$€£¥

Hidden Costs of Banking

How a manufacturer uncovered $17,760 in annual hidden fees — and saved up to 70% on FX

Download PDF All Case Studies→

Industry:Manufacturing

Client:Conveyor systems manufacturer

Region:United States

Hedge Ratio:100%

$17,760

Annual Bank Fees

Up to 70%

FX Rate Savings

~$9,000

Monthly Savings

100%

Hedge Ratio

Background

A conveyor systems manufacturer encountered Monex at a trade show and received an eBook that prompted them to explore alternatives to their banking arrangements for international payments.

Challenge

Hidden fees from their bank included wire transfer charges and cross-border payment costs accepted as standard
Limited visibility into actual FX margins being charged
Monthly bank online access fees of $1,480 going unquestioned
No benchmark to compare bank FX rates against the market

Strategy

Monex analyzed monthly bank statements to identify all FX and cross-border transaction fees
Uncovered significant hidden costs across multiple fee categories
Provided transparent, competitive FX pricing as a direct comparison
Implemented full hedging strategy at 100% hedge ratio

Outcomes

Monthly wire transfer fee savings of $1,300 with Monex
FX rate savings of up to 70% compared to their bank
Total monthly savings of approximately $9,000
Eliminated $17,760 in annual hidden bank fees

Download This Case Study

Get the full case study as a PDF for your records or to share with your team.

Download PDF

Currency Rate ImpactsPrevious All Case Studies Mexican Agricultural ImportsNext

Ready to Write Your Success Story?

Talk to our team about how Monex can help your business save on FX, reduce risk, and simplify payments.

Get a Free Consultation