What is CurrencyFair? CurrencyFair Review, Features

CurrencyFair sends money overseas at a better exchange rate with no hidden fees. Send money securely to over 150 countries, authorized as an Electronic Money Institution with a 10-year track record of providing first-class service for fast, low-cost money transfers.

About CurrencyFair

Launched in Ireland in 2010, CurrencyFair provides online cross-border payments and foreign exchange services to customers worldwide. Over the past 10 years, the company has served more than 150,000 customers. It currently offers 20 currencies in well-established international payment currency corridors. And the CurrencyFair brand continues to serve as a home for consumers and small businesses who want faster, cheaper foreign exchange.

CurrencyFai is boldly changing the future of financial services and empowering our customers by making innovative financial services available to everyone.

Products and Services

1. Fast and secure remittance

Sign up to start saving on international money transfers and currency conversions.

2. CurrencyFair Exchange

The only platform that lets you exchange in two ways:

• Instantly exchange currency at a better rate than your bank, or:
• Choose your own rate and wait for a match on our unique peer-to-peer marketplace where you can even beat the currency rates you see on Google.

Frequently asked questions

Q : Is my money safe?

A : CurrencyFair has obtained the necessary authorizations in every region where we operate, and customer funds are segregated and held in top international banks. CurrencyFair is fully regulated by the Australian Securities and Investments Commission in Australia and by the Central Bank of Ireland as a payment service provider in Europe. CurrencyFair is also fully regulated by the Monetary Authority of Singapore (MAS) in Singapore under the Currency Exchange and Remittance Business Act (Chapter 187) and is a licensed money service operator in Hong Kong. In the UK, CurrencyFair is registered with the Financial Conduct Authority (FCA) under the Temporary Permit Regime (TPR), registration number FRN522602. CurrencyFair (UK) Limited is applying for an electronic money institution license from the FCA.

Q : How to exchange currency at CurrencyFair?

A : Once you activate your account, you will be able to send and receive international payments and use more than 20 currencies. Our intuitive, user-friendly interface is optimized to make managing your multi-currency account a seamless experience.

CurrencyFair is the only platform that allows you to trade in two ways:

1. Instantly exchange currency at a better rate than your bank, or:
2. Choose your own rate and wait for a match on our unique peer-to-peer marketplace - you can even beat the currency rates you see on Google.

Q : How long does an international transfer take?

A : Many of our international transfers are completed within 24 hours. Deposits and transfers in GBP can be completed in under an hour using Faster Payments (through participating banks). As we have local bank accounts around the world, international transfers in many currency corridors on our platform are treated as domestic "local" transfers, saving you time and money. This depends on the currency corridor you choose.