CurrencyFair

Claimed

in Money Transfer Services from CurrencyFair

SuperMoney Net Recommendation Score +97

Strongly recommended

28 users recommend

1 user is unsure

0 users don't recommend

Browse Reviews: 28 Recommendations | 0 Complaints

Highlights
Community Rating	Strongly recommended
Minimum Transfer	$1.00
Transfer Speed (days)	2 days
Processing Fee Range ($)	Starting at $3
Processing Commission	0.35%
Number of Reviews	29

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 FAQ

What money transfer methods does CurrencyFair support?

CurrencyFair allows you to send money to the following destinations:

Bank accounts.
Personal transfers without the need of a bank account

How long does it take for the money to arrive with CurrencyFair?

Typically, money will take 2 days to arrive. However, this may vary depending on the amount, currency, and destination.

How much money can you send with CurrencyFair?

CurrencyFair does not have a minimum transfer amount.

There is no set maximum transfer amount. But you will need to check with CurrencyFair and provide additional information if you are making large transactions.

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.
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.

CurrencyFair Fees
Description
International Transfer Fee	Starting at 0.45%
Processing Fee Range ($)	Starting at $3
Foreign Currency Transaction Fee	0%
Processing Commission	0.35%

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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.