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To help you select the best available exchange rates on the market, UK-based CurrencyTransfer operates an online marketplace that aggregates live foreign exchange rates from government-accredited money transfer specialists.
Since it also displays the mid-market rate — the rate at which providers trade among each other — you’ll know which provider offers the better rate.
GBP 1,000
Min. Transfer Amount
No limit
Max. Transfer Amount
1 - 2 days
Transfer Speed
Product Name | CurrencyTransfer |
---|---|
Min. Transfer Amount | GBP 1,000 |
Max. Transfer Amount | No limit |
Transfer Methods | Online, Bank Account to Bank Account |
Transfer Options | Regular payments, One off payments, Market orders, Forward contracts |
Transfer Speed Minimum transfer time | 1 - 2 days |
Customer Service | Phone, Chat |
Available Currencies | AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR |
Online Transfer Fee | $0 |
---|---|
Branch Transfer Fee | $0 |
Exchange Rate Updates | Real time |
Founded in 2014, CurrencyTransfer supports 23 currencies and offers transfers to 26 countries across Europe, North America, the Middle East, Asia and Oceania. Since they charge brokers directly, you won’t have to pay any fees for using the marketplace.
CurrencyTransfer also offers a best price guarantee that allows customers to get a refund of the price difference when they’re able to book at a provider offering better rates.
CurrencyTransfer aggregates exchange rates from its member brokers. It also allows you to compare exchange rates in real-time with the mid-market rate. This means you can choose the provider offering the rate closest to the mid-market rate, which is often the best option.
If you find a higher exchange rate after booking a transfer with CurrencyTransfer, send an email to guarantee@currencytransfer.com to get an on-the-spot refund of the difference.
CurrencyTransfer does not charge any fees for money transfer transactions. The company’s exchange rates are also higher than the rates offered by banks. So not only are transfers free, your beneficiary also gets more money when you use their services.
Although CurrencyTransfer does not specifically mention a minimum or maximum transfer amount, it recommends transfers of more than 5,000 GBP, more than $6,000 USD, to get the best deals.
CurrencyTransfer offers bank-to-bank money transfers to 26 countries worldwide.
CurrencyTransfer also offers the following services:
Calculate conversion rates and fees for sending money using CurrencyTransfer. Personal and business rates are the same. The main difference is higher maximum amounts for business transfers.
Follow these steps to send money through CurrencyTransfer:
When the broker gets your money, they’ll initiate the transfer to your recipient. To get started, visit CurrencyTransfer's website.
You can track your transfer transactions from the Trade History option on your personal dashboard.
Before choosing a rate from the providers offering quotes, compare them with the mid-market rate. Your lowest rate could be the one closest to the mid-market rate.
Only top Financial Conduct Authority-accredited institutions are allowed to offer services on the CurrencyTransfer marketplace. Data encryption is standard on the platform, and brokers are required to hold funds in segregated accounts that are distinct from those used in their operations.
CurrencyTransfer allows you to choose the best rate for your money transfer transactions from among its member brokers and it safeguards your money by limiting membership on the platform to brokers with established reputations
Find out more about your money transfer options by checking out our guide to international money transfer services