CurrencyTransfer international money transfers

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.

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Details

Product NameCurrencyTransfer
Pay ByBank transfer
Receiving OptionsBank account
Customer ServicePhone, Email
Available CurrenciesAED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR

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 20 different currencies, including the British pound, Australian dollar and the euro. As for the minimum transfer amount, CurrencyTransfer only accepts transfers over £5,000 or the foreign equivalent (approximately NZD$10,000).

These are the currencies currently available on the CurrencyTransfer platform, meaning you can transfer from or into any of these:

  • New Zealand dollar (NZD)
  • British pound (GBP)
  • Canadian dollar (CAD)
  • Czech koruna (CZK)
  • Danish krone (DKK)
  • Emirati dirham (AED)
  • Euro (EUR)
  • Hong Kong dollar (HKD)
  • Hungarian forint (HUF)
  • Israeli shekel (ILS)
  • Japanese yen (JPY)
  • Australian dollar (AUD)
  • Mexican peso (MXN)
  • Norwegian krone (NOK)
  • Polish zloty (PLN)
  • Romanian new leu (RON)
  • Singapore dollar (SGD)
  • South African rand (ZAR)
  • Swedish krona (SEK)
  • Swiss franc (SEK)
  • Thai baht (THB)
  • Turkish lira (TRY)
  • United States dollar (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.

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 you 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.

How does CurrencyTransfer compare to other providers?

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.
1 - 11 of 11
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
WorldFirst
24 hours
From $0

View details
Exclusive offer: Discounted exchange rates for all Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Send
24 hours
$0

View details
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
TorFX
24 hours
$0

View details
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
OFX
24 hours
From $15

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
XE
Within minutes
$0

View details
XE has fast transfers with low fees and a range of foreign currency tools.
Wise (TransferWise)
24 hours
From 0.35%

View details
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
Skrill
24 hours
$0

View details
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.
CurrencyFair
Within minutes
From $0

View details
Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Send
24 hours
$0

View details
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
TorFX
24 hours
$0

View details
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
XE Business Transfers
XE Business Transfers
Within minutes
$0

View details
Send money in more than 60 currencies. Fee-free large international money transfers with a global brand.
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Compare up to 4 providers

Frequently asked questions about CurrencyTransfer

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