Last Updated: 07/03/2025
SuperMoney User Recommendation Score +85
Strongly recommended34 total votes
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Highlights
Community Rating
Strongly recommended
Minimum Transfer
$1
Transfer Speed (days)
2
Processing Fee Range ($)
Starting at $3
Processing Commission
Starting at 0.35%
Number of Reviews
CurrencyFair Review
CurrencyFair is a money transfer service company based in Surrey, UK, . It was founded in 2009 and offers money transfers to 153 countries.
CurrencyFair does not charge a fee to send money to Mexico. However, remember that money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. CurrencyFair does not charge a fee to send money to India. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. CurrencyFair does not charge a fee to send money to the Philippines. However, remember money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction. CurrencyFair does not charge a fee to send money to China. However, money transfer companies usually make money on the exchange rate so check the rate you receive to calculate the overall cost of the transaction.
CurrencyFair FAQ
What money transfer methods does CurrencyFair support?
CurrencyFair allows you to send money with the following receive options (options vary by receive country):
- Bank accounts.
How much money can you send with CurrencyFair?
Sending limits vary depending on factors such as how the sender is funding the transaction, how the recipient is receiving the money and the destination country or territory. Check the limits that apply to a particular transfer on CurrencyFair's website.What fees and commissions does CurrencyFair charge?
- CurrencyFair does not charge a flat processing fee. Instead the cost varies depending on the amount you transfer. CurrencyFair charges a processing fee that starts at $
- There is a processing commission of 0.35%. For example, on a $1,000 transfer you will pay around $3.5. This is just an estimate there may be other fees and commissions to consider.
- CurrencyFair does not charge a currency exchange fee. Instead, CurrencyFair makes a profit from the spread between the buy and sell price of the currency you purchase. Compare the exchange rates offered by money transfer services as well as fees when calculating the total cost of the transaction.
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| Foreign Currency Transaction Fee | Starting at 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Processing Fee Range ($) | Starting at 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Message from our editor
What We Love About CurrencyFair Money Transfer Services
CurrencyFair takes the expense out of wire transfer services and helps everyone find better money solutions. It’s disrupting the money transfer market by lowering fees, improving rates, and offering new alternatives. Plus, the company is doing it without making it only available to those with perfect credit. CurrencyFair services are available to anyone with a bank account, or even anyone who knows someone with a bank account.
What Could CurrencyFair Money Transfer Services Do Better?
The biggest drawback to this platform is that it can send money to the U.S., but it cannot receive business from U.S. residents. Thus, it’s only available to residents of other countries looking to send money to the United States. The platform has done impressive business for the UK market, Ireland, and Australia. It has done some business in the U.S. with non-residents, but opening the market to U.S. residents would certainly change the game for the better.
CurrencyFair Money Transfer Services Backstory
CurrencyFair was founded in 2009 when four business colleagues saw a better opportunity for P2P funding and money transfer solutions. By using the P2P concept, they created a system of currency exchange that allows them to offer lower fees since money often never leaves the country. CurrencyFair is licensed and regulated by the Central Bank of Ireland.
Although it is not yet available to all users in all countries, CurrencyFair has saved customers more than 200 million euros to date and continues to offer low fees and fast transfers for people who need an alternative to wire transfer services.
The Verdict
CurrencyFair offers a service that many people can use, and they do it in a way that’s revolutionizing the wire transfer industry. It’s definitely worth a look for those who need an alternative to traditional money transfer services. All you need is access to a bank account, after all.