The listings featured on this site are from companies from which this site receives compensation. This influences where, how and in what order such listings appear on this site.

CurrencyFair Review

Find a customized quote easily

Reviews 5,718

This site is a free online resource that strives to offer helpful content and comparison features to our visitors. We accept advertising compensation from companies that appear on the site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company listings on this page DO NOT imply endorsement. We do not feature all providers on the market. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.

BestMoney Staff
Bestmoney Staff
Jun. 18, 20214 min read

CurrencyFair summary

CurrencyFair was launched in Ireland in 2010 and offers an online cross-border payment and foreign exchange service that allows people and businesses to send money overseas at better exchange rates, with no hidden fees.

Pros

  • Significantly cheaper than banks
  • Quick and seamless money transfers
  • Excellent customer service available 24/7
  • Flat fee for all transfers

Cons

  • Not all minor currencies available
  • You need to register for an account

CurrencyFair is available in over 150 countries and 20+ currencies, providing people around the world access to fast, low-cost currency transfers. With €13.5 billion already exchanged between members, its customers have to date saved over €348 million in fees compared to using a typical bank. 

CurrencyFair Fees and Rates

Money transfer companies operate by charging an additional margin to the interbank exchange rate, transfer fees, or a combination of both. Typically, banks add a margin of between 3% and 6% on top of the interbank rate. CurrencyFair, on the other hand, charges an average margin of 0.45%. Its fee is always just €3 (or currency equivalent, for example, £2.50 or US/CAD/AUD$4.00), regardless of the amount you’re sending.

As of 5 April 2022, CurrencyFair offered to exchange £10,000 into €11,915.00 according to the live calculator on its website. This includes its €3 fee. According to CurrencyFair, this was €325.40 cheaper than a typical bank. Of course, fees differ from bank to bank, but based on our experience with banks this is close to the mark.

How Does It Work?

Sending money abroad is quite simple with a CurrencyFair account, but you do need to sign up for either a personal or business account first, depending on your needs. 

Here’s how it works:

  • Register for an account. You’ll be asked to provide an email address, password, and identifying details such as a passport or driving licence and a proof of address dated within the last three months. CurrencyFair will attempt to confirm your identity automatically but may get in touch with you if further information is needed. 

  • Select ‘Send Money’ or ‘Top Up’. You need to have funds in your CurrencyFair account to exchange and transfer them. Send Money allows you to set up a transfer from your bank into your CurrencyFair personal account and set up your recipient’s details. Once the money reaches your CurrencyFair account, it automatically exchanges and transfers it out at the best available rate to the nominated recipient without delay. Top Up allows you to transfer money into your account to use in its Marketplace, set up a recurring transaction such as paying a bill, or transfer out at a time of your choosing. Please note Top Up is not available for all currencies, for example Indian rupees (INR), and the Marketplace is currently not available to US customers. 

You can do all this from the dashboard of your CurrencyFair account on its web or mobile app. CurrencyFair will send you an email notification once it’s processed your exchange and transfer. You can also track your transfer status or review previous transactions on the CurrencyFair website or app.

How Long Does It Take?

As you need to have funds in your CurrencyFair account to exchange and transfer them, your first exchange will consist of two actions: first, you send the funds to CurrencyFair; next, CurrencyFair converts the funds and sends them to your chosen recipient.

Depending on your currency and bank, it can take anywhere from 0 - 5 business days for CurrencyFair to receive your funds. The processing times are estimates and may depend on your bank in some cases.

For example, according to the estimated transfer times available on its website, it takes 0 - 1 business days for it to receive British pounds sterling (GBP) and 1 - 2 days for it to receive Euro (EUR). At the slower end of the scale, it can take 4 - 5 days for it to receive a minor currency like Emirati dirham (AED). 

Keep in mind that CurrencyFair typically receives deposits between 9am and 5pm Monday to Friday, United Kingdom (UK) time. Therefore, if you send the funds after business hours on Monday, it could take until as late as Wednesday for the funds to be received.

Transferring money out is generally quicker than sending it in. It typically takes 0 - 1 business days for CurrencyFair to convert to GBP or EUR, send the funds, and for the funds to land in the receiving bank account. It takes a little longer to transfer out some minor currencies. For example, it can take 1 - 4 business days for the funds to leave CurrencyFair’s account and arrive in a Thai baht (THB) account. 

CurrencyFair Top Highlights

CurrencyFair offers a number of features to make things more convenient and help you get the best exchange rate.

  • Online calculator. CurrencyFair’s online calculator offers full transparency on the fees charged while comparing your savings vs a typical bank.

  • Mobile app. You can exchange and transfer your money on the CurrencyFair website or on the CurrencyFair app, available on both iOS and Android, at any time (except on weekends and bank holidays) and from anywhere.

