CurrencyTransfer review April 2021 | finder HK
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CurrencyTransfer international money transfers

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

CurrencyTransfer is a live marketplace in which foreign exchange companies compete for your business. It aims to create a transparent experience with none of the hidden fees that can occur in international payments.

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, AFN, ALL, AMD, ARS, AUD, AZN, BDT, BGN, BHD, BIF, BMD, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CZK, DJF, DKK, DOP, DZD, ETB, EUR, FJD, GBP, GEL, GHS, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, LSL, MAD, MDL, MUR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SEK, SGD, SLL, THB, TND, TRY, TTD, TZS, UAH, UGX, USD, UYU, UZS, VND, WST, XAF, XCD, XOF, XPF, ZAR
Online Transfer Fee$0

What transfer types can you carry out with CurrencyTransfer?

  • Spot transfers. Make a one-time, quick transfer at the current exchange rate offered.
  • Forward contracts. You have the option to lock in today’s exchange rate for a transfer up to 12 months in advance. This can protect your from unfavourable changes in the exchange rate. While you will need to put down a deposit when you lock in the rate, you can pay the rest at a later date.
  • Market orders. By setting a market order, you can automate a currency purchase when your ‘target’ exchange rate hits.

Pros

  • Superior for high-value transfers. For transfers of over £5,000, CurrencyTransfer can find you extremely competitive rates.
  • No transaction fees. CurrencyTransfer doesn’t allow transaction fees within its marketplace. The costs come only from differing exchange rates.
  • Reliable. CurrencyTransfer will only supply exchange rates from suppliers authorised by the Financial Conduct Authority (FCA).

Cons

  • Only large transactions. CurrencyTransfer only has an edge for transfers of over £5,000.
  • No credit or debit card payments. CurrencyTransfer can only accept payments via bank transfer.

CurrencyTransfer exchange rates and cost

CurrencyTransfer is free to use and doesn’t have any transaction fees. It also doesn’t have its own set of exchange rates. Instead, you use it as a platform to compare multiple exchange rates for the same transfer.

The only costs to you will come from the difference between the exchange rate of the company with which you ultimately decide to complete your transaction, and the official (mid-market) exchange rate. That difference is what you pay for making the conversion.

While CurrencyTransfer doesn’t add a fee on top of the exchange rate, it makes its money by taking a small platform fee from its panel of contributing currency brokers.

CurrencyTransfer will clearly state the mid-market rate alongside the provided quotes, to ensure there are no hidden costs.

Minimum transfer amount and available countries

CurrencyTransfer allows you to transfer money into over 100+ different currencies, including the British pound, New Zealand dollar and the euro. As for the minimum transfer amount, CurrencyTransfer only accepts transfers over £5,000 or the foreign equivalent. This is roughly HKD$54,000 at time of writing (28 Feb 2021).

These are the major currencies available on the CurrencyTransfer platform, meaning you can transfer from or into any of these and more. But once you logged on to you account, you are able to view other currencies available to be received in that are not advertised on the website, such as CVE, DJF, AWG, BBD and more.

  • AUD
  • GBP
  • CAD
  • CZK
  • DKK
  • AED
  • EUR
  • HKD
  • HUF
  • ILS
  • JPY
  • NZD
  • MXN
  • NOK
  • PLN
  • RON
  • SGD
  • ZAR
  • SEK
  • CHF
  • THB
  • TRY
  • USD

The registration and transfer process

  • Sign up. You need to sign up for an account to start trading with CurrencyTransfer.
  • Request a quote. Enter the currencies you want to buy and sell, and how much.
  • Choose a quote. The best deal will be automatically selected for you, but you can view the others as well.
  • Book your transfer. Confirm the transaction, then transfer your funds as a normal bank transfer.
  • Delivery. The agreed amount is then sent to your recipient. You’ll be able to track the order in “Trade History” on the website.

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.

How does CurrencyTransfer compare to other providers?

Our table below shows you the exchange rate and fees of other money transfer specialists.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 10 1 - 2 days HKD 70.00 0.129 USD
635
以透明的匯率,低收費及低最低金額的網上服務作匯款。 Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 10 1 - 2 days HKD 25.00 0.128 USD
634
新客戶可享有首三個月無限次免手續費匯款。New customers get 3 months of unlimited free transfers.
可用15+種貨幣匯款,享有超越銀行的匯率以及快速轉賬時間。 CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
SGD 1 1 day HKD 21.00 0.129 USD
641
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
USD 50 1 day HKD 17.50 0.129 USD
642
快捷又簡單的國際匯款服務,大部分匯款收取固定的0.5%手續費。部分貨幣更不設保證金率。 InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
USD 1 Within an hour HKD 10.00 0.128 USD
640
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
USD 100 1 day HKD 15.00 0.127 USD
632
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用45種貨幣匯款。 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
GBP 5,000 1 - 2 days HKD 0.00 0.127 USD
634
可匯款至20+個國家,無手續費。 CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details
USD 2,000 1 day HKD 0.00 0.127 USD
634
TorFX保證提供最佳的匯率。需受條款約束。TorFX guarantees to match any competitor's exchange rate.
以30種貨幣匯款到全球。登記後,將會有一個客戶經理提供支持和引導。 TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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.

Frequently asked questions about CurrencyTransfer

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