A simple and competitive way to exchange currencies.
CurrencyFair is a peer-to-peer currency exchange service which offers a cheaper alternative to exchanging currencies at a bank or other similar service. CurrencyFair estimates that they can save consumers up to 90% on a currency exchange because of their unique peer-to-peer model, which sees your funds traded to other users without the high fees.
3 Free transfers after your first transfer
If you sign up using finder.com and make your first transfer, CurrencyFair will give you 3 free transfers.
|Product Name||CurrencyFair International Money Transfers|
|Min. Transfer Amount||EUR 3|
|Max. Transfer Amount||EUR 10,000,000|
|Transfer Options||One off payments|
Minimum transfer time
|1 - 2 days|
|Customer Service||Phone, Email|
|Available Currencies||AED, AUD, CAD, CHF, CLP, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, NOK, NZD, PLN, SEK, SGD, USD, ZAR|
|Online Transfer Fee||EUR 3|
|Exchange Rate Updates||Real time|
CurrencyFair’s exchange rates
CurrencyFair utilizes a system where your currency is traded to others who want it. In exchange for this transparent system, CurrencyFair adds a small fee and margin to each transfer. These added costs are usually much smaller than the charges of other banks and exchange brokers. CurrencyFair also gives you the option to send your money to their site and then wait for the exchange rate that you want.
What currencies are available?
CurrencyFair has a large range of currencies available for trade. These include:
Who can use CurrencyFair?
CurrencyFair is available for both business and personal use. CurrencyFair can be helpful to many people including:
- International students. Living and studying overseas is expensive without having to factor in poor currency exchange rates and high fees.
- Property owners. Owning an overseas property means you have to make payments regularly. CurrencyFair can save you money over the course of your mortgage repayments. Considering most home loans are paid out over 20 – 30 years, this can be a huge saving.
- Retired expat . If you are retired and living overseas, you can find affordable ways to convert your currency, saving more for your retirement funds.
- Overseas workers. If you work overseas and regularly send money back to your family, services like CurrencyFair can save you money on fees each time you send money back home.
How do I use CurrencyFair?
You must open an account with CurrencyFair to use the service. This is free and takes no more than five minutes. Once your account is open, you can exchange currencies.
The first step is to send your funds to the client account. Next, you convert your funds into your chosen currency and then you give CurrencyFair the account details to receive your funds.
CurrencyFair has short processing times. For example, when transferring Canadian dollars to euros, it will take one to two business days for CurrencyFair to receive your funds and another one to two business days to transfer the funds on. This type of transaction would come with a EUR3 fee. If you need to send money quickly, there is a priority transfer option which takes up to one business day and costs EUR8.
Real questions from our users