# Fasset vs the bank wire > What a $10,000 bank wire costs on our model, charge by charge, and how Fasset's published per-plan pricing compares at four transfer sizes. Canonical: https://fasset.com/business/compare/fasset-vs-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. - Open an account - See the demo 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. - **Your bank charges to send:** $45 (Outgoing international wire fee at a typical US bank) - **Correspondent banks take:** $30 (Each intermediary hop takes $15 to $30 on the way) - **The receiving bank takes:** $15 (Incoming wire fee before the money is yours) - **Hidden in the rate:** 2.5% (The FX markup inside the exchange rate, 2 to 4% at most banks) 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. - **Your counterparty needs a SWIFT record:** Some banks and auditors still require a wire's paper trail for their own compliance file. Fasset sends SWIFT for exactly this case, with the price shown before you confirm. - **You're sending a currency Fasset doesn't route yet:** Fasset supports USD, EUR and GBP receiving with local rails in supported markets. Outside that footprint, a wire is still the working option. ## 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. - **Business** ($29 a month): For teams scaling payments and payroll - **Enterprise** (Custom): For high volume and multi-entity operations ## 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. ## Open your account The application runs entirely online. Or walk through the product first, with sample data and no signup. - Open an account - See the demo Client funds are held separately from Fasset’s own.