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Cost Comparison
See below an Example on how the TFI Pay Service works:
Comparison of Cost between TFI Pay and another Credit Institution.
TFI Pay
Vs.
Other Credit Institution
Exchange Commission
TFI Pay
0%
Other
0.50%
Handling Fees
TFI Pay
0%
Other
0.10%
Processing Fees
TFI Pay
€0
Other
€12
Same Day Charge
TFI Pay
0%
Other
0.05%
SWIFT Cost
TFI Pay
€0
1
Other
0.15%
Total Cost
TFI Pay
€0
Other
€12 + 0.08%
1
For Payments below €100,000 or equivalent, a Swift cost of €10 is added.
Part 1 of 3
Real Example
CLIENT sells EUR and buys 100,000 USD and wires USD Payment to Beneficiary on 22/10/2018
Published Foreign Exchange Rate
(Higher Rate is better)
TFI Pay
1.1452
Other Credit Institution
1.1385
USD Amount to be Converted
(Into Euro)
TFI Pay
$ 100,000
Other Credit Institution
$ 100,000
Result of FX Conversion in Euro
(Less Amount is better)
TFI Pay
€87,320.99
Other Credit Institution
€87,834.87
Part 2 of 3
Published Charges and Commission in Euro to Apply
Exchange Commission
(0.40% | max 400)
TFI Pay
€0
Other Credit Institution
€351.34
SWIFT Cost
(0.15% | max400)
TFI Pay
€0
Other Credit Institution
€131.75
Same Day charge | If sent same day
(0.05% | max 200)
TFI Pay
€0
Other Credit Institution
€43.92
Processing
(Fixed)
TFI Pay
€0
Other Credit Institution
€12.00
Total Charges in Euro
(Less Amount is better)
TFI Pay
€10
Other Credit Institution
€539.01
Part 3 of 3
Amount of Euro to be paid
(FX Plus Charges)
TFI Pay
€87,310.99
Total Savings from FX Conversion
€513.88
Total Savings from Charges and Commission
€529.01
Total Savings with TFI Markets in Euro
€1,062.89
Total Saving with TFI Markets in %
1.22%
Other Credit Institution
€88,373.88
Total Savings from FX Conversion
€0
Total Savings from Charges and Commission
€0
Total Savings with Other Credit Institution in Euro
€0
Total Saving Other Credit Institution in %
0%
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TFI Markets Ltd
We specialise in currency conversion, third party payments and the provision of risk mitigate solutions to corporate clients.
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