  • The CurrencyFair Marketplace. Its Marketplace is a unique peer-to-peer exchange that gives you the chance to get a better rate for your currency exchange. You can set your own rate, and wait for it to be matched by another person who wants to buy at that price. This feature is currently not available to US customers.

  • Rate alerts. If you have time and don’t want to exchange at the current rate, you can set up daily or weekly alerts or request an email when a currency reaches your preferred rate.

  • Recurring transactions. If you live or work abroad and want to send money to the UK on a regular basis, you can set up recurring transactions. This also works if you live or work in the UK and wish to send money to your home country on a regular basis.

  • Multi-user access. Business accounts can assign access to team members and tailor each user’s roles and permissions, as well as authorize outgoing payments from multiple users. 

  • Xero integration. Reconcile payments within seconds or group similar transactions and match them in one go with CurrencyFair’s Xero integration.

  • Featured in: Financial Times, BBC News, CNBC, The New York Times, The Next Web, and the Economist. 

Customer Support

CurrencyFair is rated 4.6 out of 5 by 5000+ customers on Trustpilot, the leading independent review site. Customer feedback is overwhelmingly positive, with high ratings for both the level of service and low fees. CurrencyFair’s website includes a comprehensive support section with answers to the most frequently asked questions. Support staff are generally very quick to answer the phone, and are available from late Sunday nights through to Friday evening (British time). 

Privacy and Security

CurrencyFair is fully licensed and regulated by the Central Bank of Ireland. Customer funds are ring fenced and held in Tier 1 international banks, giving customers bank-level security and privacy but without outrageously high bank-level fees.

Bottom Line

CurrencyFair has two benefits over traditional banks: simplicity and affordability. Once you’re set up, exchanging money through CurrencyFair is quick and easy, and requires only a few minutes of your time. As for the cost, there is a gap between CurrencyFair and traditional banks that may have more fees. If you’re only transferring £100 or the equivalent in another currency, you’ll save a few quid. And if you’re transferring £10,000 or $100,000 – then your savings should run into the thousands.

BestMoney Staff
Written byBestmoney Staff

Our editorial staff consists of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the right provider for your needs.

CurrencyFair
CurrencyFair
ExcellentReviews 5,718
Visit Site

Trustpilot reviews

See what some costumers are saying about CurrencyFair
CurrencyFair
ExcellentReviews 5,718
on
Excellent
84%
Great
9%
Average
1%
Poor
1%
Bad
5%
  • author
    Linda Wood
    a day ago
    Very good fast efficient service.

    Very good fast efficient service.

    ...

  • author
    Syd W
    a day ago
    Terrible service - do not use CurrencyFair

    Like many other customers who have posted here, I am another victim of CurrencyFair's fraudulent practice of holding onto their customer's funds on the pretext of complying with AML requirements. I initiated 2 currency exchanges - one with CurrencyFair and one with TransferWise (now Wise) in order to compare their processes and exchange rates. Both transactions processed ok and both requested documentation of source of funds to comply with AML requirements - which is ok. The same document was provided to both companies showing the source of funds and the details of the transfer. Wise accepted the document and transferred funds to my account. CurrencyFair said they need last 3 months statements from my bank in addition to the document provided and will not release my funds to me. This is not acceptable. I am sure that CF will respond along the lines of "Please understand, that we are a fully regulated, and compliant, financial services company. This means that we, like all other financial services companies, are required to conduct ongoing and ad-hoc monitoring of transactions, which can result in requests for additional information" but this is not good enough. It is like saying that one drives at 30mph on the motorway because the speed limit is 70 mph. I have provided information they require to meet AML requirements and they are phishing for more information. (Maybe they sell the information obtained in bank statements?) I will be writing to the Irish financial regulator to pursue this case. In the meantime - Buyer Beware. Do not use this company. I will be using Wise in future.

    ...

  • author
    Jeff Stone
    2 days ago
    Good rates and quick transfer

    Very quick transfer of funds at competitive rate. As Currency Fair is relatively new in the US it would be good to see if they could allow the US to authorise ACH direct payments from their bank account. My bank would not allow me to do so with Currency Fair but I have been able to do this in past with another service. It takes a few more days to transfer funds into the account but you'd be able to avoid the US bank's high wire fees.

    ...

  • author
    Robert
    4 days ago
    No problems.

    No problems.

    ...

  • author
    Anna
    May 12, 2022
    Beznadzieja

    Wysłałam pieniądze na moje konto w CurrencyFair i już drugi dzień czekam na ich zaksięgowanie na koncie. Zależało mi na czasie i myślałam że jak wyślę pieniądze z mojego konta na to to będzie normalny czas księgowania. Czekam sfrustrowana bo chciałam te pieniądze pilnie wysłać mężowi! Gdybym wiedziała, że to tak będzie wyglądać nie skorzystałabym z usług tej firmy. Nigdy więcej!!!!

    ...

