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On average, CurrencyFair only adds 0.53% to the mid-market currency exchange rate
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Currencyfair Frequently Asked Questions
What payment methods are available?
Depending on the currency and amount of the transaction, you can choose the option to remit funds to CurnetFair. All customers can bank transfer money to their CurencyFair account. To do this, you will need to remit money to your CurencyFair account by completing a bank transfer from your online banking account. Once they receive your money, they will send you an email confirming that your money has been received and allowing you to begin the exchange.
Do they have to pay any fees to send money to CurrencyFair?
CurrencyFair does not charge any fee to receive your money via bank transfer.
Please ensure that you inform your bank that you wish to send funds in the currency of your FrouneyFair account, i.e. by online bank transfer, telephone or branch transfer to CurencyFair, you must ensure that your bank will not exchange your funds. Please also note that depending on where you send the money, your transfer may incur bank charges. If any of the accounts you send are held in a non-local currency, such as a US dollar account held in the UK, you can expect the remitting bank and/or intermediary bank to charge a fee. Typically, these fees are in the $25 (or equivalent) range, but they can vary.
How long does it take for the money to reach the beneficiaries?
Once they transfer your funds through their banking network, it will take several business days to reach your beneficiaries, depending on the currency.
Can they get the transfer receipt?
Yes, of course. To get your roll-out receipt: Go to the Transaction Overview menu on your account, in the Action column, click the printer icon to view your roll-out receipt.