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CurrencyTransfer review

Last updated: Mar 2, 2018

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

CurrencyTransfer was founded in London in 2014 as a reaction to all of the hidden fees often involved in international payments. On this online platform, you input the details of your desired transfer, and it will fetch quotes for you from several different suppliers. You then choose the best quote, and complete the task in a matter of minutes.

The platform creates a live marketplace in which foreign exchange companies compete for your business. Read our review below to find out if CurrencyTransfer is right for you.

GBP 5,000

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed

Details

Details

Product Name	CurrencyTransfer International Money Transfer
Min. Transfer Amount	GBP 5,000
Max. Transfer Amount	No limit
Transfer Methods	Online, Phone
Transfer Speed Minimum transfer time	1 day
Customer Service	Phone, Email
Available Currencies	AUD, BDT, CAD, CNY, EUR, GBP, HKD, ILS, INR, JMD, JPY, NZD, PHP, PLN, RUB, USD, ZAR

Go to Currencytransfer's site More info

Noi Rotstein

Noi Rotstein was a publishing innovation and data analysis manager at Finder. She crunched numbers, wrote pages and created striking visualisations.

Get to know CurrencyTransfer

What are the costs and exchange rates?
What types of transaction can CurrencyTransfer complete?

Which currencies can be exchanged on CurrencyTransfer?
How do I transfer money with CurrencyTransfer?

CurrencyTransfer Overview

CurrencyTransfer costs and exchange rates

CurrencyTransfer is completely free to use, and there are no transaction fees.

It doesn’t have its own set of exchange rates, rather, it provides the platform from which you can 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.

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

Pros

Superior for high-value transfers. For transfers of over £25,000, 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.

How does CurrencyTransfer compare to other providers?

Table: sorted by a combination of service offering and the amount your recipient will receive

I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
GBP 2,000	1 day	GBP 0.00	1.106	EUR 5,528	TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply) (Conditions apply)	Go to site	Compare	Show details	Details Minimum transfer amount GBP 2,000.00 Transfer methods Online, Phone Transfer options N/A Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
GBP 5,000	Same day	GBP 0.00	1.106	EUR 5,528	Universal Partners FX offers competitive exchange rates and same-day transfers for 100+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 5,000.00 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, ALL, AMD, ANG, AOA, ARS, AUD, BBD, BDT, BGN, BHD, BMD, BND, BOB, BRL, BSD, BWP, CAD, CDF, CHF, CLP, CNY, CRC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KRW, KWD, KYD, KZT, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SCR, SEK, SGD, SLL, SRD, STD, SZL, THB, TND, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, XAF, XCD, XOF, XPF, ZAR Go to site Read the full review
GBP 2,500	Same day	GBP 0.00	1.106	EUR 5,528	Central FX’s dedicated private client team will guide you through the money transfer process from first call to final payment.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 2,500.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat, Email, Branch Available currencies AED, ANG, AUD, BBD, BGN, BHD, BRL, BSD, BWP, CAD, CHF, CNY, CZK, DKK, EGP, EUR, FJD, GBP, GHS, GMD, HKD, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KWD, KYD, LKR, MAD, MUR, MWK, MXN, NGN, NOK, NZD, OMR, PHP, PKR, QAR, RON, RSD, RUB, SAR, SEK, SGD, SZL, THB, TND, TRY, UGX, USD, XCD, ZAR, ZMW Go to site Read the full review
GBP 1	Same day	GBP 0.00	1.111	EUR 5,554	Whatever amount you transfer, XE will not charge you a fee for using their service.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 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, Branch Available currencies AED, AMD, AUD, BAM, BBD, BDT, BGN, BHD, BND, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, 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
GBP 3,000	1 day	GBP 0.00	1.106	EUR 5,528	Get no fees as a Finder customer when you transfer your money overseas with Global Reach.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 3,000.00 Transfer methods Online, Phone Transfer options N/A Customer service Phone, Chat, Email Available currencies AED, AUD, BBD, BGN, BHD, BSD, BWP, CAD, CHF, CNY, CZK, DKK, EUR, GBP, GHS, HKD, HRK, HUF, ILS, INR, ISK, JOD, JPY, KES, KWD, KYD, LKR, MAD, MUR, MXN, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TRY, TTD, UGX, USD, XCD, ZAR Go to site Read the full review
GBP 5,000	1 day	GBP 0.00	1.111	EUR 5,553	Take advantage of fee lock-ins and live bookable rates, helping you save up to 85% in hidden bank fees.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 5,000.00 Transfer methods Online, Phone Transfer options N/A Customer service Phone, Email Available currencies AUD, BDT, CAD, CNY, EUR, GBP, HKD, ILS, INR, JMD, JPY, NZD, PHP, PLN, RUB, USD, ZAR Go to site Read the full review
GBP 1,000	Same day	GBP 0.00	1.106	EUR 5,528	Clear Capital specialises in sending 150+ currencies abroad for individuals and businesses, with a dedicated account manager to help you.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 1,000.00 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, Chat, Email, Branch Available currencies AED, ALL, AMD, ANG, AOA, ARS, AUD, BBD, BDT, BGN, BHD, BMD, BOB, BSD, BWP, BZD, CAD, CDF, CHF, CLP, CNY, CRC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KRW, KWD, KYD, KZT, LKR, LRD, LSL, MAD, MGA, MRO, MUR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SCR, SEK, SGD, SLL, SRD, STD, SZL, THB, TND, TTD, TWD, TZS, UAH, UGX, USD, UYU, VUV, XAF, XCD, XOF, ZAR, ZMW Go to site Read the full review
GBP 2,000	1 day	GBP 0.00	1.106	EUR 5,528	Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 2,000.00 Transfer methods Online, Phone Transfer options N/A Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
GBP 2,500	1 day	GBP 0.00	1.106	EUR 5,528	With 17 years of foreign exchange expertise, OFX know the money transfers business very well, offering facilities for one-off and recurring transfers.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 2,500.00 Transfer methods Online, Phone Transfer options N/A Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BHD, BND, CAD, CHF, CNY, 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, XOF, XPF, ZAR Go to site Read the full review
GBP 1,000	1 - 2 days	GBP 0.00	1.106	EUR 5,528	Better exchange rates for Finder customers. Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 1,000.00 Transfer methods Online, Phone Transfer options N/A Customer service Phone, Email Available currencies AED, AUD, BBD, BGN, BSD, BWP, BZD, CAD, CHF, CZK, DKK, EGP, ERN, EUR, FJD, GBP, HKD, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, LKR, MAD, MGA, MUR, MXN, MYR, NGN, NOK, NZD, OMR, PHP, PLN, QAR, RON, SAR, SEK, SGD, SRD, SZL, THB, TND, TRY, TTD, USD, XCD, ZAR Go to site Read the full review
GBP 1	1 - 2 days	GBP 1.99	1.102	EUR 5,509	Special offers like free transfers and better exchange rates available for new customers. Quick, affordable transfers around the world with both express and economy options.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 1.00 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, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, EUR, GBP, GHS, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, INR, JMD, KES, KMF, KRW, LKR, MAD, MXN, MYR, NGN, NIO, NPR, PEN, PHP, PKR, PLN, PYG, RON, RWF, THB, TND, TRY, TZS, UGX, USD, UYU, VND, XAF, XOF, ZAR Go to site Read the full review
GBP 5	2 days	EUR 3.00	1.111	EUR 5,556	Special offer: Zero fees on your first 10 transfers. Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 5.00 Transfer methods Online Transfer options N/A Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, NOK, NZD, PHP, PLN, SEK, SGD, THB, USD, ZAR Go to site Read the full review
GBP 10	Within an hour	GBP 2.00	1.111	EUR 5,552	First two transfers free for new customers. Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 10.00 Transfer methods Online, Phone, Agent, Cash Transfer Transfer options N/A Customer service Phone, Email, Branch Available currencies AED, ALL, AMD, AOA, ARS, AUD, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BOB, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, LAK, LBP, LKR, MAD, MDL, MGA, MNT, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SLL, SZL, THB, TJS, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, VEF, VND, VUV, WST, XAF, XOF, XPF, ZAR, ZMW, ZWD, BYN Go to site Read the full review
GBP 50	Same day	GBP 2.99	1.106	EUR 5,525	Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply. An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 50.00 Transfer methods Online Transfer options N/A Customer service Chat, Email Available currencies AED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CHF, 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, JPY, KES, KGS, KHR, KMF, KRW, KWD, KYD, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, 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, XCD, XOF, ZAR, ZMW, BYN 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 currencies can be exchanged on CurrencyTransfer?