  • author
    J Cahill
    May 12, 2022
    When used to the app it works really…

    When used to the app it works really well and is good value. Customer service extremely helpful which is such a pleasant!

    ...

  • author
    kevin
    May 12, 2022
    "Exactly as the it says on the can"

    The CF team are absolutely briliant at delivering exactly as described. Quick, easy and very uncomplicated once you're setup. Great rates as well.

    ...

  • author
    Stuart White
    May 12, 2022
    I've only had positive experiences…

    I've only had positive experiences using CurrenyFair. Not had any issues, it's really simple to use if youi are already used to transfering money to and from overseas

    ...

  • author
    Philip Carter
    May 10, 2022
    Simple, reassuring and great value

    As an older person, I was dubious about transferring currency online, but the process from Currencyfair was an intuitive step-by-step process that I found both easy to follow and, with plenty of email confirmation at each step, very reassuring. I will be using this service again for my currency exchange transfers.

    ...

  • author
    Anton Kyolov
    May 10, 2022
    Easier to use

    Easier to use

    ...

  • author
    David Rodríguez Zurro
    May 10, 2022
    The Dark Side of CurrencyFair: NOT AS EASY AS IT SEEMS.

    They hold your funds as long as they want under silly excuses like Money Laundering checkings. They will require from you endless documents to release these funds, sometimes inexisting documents to withhold the funds on their benefit.

    ...

  • author
    Shahin Sheikh
    May 10, 2022
    Worst service ever

    Worst service ever, Tried to use the company as they offer an incentive they’ve held my money, £1700 for over 10 days, they never respond to emails and make false promises. Tried to raise a complaint which seems to be a non existent process within the company, terribly frustrating when people are expecting funds from you, complaints never get logged and the situation still hasn’t been addressed.

    ...

  • author
    Nick George
    May 10, 2022
    User-friendly

    User-friendly, efficient & quick

    ...

  • author
    Jacqui Morgan
    May 09, 2022
    CurrencyFair have a good verification…

    CurrencyFair have a good verification process which was all done online. Money transferred in the morning, was in bank account in a few hours. Very helpful customer support. Thank you

    ...

  • author
    Sattisfied customer
    May 07, 2022
    Satisfied customer

    Great! Very efficient and keep you updated every step of the way. Easy and quick process to register. Will definitely recommend

    ...

  • author
    Steve
    May 07, 2022
    Using currencyfair I have saved alot of…

    Using currencyfair I have saved alot of money compared to using a bank.

    ...

  • author
    Dolores Murray
    May 06, 2022
    Top Marks for Currency Fair

    Great Service at a good price. Would definitely recommend them for all FE transactions

    ...

  • author
    suzanne reed
    May 05, 2022
    Easy to use and saved me pounds

    I needed to transfer euros to pay for a villa rental. It was so easy to do and so much cheaper than through the Bank. I was notified of all my transactions right away which gave me peace of mind. It took any worries I might have had away. Would definately recommend this company as they answer questions right away and keep you informed

    ...

  • author
    Anette Broch
    May 05, 2022
    Quick and reliable with good exchange…

    Quick and reliable with good exchange rates and small transfer fees. I have been using currencyfair for about 8-9 transfering money from Australia to Denmark.

    ...

  • author
    Shesh
    May 05, 2022
    Great exchange rates

    Great exchange rates. Easy to use

    ...

  • author
    Lisa May
    May 05, 2022
    Cheap and easy

    Every year I send money over to my home country so I have funds there when I arrive for my visit. I love currencyfair!!!! Easy to deposit, exchange, and transfer. And the price per exchange is awesome!

    ...

  • author
    Alex da Costa
    May 05, 2022
    Works with no hassle and without hidden…

    Works with no hassle and without hidden fees

    ...

  • author
    James Cattanach
    May 05, 2022
    Quick & easy to use

    Quick & easy to use. Never any problems.

    ...

  • author
    Philippe
    May 06, 2022
    CurrencyUNfair and Scammers…

    In REPLY to CurrencyFair: you can of course decide to close my account, your decision even if it's not justified at all in my case. BUT "re-claiming" the money on my account is dishonest and nothing else than SCAM. --- INITAL REVIEW They closed my account recently without apparent reason and without any explanation. I asked them why I couldn't withdraw the balance and they basically replied that they KEEP IT: --- As you were informed in our email dated the 25th of March, your account has been closed. The funds remaining on your account were originally awarded from Currency Fair's Refer a Friend scheme. As also advised in our email, these funds have been reclaimed; you have no entitlement to these funds and therefore no remaining balance on your account.

    ...

  • author
    Alan De Beer
    May 04, 2022
    CurrencyFair is by far the best way to…

    CurrencyFair is by far the best way to send money overseas. It's fast and reliable. The cheapest by far.

    ...

