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CurrencyFair Money Transfers

CurrencyFair introduction

A CurrencyFair account can be set up within minutes and Which.co.uk Report stated that CurrencyFair is the "Best online provider for sending £10,000 GBP to Europe". With CurrencyFair you will get better exchange rates than using your local bank or Bureau de Change to make the currency transfer(s). Furthermore, international payments are exchanged fast and securely. In fact CurrencyFair is regulated by the Central Bank of Ireland and the Australian Securities and Investments Commission.

CurrencyFair charges 0.25% to 0.3% when the currencies are matched by customers (where customers match each other). If the demand for a currency does not meet the supply in the marketplace then CurrencyFair will supply currency for the currency exchange and the fees charged are then 0.4% to 0.6%.

Currency Exchange Rate Alerts

Set up daily or weekly alerts or request to be emailed when your target/desired exchange rate is reached. This is a FREE service with CurrencyFair.

CurrencyFair Exchange

CurrencyFair brings together buyers and sellers of currencies together resulting in the best exchange rates for your currency transfer. Simply select your own rate and wait for it to be matched with a customer exchanging the opposite currency. The CurrencyFair Exchange is particularly useful if you have some time to wait before making a currency transaction. You will be able to see the rate history at CurrencyFair to help you see when your desired exchange rate was last reached so you know how likely your target rate is to be matched by a customer wanting to exchange the opposite currency. There is also an Exchange Queue showing the amounts at each rate waiting to be exchanged.

It maybe that the full amount you wish to exchange is not matched by another customer and in these scenarios the full amount may be mathed in batches with people wanting to exchange smaller amounts. You can of course amend or cancel the matching process if, for example, the unmatched portion of your exchange has not been successful at any time before it is matched from the Transaction Overview section of the website.

CurrencyFair Business Money Transfers

Business money transfers from CurrencyFair help your business manage international cash flow. CurrencyFair is regulated by the Central Bank of Ireland with client funds securely held in segregated accounts in tier 1 international banks.

Reasons you may use CurrencyFair for business money transfers would be paying suppliers, employee salaries abroad and transferring payments from international customers/clients. Keep your international payments managed as your business grows internationally with CurrencyFair