FX Break Even AI Research

Where FX apps stop being cheaper than bank transfers

• FX apps usually win small transfers (low/zero fixed fees dominate); banks can win large transfers where a lower percentage spread outweighs higher fixed fees — the break-even depends on both.
• Required inputs: bank fixed fee (ILS), benchmark rate (1 unit = X ILS), app percentage fee, bank spread percentage.
• A break-even exists only if the bank spread % is below the app percentage fee; if the app is cheaper on both, it always wins.
• Outputs: break-even transfer amount (foreign currency units), fee difference (app minus bank), and both providers’ costs at that amount (ILS).
• The break-even turns the bank-vs-app choice into one check: is this transfer above or below my break-even amount?
• Most valuable for people transferring money regularly between their home country and Israel who want to optimize each transfer instead of defaulting to one provider.
• Bottom line: Every fee structure has a specific break-even amount — calculate it once and you always know whether a bank or an FX app is cheaper for your typical transfer size to or from Israel.

If you regularly move funds between your home country and Israel and want to identify the most cost-effective provider for your usual transfer amount, request a free cost comparison here.