  • author
    Derek Bromige
    May 03, 2022
    Superb Service

    Currency Fair is a great and competitive service. The speed od the service is exemplary

    ...

  • author
    Roy
    May 03, 2022
    Ease of use.

    CurrencyFair is relatively easy to use. The test of any service provider is the response time and action to queries and i have never been disappointed with the service. The exchange rates are similar but not better than Oanda. The speed of transfers to Australia & SA & from EU is excellent.

    ...

  • author
    Lynn
    May 03, 2022
    I wouldn’t go anywhere else

    Great rates, reliable, easy to use, professional customer service. I have been using CF for well over 10 years and have no reason to change.

    ...

  • author
    Ithaka28
    May 03, 2022
    Efficient and user friendly platform

    Efficient and user friendly platform. Excellent value for money.

    ...

  • author
    Consumer
    May 03, 2022
    For me transferring money to live…

    For me transferring money to live abroad, I find it clear, fast, an very reliable, and I’m in the loop every step of the way. All that I want

    ...

  • author
    Frank Brien
    May 02, 2022
    Currency Fair is an easy to use

    Currency Fair is an easy to use, consistent and user friendly way to transfer money overseas. I would thoroughly recommend them.

    ...

  • author
    Mr Thomas Redmond
    Apr 28, 2022
    Customer service was very helpful and…

    Customer service was very helpful and resolved same

    ...

  • author
    Barry Crawford
    Apr 28, 2022
    CurrencyFair so efficient and professional.

    CurrencyFair has a website that is so easy to use and understand. They are also very efficient in informing you of exactly at which stage of the transfer you are at. Plus their exchange rate is one of the best if not the best.

    ...

  • author
    customer
    Apr 28, 2022
    Easiest way to transfer money

    Easiest way to transfer money. Good rates and low fees. The process is also much quicker than most. Highly recommend using Currency Fair.

    ...

  • author
    Clifford Mullins
    Apr 28, 2022
    Cost saving and efficient

    Efficient and secure system of converting and transferring funds. It is very quick and cost saving when compared to using banks and other similar products.

    ...

  • author
    David Bhadreshwar
    Apr 28, 2022
    Does what it says on the tin

    Does what it says on the tin. Every time.

    ...

  • author
    Patricia Moakes
    Apr 27, 2022
    Disaster. do not use this company

    Do not use this company particularly if you reside in the UK. When the UK was in the EU the service they provided was very good but since they have transferred their business from UK to Eire and their banking to Frankfurt they are a complete disaster. I transferred £5000 from my UK banking account to my CurrencyFair account using all the particulars provided by them. The money has not been credited to my account and appears to have gone missing. My bank have put a trace on the funds and written to their bank to which they accepted receipt of the correspondence. The funds were transferred to them 3 weeks ago and yet despite all my efforts and numerous emails to their support team the funds are still missing. I needed the money for a planned holiday and have had to make alternative arrangements which has cost me money. The exchange rate has fallen during this time adding to my loss. Despite offering good exchange rates any dealings with them could ultimately end up costing you money. I have lost all confidence in this company and would advise that you not to use them.

    ...

  • author
    Sandra from Nerja
    Apr 26, 2022
    Experience

    CurrencyFair solves my problem of a quick and easy way to move money from UK to Spain as and when needed.

    ...

  • author
    Allan Rideout
    Apr 26, 2022
    The transfer was easy from my home bank…

    The transfer was easy from my home bank and was exchanged and sent very snell to my german bank

    ...

  • author
    Pamela Clifford
    Apr 26, 2022
    Fabulous to deal with

    Fabulous to deal with. Very low transfer fee, fast transfer, great rates much cheaper than banks. I have used Currency Fair for several years with no problems. Thoroughly recommended.

    ...

  • author
    Angela Billows
    Apr 26, 2022
    CurrencyFair is quick and efficient

    CurrencyFair is quick and efficient. I would highly recommend them. I've saved hundreds of pounds since using them to exchange money from sterling to euros every month, compared to using a bank.

    ...

  • author
    Giovanni Santini
    Apr 26, 2022
    The service worked very well but with some issues

    Although their verification process was tiresome and I didn’t understand exactly why some of my documents were rejected, the team worked to solve the issue and I finally got my money deposited . If it weren’t for some very strict , and unreasonable in my case , document policies , the service would have been flawless.

    ...

  • author
    A. Allen
    Apr 25, 2022
    Currencyfair

    Good service and value for money

    ...

  • author
    Christer Dahlqvist
    Apr 25, 2022
    DON"T USE THERE SERVICES !

    I would never recommend there services and i am deeply dissapointed by their customer service ! They require the same documents over and over again and i am providing them with invoices , bills , statemetns and everything that they ever requested from me and it's been now 5 days where i haven't even received a reply from them ! And on top of that i missed the payment date that was scheduled to me !

    ...

