, paying out the same $10,000 in local currency through Fasset is $120.
Why is a bank wire so expensive?
Because up to four separate parties charge you before the money lands: your bank to send it, one or more correspondent banks to route it, the receiving bank to accept it, and the exchange rate itself, marked up 2 to 4% at most banks. None of these fees are on the same receipt, which is exactly how they stay unexamined.
Is there ever a reason to still use a wire?
Yes. If your counterparty's bank requires a SWIFT record for its own compliance file, or you're sending a currency Fasset doesn't yet route, a wire remains the familiar path. Fasset sends SWIFT for exactly these cases, priced per plan on the pricing page.
Is Fasset a bank?
No. Fasset Business is a technology platform, not a bank. Banking, payment and card services are provided by licensed third-party institutions in each market, and client funds are held at those institutions, separately from Fasset's own money.
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Client funds are held separately from Fasset’s own.