That's an overly rosy comparison of money transfer fees. To make it a little more fair, it makes sense to compare against a competitive money transfer service rather than typical bank fees... For example transferwise offer transferring $1000 to Euro for $6.86 total fees, at the mid-market rate, including the depositing fee. Depending on the bank networks on either end the transfer can be instant. In a way transferwise operate like an exchange only it's FIAT-FIAT rather than FIAT-BTC-FIAT. To compare you would have to take into consideration the bid/ask spread of the exchange on each end of the transaction for BTC, in addition to all charges on both ends. The bid/ask spread varies wildly from exchange to exchange. I'd be impressed if it were to cost less.