  • author
    Alfred Dutton
    Apr 25, 2022
    Average services

    + Competivive rates - Delays in making a payments

    ...

  • author
    Shradha Pisal
    Apr 25, 2022
    Best Exchange Rate. Must use

    The process was easy. The customer support was also very supportive. I got quick response for all my questions. Very happy with the exchange rate provided. I would recommend it 100%

    ...

  • author
    vitor Silva
    Apr 24, 2022
    Very easy to set up

    Very easy to set up

    ...

  • author
    Stoian Theodor
    Apr 24, 2022
    Simple

    Simple, affordable and transparent was my first experience with currency fair.probably the best option on the market currently, to transfer, exchange or send money from/to overseas.

    ...

  • author
    richard jones
    Apr 24, 2022
    Overall a easy process to move money…

    Overall a easy process to move money unto other accounts and exchange rate is the best I could find.

    ...

  • author
    Lexa
    Apr 22, 2022
    GOood

    GOood . it is awesome service for people ,

    ...

  • author
    Barth Redmond
    Apr 21, 2022
    Living up to its Name

    Living up to its Name Currencyfair is user - friendly. The rates are very fair. Great value for money when compared to the banks.

    ...

  • author
    Georgeta Mincinoiu
    Apr 21, 2022
    Easy, fast way to send money

    It is easy to use, low fees, highly recommended!

    ...

  • author
    M. MACINTYRE Colin Et Christine
    Apr 21, 2022
    Great exchange rates

    Great exchange rates, very rapid service, online app works well. Best currency exchange service I’ve used.

    ...

  • author
    John B.
    Apr 21, 2022
    Always reliable

    I've been using Currency Fair for several years. I'm only an occasional user, about 3-4 transfers per year, but they have never let me down. The service, once you take a little time to know how it will work for you, is efficient and consistent. I'll be using CF again in future.

    ...

  • author
    Imelad Allard
    Apr 21, 2022
    Great Service

    Extremely easy to use no issues, maybe if possible for continuous monthly use on an ongoing based a slightly higher exchange rate on the day Closer to the actual quoted market rate. But generally I would recommend CurrencyFair

    ...

  • author
    Nick Hofford
    Apr 21, 2022
    Simple to use and usually only take 1/2…

    Simple to use and usually only take 1/2 cent off true value of euro and similar when exchange for HUF which are the two I exchange regularly . Quick and reliable service

    ...

  • author
    John
    Apr 21, 2022
    Excellent value for money for transferring funds

    I use CurrencyFair on a monthly basis and find them excellent value for transferring money abroad. The Sterling amount will be exchanged to Euro and in my account the same day (holidays and weekends excluded) and all for a charge of only 3 Euro. I would highly recommend them to anyone who needs to transfer money abroad

    ...

  • author
    Maldwyn Jones
    Apr 20, 2022
    Excellent Company to deal with and are…

    Excellent Company to deal with and are true to there word.

    ...

  • author
    Susan Readman
    Apr 20, 2022
    Very efficient service

    Very efficient service, easy to use. Always a good experience. Money usually transfers within 24-48 hours. Have been using currencyFair for approximately 8 years never had any problems or concerns.

    ...

  • author
    Kathleen
    Apr 19, 2022
    Money always arrives normally quicker…

    Money always arrives normally quicker than is stated. Really pleased with the service.

    ...

  • author
    Peter Woodgate
    Apr 19, 2022
    The system is quick, simple, easy.

    The system is quick, simple and easy to use. Then, there are the savings compared to standard bank transfers!

    ...

  • author
    John
    Apr 19, 2022
    Others are available but…….

    …….An easy platform to use and highly recommended.

    ...

  • author
    John Clark
    Apr 19, 2022
    Super easy to use

    Super easy to use, great exchange range and fast transfers.

    ...

  • author
    Eduardo
    Apr 13, 2022
    Excelente

    Excelente, inmejorable relacion servicio-precio.

    ...

  • author
    Laura G.
    Apr 09, 2022
    Überweisung an betrügerisches Konto nötig?

    Ich wollte Geld an das US Konto meines Mannes überweisen der dort noch seine Studienkosten abbezahlt. Geht leider nicht ohne Zusatzservice wegen dem dortigen Konto. Sie hat mir also Currencyfair empfohlen. Im Sendeprozess sehe ich, dass ich auf ein mir unbekanntes Konto " DE51503104000437729500" überweisen soll. Dubios, also Backgroundcheck: Auf mehreren Portalen wird die IBAN als betrügerisch benannt. Bin froh dass ich nicht blind auf die scheinbar guten Bewertungen bei Trustpilot gegangen bin sondern auch hier erstmal geschaut und massenhaft miese Bewertungen gefunden habe.

    ...

  • author
    Jackie John
    Apr 09, 2022
    User friendly & easy to transfer money

    User friendly & easy to transfer money

    ...

