International payments should be simple but for most businesses, hidden currency conversion fees turn every transfer into a guessing game.
Banks promise “competitive exchange rates,” yet behind those glossy words lie markups that can quietly drain thousands from your bottom line each year.
At Easykonto, we believe global payments should be as transparent as local ones. Let’s unpack how currency conversion really works and how we’re fixing it for modern businesses.
The Hidden Cost of “Bank Exchange Rates”
When banks advertise free or low-fee international transfers, they often don’t tell you the full story.
The real cost comes from what’s known as the FX markup — the percentage they add on top of the mid-market rate (the true rate you see on Google or Reuters).
For example: Converting €10,000 to USD at a true mid-market rate of 1 EUR = 1.10 USD should yield $11,000. If a bank applies 1.07 USD instead, that hidden 2.7% spread means you receive $10,700 — a $300 loss. Similarly, sending £25,000 to DKK at a true rate of 1 GBP = 8.60 DKK should produce 215,000 DKK. If the bank uses 8.35 DKK, that 2.9% spread leaves you with 208,750 DKK — a shortfall of 6,250 DKK. These small-looking gaps compound fast for importers, agencies, and holding companies operating across multiple currencies.
Why Banks Still Charge More
Traditional banks rely on old infrastructure and centralized intermediaries (like SWIFT and correspondent banks). Each step adds a fee, delay, or spread:
- Intermediary fees: Third-party banks take a cut on the way.
- Batch processing: Rates are locked hours before your transfer, not in real time.
- Manual handling: Human oversight adds operational costs.
In short, you’re not just paying for the currency exchange — you’re paying for a legacy system that’s decades old.
How Easykonto Fixes Currency Conversion
At Easykonto, we rebuilt the process from the ground up with technology that eliminates markups and delivers real-time FX rates.
Here’s what makes the difference:
1. Real-Time Exchange Rates
We connect directly to global liquidity providers, giving you live mid-market rates — the same ones you see on Google with no hidden markup.
2. Transparent Fee Structure
Every fee is shown upfront before you confirm a transfer. No surprises. No “bank spread.”
3. Multi-Currency IBANs
Hold and send money in over 30 currencies, including EUR, USD, GBP, and DKK — without automatic conversions every time you transact.
4. Built-In FX Dashboard
Monitor rate changes, view historical trends, and schedule conversions when the market works in your favor.
5. Bulk and Scheduled Payments
Convert and send payments to multiple suppliers or subsidiaries instantly — ideal for holding companies and global teams.
A Real-World Example
Let’s say a Danish digital agency pays $50,000 monthly to U.S. freelancers.
With a traditional bank, a 2.5% FX spread equals $1,250 lost each month, or $15,000 per year simply due to inflated exchange rates.
With Easykonto, those same transfers use live market rates and a flat transaction fee of less than 0.3%, saving thousands yearly while keeping all transfers compliant and instant.
Transparency That Builds Trust
At Easykonto, we know that transparency is the foundation of trust in fintech. That’s why every conversion shows:
- The exact rate source
- The timestamp of the transaction
- And the fee breakdown before you click “Send”
Our goal isn’t just to make global payments faster it’s to make them fair.
Global Payments, Simplified
Whether you’re an SME, startup, or holding company, Easykonto empowers you to operate globally without losing profit to invisible fees.
✅ Real-time FX
✅ 30+ currencies
✅ Transparent pricing
✅ Fast onboarding
✅ Secure compliance
Say goodbye to bank markups. Say hello to Easykonto — your gateway to fair, frictionless global banking.