$49 Billion is lost in remittance fees

In 2019, the world paid $49 billion in remittance fees. Much of it was hidden in inflated exchange rates.

We are asking business, government and civil society to pledge to end the lack of transparency that keeps remittance prices artificially high. We believe there should be nothing to hide.

  • Stop misleading consumers

  • Make hiding charges illegal

  • Show the true cost of international payments today

Together, we can achieve this.

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We demand an end to unfair fees in foreign currency transactions!

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Let's reach our goal 25,000

“Nearly all of my work payments are from overseas in Euros, and I hate to think how much money I have lost through unfavourable exchange rates and hidden charges.”

Rose O'Neill
Warrington

“Having made or received money transfers to and from family and friends in Sweden I have been directly affected by hidden fees. With my bank, not only is their exchange rate appalling but you also get charged an extra fee for each transaction that you make.”

Terence Christofferson
London

Our mission

We want to help achieve the United Nations Sustainable Development Goal to reduce the cost of remittances below 3% by 2030. We can help achieve this goal by making international payments transparent. Hidden fees keep prices artificially high.

What does this mean? 

Transparency means that banks and providers will show the real costs of sending or spending money abroad. 

How will we do this? 

We’ll be honest with our prices. And, we will inform and empower consumers to ask their politicians and policymakers to act to make sure everyone else is honest too

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