  • author
    F Bettache
    Apr 06, 2022
    Real great experience throughout

    Real great experience throughout. From start to finish, my whole transaction went very smooth. security checks are rigorous, and quite rightly so. I am one satisfied customer and, I can shout out from roof tops that I had wonderful service.

    ...

  • author
    Christina Staunton
    Apr 06, 2022
    So easy to use and very efficient

    CurrencyFair is easy to use and the the price for the transaction was so cheap in comparison to using my own bank to transfer the money. Plus I was able to transfer my money into Currency Fair and wait for the rate I wanted. The process was so easily and efficient and I'd highly recommend Currency Fair!

    ...

  • author
    Toby
    Apr 05, 2022
    I was abused, cheated and my life was destroyed

    On 17-Jan-2022 I sent a payment to the US bank account to pay for the Xbox series X console. On 15-Feb-2022 that payment has been returned because I provided the wrong recipient account number. The Currency fair jumped on me with lots of questions and demands. Why it was returned Why did I send it in the first place Where did I get my money from Show my funding source I complied and provided documents and answers to all of that swiftly. The next day CurrencyFair tell me they are closing my account and my original payment is frozen. I asked them to send the money to my mother's bank account because I had to close my original bank account when I left the United Kingdom and provided my bank account statement of closure after I departed the United Kingdom. CurrencyFair asked me to provide my Mother's personal ID and her recent bank account statement that I provided that I thought is necessary for them to send my frozen funds out of my closed CurrencyFair account. Later CurrencyFair tell me they do not want to do that, they want me to contact my former bank that has been closed a long time ago (I provided them closure documents dating back), and request them to recall the long-ago made top-up payment to my CurrencyFair account. I explained to CurrencyFair that my original bank account was closed and provided a new written statement from my former bank representatives that proves it was closed. CurrencyFair rejected all of that and insisted that this is not their issue and that I have to work things out with this closed bank account or open a new bank account. CurrencyFair abused me, CurrencyFair forced me to submit my private financial information and my mother's financial and personal information in return for nothing. On April 3rd just for CurrencyFair, I opened a new bank account under my my name and on April 5th they sent the frozen money out. I checked how much they sent me and found I'm missing roughly 30 Euros. For two months my funds were locked out, for two months I have to suffer anxiety. Shame on you CurrenctyFair, you have no moral standards, you abused me and in the end, didn't even return all of my funds back.

    ...

  • author
    Barbara Reay
    Apr 04, 2022
    I have used CurrencyFair for several…

    I have used CurrencyFair for several years now. The app is easy to use, the process is always really quick and the charges are really low compared to banks and other transfer companies that I used to use in the past.

    ...

  • author
    Susan Snaith
    Apr 02, 2022
    Very happy with the app

    Very happy with the app. Thankfully, I received help via email regarding a query & this was timely. Positive first impression & experience. Definitely recommend.

    ...

  • author
    Chan YWL
    Apr 02, 2022
    Good rates

    Strict process in setting up so it takes a while. But once in place the exchange is easy and good rates.

    ...

  • author
    CJ
    Apr 02, 2022
    Simple and transparent

    Easy to use. Set up verification took about a week, which could be a little faster but I left enough time in anticipation it would. Worth the wait as the transaction part was very simple and the whole transfer process took 2 days from leaving Swiss bank to UK bank. Much better rate than traditional banking.

    ...

  • author
    Robert Bain
    Apr 01, 2022
    Wiring dollar funds to USA from UK…

    Use CurrencyFair to wire dollar funds to US broker from UK . It was easy to set up and to use.

    ...

  • author
    jim Clohessy
    Mar 31, 2022
    Good company to deal with

    Good company to deal with

    ...

  • author
    Gerard
    Mar 31, 2022
    highly recommended

    I have used currency fair over a number of years for amounts large and small - great rates, very quick and easy to use - would highly recommend

    ...

  • author
    N WR
    Mar 31, 2022
    I find the terminology confusing

    I find the terminology confusing, and have to experiment with some trial and error to eventually achieve what I want; but then I only use it once a month.

    ...

  • author
    George Kapetanakos
    Mar 31, 2022
    Excellent customer service and very…

    Excellent customer service and very competive rates. Need to transfer funds in to then lock in rate. Can improve here.

    ...

  • author
    Paco Sanchez
    Mar 31, 2022
    I use CurrencyFair to transfer some savings

    From the very beginning, I found CurrencyFair most efficient, very fast and very easy to use, as well as cheaper than bank transfers

    ...

  • author
    Markus Liechti
    Apr 06, 2022
    !!! ACHTUNG BETRÜGER !!!

