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CurrencyTransfer review

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For high-value money transfers, CurrencyTransfer can shop around for you.

CurrencyTransfer is a secure online platform dedicated to matching customers with the most competitive international payment quotes on the market. Built on the principles of transparency, access and customer choice, CurrencyTransfer aims to save clients around 85-90% in hidden foreign currency transfer fees compared to prominent banks in Canada. Aside from being independent and impartial, CurrencyTransfer sets itself apart from other comparison sites by offering live, bookable exchange rates. This means you can organize your transfer on the CurrencyTransfer website for a hassle-free process that cuts out the pesky middle-man.

GBP 5,000

Min. Transfer Amount

No limit

Max. Transfer Amount

1 - 2 days

Transfer Speed

Details

Product NameCurrencyTransfer International Money Transfers
Min. Transfer AmountGBP 5,000
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone, Bank Account to Bank Account, International Money Order
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 - 2 days
Customer ServicePhone, Email
Available CurrenciesAED, ARS, AUD, BGN, BHD, BRL, CAD, CHF, CNY, CZK, DKK, ERN, EUR, GBP, GHS, HKD, HNL, HRK, HUF, ILS, INR, JMD, JOD, JPY, KES, KWD, MAD, MUR, MXN, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TRY, TTD, UGX, USD, ZAR

Why choose CurrencyTransfer?

Based in London, England, CurrencyTransfer ensures that the minimum criteria for the money transfer companies it compares on its platform are those regulated to the highest level by the UK’s FCA (Financial Services Authority). Each currency broker needs to be able to stream live money transfer exchange rates onto the marketplace, which means operating a user-friendly online transfer booking platform.

CurrencyTransfer exchange rates and fees

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 5,000 1 - 2 days CAD 0.00 0.783 USD
7,826
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. 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.

What does it cost to compare transfers with CurrencyTransfer?

It is 100% free of charge to use CurrencyTransfer, with guaranteed savings on exchange rates. The online comparison site provides a platform to compare multiple international money transfer services and book live exchange rates. You will still need to pay a marginal markup on exchange rates for the transfer you book, but CurrencyTransfer will clearly state the mid-market rate alongside the provided quotes, to ensure that rates are transparent, and there are no hidden costs. While CurrencyTransfer does accept a small platform fee from the international money transfer services that it advertises for (because everyone has to turn a small profit), customers can feel safe knowing that CurrencyTransfer partners exclusively with reputable organizations that are guaranteed to save you money in comparison to the banks.

  • Exchange rates. CurrencyTransfer compares competitive exchange rates that are regularly updated in line with changes to mid-market rates.
  • Fees. All of the transactions carried out by CurrencyTransfer are 100% fee-free.

CurrencyTransfer does the math for you, comparing money transfer services side-by-side to make sure that you get the best deal, with all of the costs calculated and no hidden fees.

Are there minimum and maximum transfer amounts?

CurrencyTransfer doesn’t limit customers by charging a maximum transfer amount on international money transfers, which means that customers can transfer as much as they want, without needing to incur fees on multiple transfers. While CurrencyTransfer offers some of the best and most cost-effective solution in the market to individuals and businesses, it’s important to note that they typically can’t add too much value for customers who want to transfer under $9,000.

Which currencies can be exchanged on CurrencyTransfer?

CurrencyTransfer offers transfers in more than 25 + currencies through their online comparison platform. The following is an inclusive list of their supported currencies (as of 15 April 2018).

Currency NameCode
Australian dollar
AUD
British pound
GBP
Canadian dollar
CAD
Czech koruna
CZK
Danish krone
DKK
UAE dirham
AED
Euro
EUR
Hong Kong dollar
HKD
Hungarian forint
HUF
Israeli shekel
ILS
Japanese yen
JPY
New Zealand dollar
NZD
Mexican peso
MXN
Norwegian krone
NOK
Polish złoty
PLN
Romanian leu
RON
Singaporean dollar
SGD
South African rand
ZAR
Swedish krona
SEK
Swiss franc
CHF
Thai baht
THB
Turkish lira
TRY
US dollar
USD

What does the registration and transfer process look like?

CurrencyTransfer facilitates the process of transferring money overseas with a simple, user-friendly service that takes only a few minutes from start to finish. Follow the step-by-step process outlined below to start comparing money transfer services.

  1. Register for a free account. Sign up with CurrencyTransfer by entering some basic details, like birth date and address, into an online form.
  2. Verify Identity. Submit identity verification documents like licence and passport to begin comparing transfer services.
  3. Request a quote. Enter your desired currency type and amount, and click “Get quote” to compare your options.
  4. Book your transfer. Select the best offer and confirm your transfer to lock in exchange rates.
  5. Send in payment. Log into your online bank account and pay the winning supplier with a standard bank transfer.
  6. Track your transfer. Track and trace your transfer under “Trade History” in the online CurrencyTransfer platform.

Although you do need to create an account to transfer money with CurrencyTransfer, you can try out a demo of their platform and see a sample of quotes without signing up. All communication and customer support happens on the CurrencyTransfer website, through your personal dashboard, so you will never be redirected to another website.

What transfer types can you carry out with CurrencyTransfer?

CurrencyTransfer offers the following range of transfer options to help you save time and money when sending funds overseas:

  • Spot contracts. Make a one-time transfer at the current exchange rate on offer.
  • Forward contracts. Protect yourself from market fluctuations by booking an exchange rate for a transfer to be carried out at a later date.
  • Regular payments. Book a series of fixed-price transfers to ensure consistent rates on regular payments.
  • Market orders. Select an exchange rate in advance, and your transfer will be processed when the predetermined rate appears on the market.

Pros and Cons of CurrencyTransfer

Pros

  • Superior for high-value transfers. For transactions over $9,000, CurrencyTransfer can find you extremely competitive rates.
  • No transaction fees. CurrencyTransfer doesn’t allow transaction fees, which means the costs of service come only from differing exchange rates.
  • Reliable. CurrencyTransfer only supplies exchange rates from money transfer services authorized by the UK’s Financial Conduct Authority (FCA).

Cons

  • Only large transactions. CurrencyTransfer only has a competitive edge for transfers over $9,000.

Our review of CurrencyTransfer’s online seller product

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 0.782 USD
3,910
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
USD 150 1 day CAD 15.00 0.778 USD
3,879
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.
Go to site Show details
CAD 0 Within an hour CAD 3.99 0.783 USD
3,911
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
CAD 1 1 - 2 days CAD 45.00 0.786 USD
3,895
TransferWise 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.

Read our review of CurrencyTransfer for international money transfers

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