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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Product NameCurrencyFair
Pay ByBank transfer
Receiving OptionsBank account
Customer ServicePhone, Email

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.
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Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
24 hours
From €3

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Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.

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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

24 hours

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.
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How does CurrencyFair compare to other providers?

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
1 - 4 of 4
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Dunbridge Financial
24 hours

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
24 hours
From $15

View details
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
XE Business Transfers
XE Business Transfers
Within minutes

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XE Money Transfer can help your business unlock international transfers. Forward contract and limit order options available.
24 hours

View details
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.

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Frequently asked questions

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  1. Default Gravatar
    January 2, 2016

    How do I get th free transaction? I’ve followed the link to the CurrencyFair website from , but they re still wanting to apply to transaction charge.

    • Default Gravatar
      January 4, 2016

      Hi Michael,

      Thanks for your question.

      Your account will be credited with €15 after your first transfer. We apologise for any inconvenience caused.


  2. Default Gravatar
    December 2, 2015

    i have a currency fair account, can i us it to transfer funds from my linked account in Australia to a friend bank account in the UK?

    • Default Gravatar
      December 3, 2015

      Hi Lisa,

      Thanks for your question.

      Yes this should be possible with your current CurrencyFair account.


  3. Default Gravatar
    November 3, 2015

    Can I send money from a Chinese bank in China to Ireland?

    • Default Gravatar
      November 4, 2015

      Hi Kevin,

      Thanks for your question.

      Unfortunately this isn’t possible with CurrencyFair.


  4. Default Gravatar
    August 28, 2015

    i want to know the currency exchange rate of south eastern asian moneys that add up to 90… what is the equivalent to US dollars?

    • Default Gravatar
      August 28, 2015

      Hi Sadira,
      thanks for the question.

      Unfortunately Currency Fair doesn’t offer the ability to send money from or to South East Asian countries at the present time. You might want to read more about which providers allow this in our South East Asian money transfer guide.

      I hope this helps,

  5. Default Gravatar
    August 23, 2015

    i want to send 11000 AUD to the USA. Do you hold AUD account in Australia for me to pay my funds to? It is very difficult to get the verification every time from my bank to send AUD out of Australia without allowing them to perform the conversion. They also charge me $35 as a ‘sending fee’. They did say that local transfers would be fee free though. i have a lot of smaller payment to make and $35 fee from my bank just to send money to you will add up over a year.

    • Default Gravatar
      August 25, 2015

      Hi John,

      Thanks for your enquiry. is an online comparison website so we’re not an international money transfer provider, but rather we provide general information about providers to help you choose a service that’s right for you.

      You might be interested to compare the rates and fees offered by a range of global money transfer providers on this page and here you can read our review about how to send funds from Australia to the United States.

      Generally, a specialised money transfer service will offer more competitive exchange rates than a bank.


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