    Ich benutze seit Jahren wise/transferwise für alle Überweisungen ins Ausland. Die letzte Überweisung in die USA funktionierte jedoch nicht, da wise nicht mit SWIFT arbeitet. Daher suchte ich eine Alternative. Ich fand currencyfair und mir wurde suggeriert, dass das problemlos möglich sei. Ich musste auch den SWIFT Code eingeben. Ich verliess mich darauf, dass die Überweisung klappt. Nun, es ging wieder nicht! Man sagte mir dass die Bankdaten des Empfängers falsch seien (nein, sie sind korrekt!)! In solchen Fällen erhalte ich von wise immer genau den Betrag in CHF zurück, den ich überwiesen habe. Currencyfair jedoch, wandelt den Betrag einfach in USD um und behält ihn auf "meinem" Konto bei denen. Wenn ich das Geld zurück will, muss ich es in CHF umwandeln (natürlich mit schlechtem Kurs) und verliere dabei aktuell CHF 80.- !!! DAS SACKT EINFACH CURRENCY-UNFAIR FÜR SICH EIN!!! Ich vermute, dass das deren eigentliches Geschäftsmodell ist! Die versteckten Kosten über solche dubiosen Währungsumrechnungen (die alle nicht nötig wären) sind horrend. Warum kann das wise transparent und ohne Kostenfolge für die Kunden machen und currencyfair nicht? Dieser dubiose Sauladen müsste currenncy-unfair heissen! Ich habe der Bank angerufen wohin ich 3500.- überwiesen habe, es ist eine Investment Bank in Zürich. Eine arrogante Deutsche Dame sagte mir, sie könne mir nicht helfen, da sie eine Investment Bank seien (Meryl Lynch, Zurich)! Dieselbe Drecksbank war ja auch 2007 in den Schlagzeilen. Das sind alles verdammte Diebe und Gauner! Currency-Unfair arbeitet auf sehr dubiose Weise mit solchen Briefkasten-Scheinbanken zusammen. Obschon man das Geld an ein Konto in der Schweiz überweist, ist es dann plötzlich weit weg im Ausland und KEIN MENSCH ist mehr zuständig und kann einem helfen!

    ...

  • author
    CT
    Mar 31, 2022
    Excellent easy to use

    Excellent easy to use - competitive rates

    ...

  • author
    Austin
    Mar 30, 2022
    Currency Fair Value & Ease of Use

    Currency Fair is the simplest, best value method of transferring money internationally.

    ...

  • author
    Tami
    Mar 29, 2022
    Vorsicht! Betrug pur!

    Leider bin ich auf diese betrügerische Firma/Website reingefallen. Ich habe 250 € = 269,33 USD auf ein maledivisches USD Konto überwiesen. Auf ein Konto auf welches ich schon in der Vergangenheit von meiner Bank aus überwiesen habe. Ich habe mich für currency fair entschieden, da es von meiner Bank aus ca 40 € Gebühren gekostet hätte und über currency fair nur 4 USD. Auch wurde gelockt mit einer Transferzeit von 1-3 Tagen. Nach 3 Wochen hin und her und suchen, schreiben und telefonieren wo das Geld denn gelandet sei, habe ich 191,33 USD zurück bekommen mit der Aussage die Kontonummer wäre nicht korrekt. Ich konnte anhand der vorherigen Überweisung beweisen, dass diese korrekt war und dennoch wurde von currency fair nicht drauf eingegangen, dies müsste ich mit der Empfängerbank klären. Mein "Vertrag" besteht aber mit currency fair und nicht mit der Empfängerbank. Das Restgeld kann man nicht selbst zurück auf sein Konto transferieren, sondern liegt bei currency fair in einem wallet. Hierzu muss man über E-mail klären, dass es zurück auf das Konto transferiert wird. Versprochen wurden mir nun 173 € von anfangs 250 € - ein Verlust von 77 € mit der Aussage das wären Bankgebühren der Empfängerbank. Ich bin bespannt wann und ob ich das Geld zurück erhalte. Gesendet wurde es von mir am 02.03.2022, heute ist der 29.03.2022. Drückt mir die Daumen, dass wenigstens dieses Geld zurück kommt. Und an ALLE - lasst die Finger davon - Gebühren und Transferzeit sind frei erfunden und nachher verliert Ihr mehr Zeit und Geld als über den normalen Bankweg.

    ...

  • author
    Brunella Scotto di Marrazzo
    Mar 29, 2022
    Fast and easy

    I change my U. K pension into Euros , to send to Italy where I live. Very fast and easy.

    ...

  • author
    Ben McIver
    Mar 29, 2022
    Trusted user since 2018

    Very useful product that has saved me stacks in FX fees. Clean UI. Highly recommended.

    ...

  • author
    Otto ikn
    Mar 29, 2022
    Very good financial service

    Very good financial service

    ...

  • author
    Mr Tim Porter
    Mar 29, 2022
    Easy to use

    Easy to use, very useful to me having two currencys to deal with.

    ...

