CurrencyFair international money transfers

Peer-to-peer transfers in 19 currencies, with better exchange rates and lower fees than the banks.

  • Good for competitive exchange rates and fees.
  • Not so great if you want to pay with cash or card. The percentage-based fee can add up on larger transfers.

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Min. Transfer Amount

CAD 10,000,000

Max. Transfer Amount

1 - 2 days

Transfer Speed


Product NameCurrencyFair International Money Transfers
Min. Transfer AmountCAD 5
Max. Transfer AmountCAD 10,000,000
Transfer MethodsOnline
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
1 - 2 days
Customer ServicePhone, Email
Exchange Rate UpdatesReal time
Online Transfer FeeEUR 3

CurrencyFair exchange rates and fees

CurrencyFair is a peer-to-peer currency exchange service. This means you’re able to set the exchange rate you want and then wait for it to be matched by someone looking to exchange currencies in the opposite direction. However, if there are no other customers available to match your rate, CurrencyFair will match with you instead.

There are two transfer fees you’ll need to be aware of:

  • A flat fee. This varies depending on the currency you send but is the equivalent of $4 CAD.
  • A fee calculated as a percentage of your transaction amount. If you’re matched with another customer directly, CurrencyFair charges a fee of 0.25-0.3% of your transaction amount. If CurrencyFair matches with you, this fee rises to 0.4-0.6% depending on the currency pair.

Calculate how much sending money overseas would cost with CurrencyFair by using our tool below. You can also check out the real-time exchange rate CurrencyFair offers and if there are any additional fees.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 5 1 - 2 days EUR 3.00 0.806 USD
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Check if there are any CurrencyFair promo codes available.

Available currencies

CurrencyFair allows you to send money overseas in 19 currencies, including:

  • AUD Australian dollar
  • CHF Swiss franc
  • GBP British pound
  • EUR Euro
  • INR Indian rupee
  • SGD Singapore dollar
  • USD US dollar
  • HKD Hong Kong dollar

You can check out the full list of supported currencies above.

What types of transfers can you make with CurrencyFair?

CurrencyFair only offers bank account transfers. If you want to send an instant cash transfer, you’ll need to consider other providers.

How long does a transfer with CurrencyFair take?

CurrencyFair transfer times depend on two factors:

  • Deposit time. The time it takes for the CAD you deposit to arrive in your CurrencyFair account is typically 1-2 business days.
  • Transaction time. This varies between currencies. The most common processing time is 1-2 business days, but some currencies (such as GBP and INR) can be sent within 0-1 business days.

Transfers typically takeClock icon for transfer speed

1 - 2 days

What payment methods does CurrencyFair accept?

You can deposit funds into your CurrencyFair account via two methods:

  • Online bank transfer
  • BPAY

Is CurrencyFair safe to use?

  • Regulation: Regulated in Australia by the the Australian Securities & Investments Commission (ASIC).
  • Established: 2009.
  • Security: Client funds held in segregated accounts with tier 1 international banks.
  • Reviews: TrustScore of 9.4/10* from 3,300+ reviews on Trustpilot.
*According to CurrencyFair and Trustpilot on June 9, 2019.

CurrencyFair Ltd. is based in Ireland and regulated by the Central Bank of Ireland. It’s an authorized representative of CurrencyFair Australia Pty Ltd, which is regulated by the Australian Securities & Investments Commission (ASIC) and is listed on AUSTRAC’s Remittance Sector Register.

As part of the regulatory process, the Irish Central Bank requires CurrencyFair to maintain a minimum level of assets at all times. The company also keeps client funds in segregated accounts with major financial institutions, and requires two-factor authentication for specific actions, such as sending a transfer. Finally, CurrencyFair claims that all customer information is stored in a secure facility which is safeguarded around the clock.

Residents of Canada can contact CurrencyFair directly to resolve disputes or to report fraudulent activity, but they should also contact the Financial Consumer Agency of Canada or the consumer affairs offices of the province or territory in which they reside.

How does CurrencyFair make money?

CurrencyFair makes money by charging two fees:

  • A flat fee that applies to all transfers.
  • A fee calculated as a small percentage of your transaction amount.

How to register an account

Before you can send a transfer, you’ll need to sign up for a CurrencyFair account by completing the following steps.

How do I make an international money transfer with CurrencyFair?

