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Minimum Transfer Amount
Maximum Transfer Amount
No limit
Fastest Transfer Speed
24 hours
Receiving Options
Bank account

Our verdict

This unique international money transfer service lets you shop around for the best exchange rate on a single platform.

Forget about paying transfer fees with CurrencyTransfer as there aren't any, no matter what the transfer amount. You'll also have spot contracts, market orders and forward contracts to help you get the best rates.

But no fees means there'll be a markup to the exchange rates. And while there's no minimum or maximum limit to transfer, Currency Transfer accepts that it can't add much value to transfers under £5,000 or equivalent so you'll want to check the rates carefully for smaller transfers.

Only a limited number of currencies are supported, transfers can only be made during the week and there's no mobile app to use.


  • Good for sending large international money transfers with competitive exchange rates.


  • Look elsewhere if you need to send less than £5,000 GBP (around $8,000 CAD).

In this guide

  • Our verdict
  • Details
    • Product details
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Product details

Product Name CurrencyTransfer
Pay By Bank transfer
Receiving Options Bank account
Customer Service Phone, Email

Why choose CurrencyTransfer?

CurrencyTransfer is an online marketplace and money transfer platform that pairs personal and business customers with payment institutions offering competitive rates.

What sets CurrencyTransfer apart from the competition is the ability to compare foreign exchange quotes from multiple services on a single platform. Rates are shown alongside the true midmarket exchange rate, so you can clearly understand the value you’re getting.

Founded in 2014, UK-based CurrencyTranfer aims to “democratize international payments” by making it easy for customers to find the best deal for sending money abroad. Once you find the deal you want, you can initiate your transfer without leaving CurrencyTransfer’s app.

Pros and cons of CurrencyTransfer


  • Shop for competitive exchange rates. Compare rates from multiple providers to save on your next transfer.
  • Zero transfer fees. Although you will have to pay a markup on the midmarket exchange rate, you won’t be charged a transfer fee.
  • No maximum. There’s no limit to the amount you can send, so you can transfer as much as you want.
  • Regulated. CurrencyTransfer is registered with the Information Commissioner’s Office (ICO), a data protection organization in the UK. It only works with providers that are regulated by HMRC (Her Majesties Revenue and Customs) and the Financial Conduct Authority (FCA) in the UK.


  • Only for large transactions. CurrencyTransfer does not support transfers under £5,000 GBP (approx. $8,000 CAD).
  • No mobile app. As of the time of writing, CurrencyTransfer does not have an app on Google Play or the Apple App Store.

CurrencyTransfer exchange rates & fees

Name Product Offer Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
No items match the given criteria.

What does it cost to compare transfers with CurrencyTransfer?

CurrencyTransfer is free to use—there’s no fee for opening an account or comparing foreign exchange providers.

As with most international money transfer services, you’ll pay a small markup on the exchange rate for the transfer you book. CurrencyTransfer clearly states the midmarket rate alongside quotes from service providers, so you don’t have to worry about hidden costs.

  • Exchange rates. CurrencyTransfer provides live feeds of exchange rates from multiple payment institutions.
  • Fees. CurrencyTransfer does not charge any transfer fees.

CurrencyTransfer does the math for you, comparing money transfer services side-by-side to make sure that you get a good deal. Find out more about how to get the best exchange rate on your next international money transfer in this guide.

Are there minimum and maximum transfer amounts?

There is no maximum transfer limit when sending an international money transfer with CurrencyTransfer, so you can send as much as you want. In fact, the company states that it regularly handles transactions over £100,000 GBP, with the average transfer amount being around £20,000 GBP (approx. $32,000 CAD).

When signing up for an account, you’ll see a notice saying the company doesn’t do transfers under £5,000 GBP (approx. $8,000 CAD). If you want to send small international money transfers, check out other services like Remitly, Instarem, Wise or Xe.

Which currencies can be exchanged on CurrencyTransfer?

CurrencyTransfer supports receiving money in more than 25 + currencies including the following (current as of June 20, 2022):

Currency NameCode
Australian dollar
British pound
Bulgarian lev
Canadian dollar
Chinese renminbi
Czech koruna
Danish krone
UAE dirham
Hong Kong dollar
Hungarian forint
Israeli shekel
Japanese yen
Mauritian rupee
Mexican peso
New Zealand dollarNZD
Norwegian krone
Polish złoty
Qatari riyal
Romanian leu
Saudi riyal
Singaporean dollar
South African rand
Swedish krona
Swiss franc
Thai baht
Turkish lira
US dollar

What does the registration and transfer process look like?

CurrencyTransfer’s platform is user friendly and the process of sending money overseas is fairly quick, usually taking only a few minutes from start to finish. Here’s how it works:

  1. Create a free account. Enter your email address, create a password, choose a business or personal account and enter basic details like your name, phone number, country of residence, date of birth and transfer requirements.
  2. Verify your identity. Submit identity verification documents like a driver’s license or passport to begin comparing transfer services.
  3. Request a quote. Enter the currency you want to send and the transfer amount, then click Get quote to compare your options.
  4. Book your transfer. Select the best offer, and confirm your transfer to lock in the exchange rate.
  5. Submit payment. Log into your online bank account, and send your payment by bank transfer.
  6. Track your transfer. In your CurrencyTransfer account, you can track your transfer under Trade History.

CurrencyTransfer offers free demo accounts, which you can use to view sample quotes and get an idea of how the platform works without opening an account.

What transfer types can you carry out with CurrencyTransfer?

CurrencyTransfer supports a wide range of money transfer options including the following:

  • Spot contracts. Transfer money at the current exchange rate.
  • Forward contracts. Protect yourself from unfavourable currency fluctuations by booking transfers in advance at predetermined exchange rates.
  • Regular payments. Set up recurring fixed-price money transfers.
  • Market orders. Select an exchange rate in advance, and your transfer will be processed when the predetermined rate appears on the market.

How does CurrencyTransfer compare to other money transfer services?

With lots of options for transfers at, or over, £5,000 GBP (around $8,000 CAD) and the ability to compare rates offered by multiple forex providers, CurrencyTransfer is great for sending large money transfers. But if you want to explore alternatives to CurrencyTransfer, consider these popular international money transfer services.

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.
Name Product Offer Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Wise (TransferWise)
24 hours
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Xe Money Transfers
Within minutes
Xe has fast transfers with low fees and a range of foreign currency tools.
Within minutes
From $0
Use code HELLO to get $20 off on first two transfers on a min transfer of $250. Valid until November 30, 2023.
Instarem offers zero transfer fees on all transfers.
Within minutes
From $0
Send money in CAD to Africa on this blockchain and P2P powered provider.
Finder Award
Within minutes
From $0
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.
Finder Award
Within minutes
From $4.99
For a limited time, get $0 fees on your first money transfer from Canada. Conditions apply.
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Xe Money Transfers
Within minutes
Xe has fast transfers with low fees and a range of foreign currency tools.
Finder Award
24 hours
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 50+ currencies.

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