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CurrencyTransfer review

Claire Horwood

Last updated: Aug 2, 2018

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

Details

Product Name	CurrencyTransfer International Money Transfers
Min. Transfer Amount	GBP 5,000
Max. Transfer Amount	No limit
Transfer Methods	Online, Phone, Bank Account to Bank Account, International Money Order
Transfer Options	Regular payments, One off payments, Market orders, Forward contracts
Transfer Speed Minimum transfer time	1 - 2 days
Customer Service	Phone, Email
Available Currencies	AED, 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

Go to CurrencyTransfer's site More info

Claire Horwood

Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, along with an Associate's Degree in Science from Camosun College. Much of Claire's coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. She has also worked extensively in the field of "Blended Finance" with the Canadian government. In her spare time, Claire loves rock climbing, travelling and drinking inordinate amounts of coffee.

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

I want to send

	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	Compare	Show details	Details Minimum transfer amount GBP 5,000.00 Transfer methods Online, Phone, Bank Account to Bank Account, International Money Order Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, 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 Go to site Read the full review

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 Name	Code
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.

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

I want to send

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	Compare	Show details	Details Minimum transfer amount CAD 1.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AMD, AUD, BAM, BBD, BDT, BGN, BHD, BND, BRL, BWP, CAD, CHF, CLP, COP, CRC, CVE, CZK, DJF, DKK, DOP, EUR, FJD, GBP, GEL, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, JMD, JOD, JPY, KES, KRW, KWD, KZT, LKR, LSL, MAD, MKD, MUR, MWK, MXN, MYR, NAD, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, VUV, WST, XCD, XPF, ZAR Go to site Read the full review
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	Compare	Show details	Details Minimum transfer amount USD 150.00 Transfer methods Online, Phone, Agent Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, ARS, AUD, AZN, BGN, BHD, BND, BRL, CAD, CHF, CLP, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XAF, XOF, XPF, ZAR Go to site Read the full review
CAD 10	Within an hour	N/A	N/A	N/A	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	Compare	Show details	Details Minimum transfer amount CAD 10.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Chat, Email Available currencies ARS, BDT, BGN, BOB, BRL, CAD, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, GHS, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, INR, JMD, KES, KMF, KRW, LKR, MAD, MXN, MYR, NIO, NPR, PEN, PHP, PKR, PLN, PYG, RON, RWF, THB, TND, TRY, TZS, UGX, UYU, VND, XAF, XOF, ZAR Go to site Read the full review
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	Compare	Show details	Details Minimum transfer amount CAD 0.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, LAK, LBP, LKR, LRD, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XOF, ZAR, ZMW, BYN Go to site Read the full review
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	Compare	Show details	Details Minimum transfer amount CAD 1.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, ERN, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
GBP 5,000	1 - 2 days	-	-		CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 5,000.00 Transfer methods Online, Phone, Bank Account to Bank Account, International Money Order Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, 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 Go to site Read the full review