You can send a transfer by completing the following steps:

  1. Log in to your Internet banking account and deposit funds to your CurrencyFair account.
  2. Once the deposit has cleared, log in to your CurrencyFair account and click the “Exchange” menu.
  3. Enter the amount you wish to exchange and select the currency you want to acquire.
  4. Choose whether you want to accept the best exchange rate currently available, or set your desired rate and wait for it to be matched by other users. The former is the default and quickest option.
  5. Click “Exchange Now” to complete the currency exchange.
  6. You can then click on “Transfer Now”.
  7. Enter your recipient’s bank account details and specify the amount you want to transfer.
  8. Review the transfer fee and estimated arrival time.
  9. If you’re ready to finalize your transfer, click “Submit”.

What is CurrencyFair?

CurrencyFair is a peer-to-peer currency exchange marketplace that offers bank-beating exchange rates and fees. Founded in 2009, CurrencyFair is headquartered in Dublin, Ireland, but also has offices in the UK and Australia. Since its inception, the company has exchanged more than €8 billion worth of currency (over $13.5 billion CAD).

In a nutshell


  • Competitive exchange rates and fees. CurrencyFair claims that, on average, the cost of sending a transfer is around 0.45% of the transaction amount. This is much less than you would pay to send funds overseas using your bank.
  • Easy online transfer process. While the peer-to-peer exchange process might sound complicated at first, sending money online with CurrencyFair is simple and straightforward.
  • Mobile transfer app available. If you need to send money on the go, CurrencyFair offers a mobile transfer app for Android and Apple devices.


  • Only supports major currencies. While CurrencyFair does support a decent range of currencies, you’ll need to look elsewhere if you want to send money overseas in a rare currency.
  • Not ideal for larger transfers. If you’re sending a large transfer, for example $50,000 or more, the average 0.45% transfer fee can start to get quite expensive.
  • No credit card or cash payment. Credit card and cash payments are not accepted.

How does CurrencyFair compare to other providers?

Check out the table below to find out how the fees and transaction times of CurrencyFair compare to those offered by a range of other international money transfer services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 0.806 USD
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
CAD 10 Within an hour CAD 1.99 0.801 USD
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
CAD 1 1 - 2 days CAD 45.00 0.81 USD
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Want to compare CurrencyFair to other services side-by-side?

Frequently asked questions

Ask an expert

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    Default Gravatar
    August 1, 2016

    can I send money from Kenya to Norway and how do I go about it

      Default Gravatar
      August 1, 2016

      Hi Alic,

      Thanks for your inquiry.

      Unfortunately, sending money from Kenya to Norway through Currency Fair is not possible. But you can send through Western Union, Worldremit and Moneygram.


    Default Gravatar
    April 17, 2016

    Can i send from Singapore dollars in Singapore bank to Canadian dollars in Vancouver

      Default Gravatar
      April 19, 2016

      Hi Sunny,

      Thanks for your question.

      You can send money from Singapore to Canada with CurrencyFair, though you can only conduct this online and not through a Singaporean bank.

      When you open a CurrencyFair account you’ll be asked to deposit funds.

      If you conduct it through your bank it’s likely to be a bank international money transfer instead.

    Default Gravatar
    April 13, 2016

    Do both parties/people have to be members of Currency Fair to transfer money to each other?

      Default Gravatar
      Harry Page
      April 13, 2016

      Hi Mike,

      Thanks for your question.

      The sender must be a member of Currency Fair in order to transfer money to a third party. The recipient does not need to have a Currency Fair account. You may need to provide Currency Fair with information regarding the third party and why you are sending money to them.

      I hope this helps,


    Default Gravatar
    March 17, 2016

    Is it possible to transfer money from AED to INR (India) through Currency Fair?


      Default Gravatar
      March 17, 2016

      Hi Ajay,

      Thanks for your question.

      Unfortunately CurrencyFair can’t support that transfer. TorFX, Currency Solutions, World First or Compass Markets can help.

    Default Gravatar
    February 19, 2016

    how much in $aus to ensure 2511 NZ arrives in NZ bank a/c please

      Default Gravatar
      February 22, 2016

      Hi Mark,

      Thanks for your question.

      At the time of writing, AUD$ 250.10032 will need to be sent.

      Hope this helps.

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