CurrencyTransfer currently supports the following currencies:

Location	Currency Name	Code
Australia	Australian Dollar	AUD
United Kingdom	Pound Sterling	GBP
Canada	Canadian Dollar	CAD
Czech Republic	Czech Koruna	CZK
Denmark	Danish Krone	DKK
United Arab Emirates	UAE Dirham	AED
European Union	Euro	EUR
Hong Kong	Hong Kong Dollar	HKD
Hungary	Hungarian Forint	HUF
Israel	Israeli Shekel	ILS
Japan	Japanese Yen	JPY
New Zealand	New Zealand Dollar	NZD
Mexico	Mexican Peso	MXN
Norway	Norwegian Krone	NOK
Poland	Polish Złoty	PLN
Romania	Romanian Leu	RON
Singapore	Singaporean Dollar	SGD
South Africa	South African Rand	ZAR
Sweden	Swedish Krona	SEK
Switzerland	Swiss Franc	CHF
Thailand	Thai Baht	THB
Turkey	Turkish Lira	TRY
United States of America	US Dollar	USD

What transfer types can you carry out with CurrencyTransfer?

Spot contracts. Make a one-time transfer at the current exchange rate offered.
Forward contracts. If you need to make a payment at a future date, you can protect yourself from unfavourable changes in the exchange rate by entering into a forward contract. You and Halo Financial will agree to make the transfer at a specified date, at a predetermined price.
Regular payments. Making regular transfers abroad can get confusing, as the currency exchange rates fluctuate constantly. Halo Financial can arrange a series of fixed-price transfers to alleviate this worry.
Automated orders. This gives you a way of taking advantage of changes in the exchange rates, while still having regular payments taken care of for you. Provide Halo Financial with limits, and they will put the transfer through when the exchange rates meet your criteria.

Limit orders. At the time of writing (8 March 2017) CurrencyTransfer do not offer limit orders, but plan to do so in the future.

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 Currency Transfer, you can try out a demo of their platform and see a sample of quotes without signing up.

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