  • author
    Jean Montgomery
    Mar 28, 2022
    So easy

    So easy. So quick. So controllable. Fantastic service. Highly recommend CurrencyFair

    ...

  • author
    Mr Alan Rickett
    Mar 28, 2022
    This is a very professional company you…

    This is a very professional company you feel safe and secure and all that they say they do great. Highly recommended.

    ...

  • author
    Morena
    Mar 25, 2022
    Erwarte Geld aus Tschechien

    Erwarte Geld aus Tschechien, kein großer Betrag nur 800 Euro. Das Geld ist seit über einer Woche überwiesen, habe alle Belege. Laut Senderbank soll es bereits am Montag auf meinem Konto angekommen sein, ich habe aber bis jetzt nichts erhalten. Und zurück gegeben wurde es bis jetzt auch nicht. Ich werde Currencyfair nicht mehr nutzen. Da ist jede Banküberweisung schneller als diese Firma. Der Support sagt nur, dass er die Daten an die Partnerbank weiter gegeben hat, bis jetzt keine Stellungnahme. Emails werden beantwortet aber nicht zufriedenstellend. Ich habe keine Ahnung wie lange ich noch auf das Geld warten muss, aber ich bin ziemlich sauer.

    ...

  • author
    JC Priestly
    Mar 23, 2022
    Horrible company

    Awful company, Completed a few transfers and now they want proof of income, which I do not have, and are holding my money against me. No one will talk to me over the phone about the issue

    ...

  • author
    Simone De Luca Cardillo
    Mar 22, 2022
    Ottimo!

    Ho aperto un conto da poco (qualche giorno). Non avendoli mai sentiti, all'inizio ero un po' scettico in merito all'affidabilità ma dopo un paio di transazioni mi sono rassicurato. Bonifici internazionali completati in tempo record (2/3 ore nel mio caso) ad un tasso di cambio davvero eccellente, ovviamente imparagonabile rispetto ad una "normale" banca. App per telefono e sito web senza troppi fronzoli ma funzionali e facilmente comprensibili. Ad oggi mi ritengo pienamente soddisfatto.

    ...

  • author
    Stefan Keil
    Mar 18, 2022
    First overseas money tranfer

    I used CurrencyFair for my first overseas money transfer and erverything worked fine. gladly again

    ...

  • author
    Mr Lloyd Chadwick
    Mar 17, 2022
    Fast, Secure, Inexpensive.

    Fast, friendly, secure and inexpensive. What more could one wish for?

    ...

  • author
    Stuart Bowman
    Mar 17, 2022
    Highly recommend using CurrencyFair

    Highly recommend using CurrencyFair. I’ve been using them for many years, and saved loads of money. Each transaction is swift and easy to do.

    ...

  • author
    Dean
    Mar 15, 2022
    great company. Great rates. Fast and efficient.

    Ive used Currency Fair several times over the last many years. Always found their service top notch.

    ...

  • author
    Labarinto
    Mar 15, 2022
    Very reliable and excellent service

    Very reliable, consistent and competitive currency exchange, for regular and one-off transactions for me using sterling, US dollars and Euro

    ...

  • author
    Tony Fitzsimons
    Mar 15, 2022
    I have used currency fair for the last…

    I have used currency fair for the last few years to bring my pension from Ireland to Australia. I have never had a problem with their service and would gladly recommend them to my friends.

    ...

  • author
    Richard Winfield
    Mar 15, 2022
    Easy to use

    Easy, safe and straightforward

    ...

  • author
    Maureen
    Mar 15, 2022
    Easy to use and very fast

    Easy to use and very fast

    ...

    BestMoney.com

    Copyright © 2009-2022 Natural Intelligence Ltd. All Rights Reserved.

    By using our content, products & services you agree to our Terms of Use and Privacy Policy.

    • About Us
    • Cookie Policy
    • Terms of Use
    • Partner with us
    • Privacy Policy
    • Contact

    Designed to help users make confident decisions online, this website contains information about a wide range of products and services. Certain details, including but not limited to prices and special offers, are provided to us directly from our partners and are dynamic and subject to change at any time without prior notice. Though based on meticulous research, the information we share does not constitute legal or professional advice or forecast, and should not be treated as such. Company listings on this site DO NOT imply endorsement. We are not a loan provider or a broker and we do not offer loans or mortgages directly to end users, but only allows users to match with lending partners and platforms that may extend a loan. All loan approval decisions and terms are determined by the loan providers at the time of your application with them. Any matching request submitted through our website does not constitute a loan application and you will have to submit a loan application to the respective lender before the lender provides you with an actual offer. We do not warrant that you will be approved for a loan, nor that you will be offered a loan with the same terms presented on our website.

    Insurance services offered through Natural Intelligence Technologies Inc.: Licenses

    Reproduction in whole or in part is strictly prohibited.