CurrencyFair international money transfers

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Peer-to-peer transfers in 19 currencies, with better exchange rates and lower fees than the banks.

  • Good for its competitive exchange rates and fees.
  • Not so great for credit card or cash transfers.

AUD 5

Min. Transfer Amount

AUD 10,000,000

Max. Transfer Amount

1 - 2 days

Transfer Speed

Details

Product NameCurrencyFair International Money Transfers
Min. Transfer AmountAUD 5
Max. Transfer AmountAUD 10,000,000
Transfer MethodsOnline
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
1 - 2 days
Customer ServicePhone, Email
Available CurrenciesAED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, NOK, NZD, PLN, SEK, SGD, USD, ZAR
Online Transfer FeeEUR 3
CurrencyFair CurrencyFair

Get 5 FREE transfers when you sign up through Finder

Sign up today and pay zero fees on your first five transfers. T&Cs apply.

Last verified

CurrencyFair exchange rates and fees

CurrencyFair is a peer-to-peer currency exchange service. This means you're able to set the exchange rate you want and then wait for it to be matched by someone looking to exchange currencies in the opposite direction. However, if there are no other customers available to match your rate, CurrencyFair will match with you instead.

There are two transfer fees you'll need to be aware of:

  • A flat fee. This varies depending on the currency you send but is the equivalent of €3.
  • A fee calculated as a percentage of your transaction amount. If you're matched with another customer directly, CurrencyFair charges a fee of 0.25-0.3% of your transaction amount. If CurrencyFair matches with you, this fee rises to 0.4-0.6% depending on the currency pair.

If you sign up for a CurrencyFair account through Finder though, your first five transfers are free.

Calculate how much sending money overseas would cost with CurrencyFair by using our tool below. You can also check out the real-time exchange rate CurrencyFair offers and if there are any additional fees.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 5 1 - 2 days EUR 3.00 0.677 USD
6,764
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Take a look at whether there are any active promo codes from CurrencyFair at the moment

Available currencies

CurrencyFair allows you to send money overseas in 19 currencies, including:

  • CAD Canadian dollar
  • CHF Swiss franc
  • GBP British pound
  • EUR Euro
  • INR Indian rupee
  • SGD Singapore dollar
  • USD US dollar
  • ZAR South African rand

You can check out the full list of supported currencies above.

What types of transfers can you make with CurrencyFair?

CurrencyFair only offers bank account transfers. If you want to send an instant cash transfer, you'll need to consider other providers.

How long does a transfer with CurrencyFair take?

CurrencyFair transfer times depend on two factors:

  • Deposit time. The time it takes for the AUD you deposit to arrive in your CurrencyFair account is typically 1-2 business days.
  • Transaction time. This varies between currencies. The most common processing time is 1-2 business days, but some currencies (such as GBP and INR) can be sent within 0-1 business days.

Transfers typically takeClock icon for transfer speed

1 - 2 days

What payment methods does CurrencyFair accept?

You can deposit funds into your CurrencyFair account via two methods:

  • Online bank transfer
  • BPAY

Is CurrencyFair safe to use?

  • Regulation: Regulated in Australia by ASIC.
  • Established: 2009.
  • Security: Client funds held in segregated accounts with tier 1 international banks.
  • Reviews: TrustScore of 9.4/10* from 3,200+ reviews on Trustpilot.
*According to CurrencyFair and Trustpilot on 20 May 2019.

CurrencyFair is based in Ireland and regulated by the Central Bank of Ireland. Its Australian branch, CurrencyFair Australia Pty Ltd, is regulated by the Australian Securities & Investments Commission and listed on AUSTRAC's Remittance Sector Register.

As part of the regulatory process, the Irish Central Bank requires CurrencyFair to maintain a minimum level of assets at all times. The company also keeps client funds in segregated accounts with major financial institutions, and requires two-factor authentication for specific actions, such as sending a transfer.

Finally, CurrencyFair claims that all customer information is stored in a secure facility which is safeguarded around the clock.

How does CurrencyFair make money?

CurrencyFair makes money by charging two fees:

  • A flat fee that applies to all transfers.
  • A fee calculated as a small percentage of your transaction amount.

How to register an account

Before you can send a transfer, you'll need to sign up for a CurrencyFair account by completing the following steps.

How do I make an international money transfer with CurrencyFair?

You can send a transfer by completing the following steps:

  1. Log in to your Internet banking account and deposit funds to your CurrencyFair account.
  2. Once the deposit has cleared, log in to your CurrencyFair account and click the "Exchange" menu.
  3. Enter the amount you wish to exchange and select the currency you want to acquire.
  4. Choose whether you want to accept the best exchange rate currently available, or set your desired rate and wait for it to be matched by other users. The former is the default and quickest option.
  5. Click "Exchange Now" to complete the currency exchange.
  6. You can then click on "Transfer Now".
  7. Enter your recipient's bank account details and specify the amount you want to transfer.
  8. Review the transfer fee and estimated arrival time.
  9. If you're ready to finalise your transfer, click "Submit".

What is CurrencyFair?

CurrencyFair is a peer-to-peer currency exchange marketplace that offers bank-beating exchange rates and fees. Founded in 2009, CurrencyFair is headquartered in Dublin, Ireland, but also has offices in the UK and Australia. Since its inception, the company has exchanged more than €8 billion worth of currency.

In a nutshell

Pros:

  • Competitive exchange rates and fees. CurrencyFair claims that, on average, the cost of sending a transfer is around 0.45% of the transaction amount. This is much less than you would pay to send funds overseas using your bank.
  • Easy online transfer process. While the peer-to-peer exchange process might sound complicated at first, sending money online with CurrencyFair is simple and straightforward.
  • Mobile transfer app available. If you need to send money on the go, CurrencyFair offers a mobile transfer app for Android and Apple devices.
  • Five fee-free transfers. If you sign up for a CurrencyFair account through Finder, the first five transfers you make with CurrencyFair are free.

Cons:

  • Only supports major currencies. While CurrencyFair does support a decent range of currencies, you'll need to look elsewhere if you want to send money overseas in a rare currency.
  • Not ideal for larger transfers. If you're sending a large transfer, for example $50,000 or more, the average 0.45% transfer fee can start to get quite expensive.
  • No credit card or cash payment. Credit card and cash payments are not accepted.

How does CurrencyFair compare to other providers?

Check out the table below to find out how the fees and transaction times of CurrencyFair compare to those offered by a range of other international money transfer services.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 2 days AUD 9.00 0.663 USD
6,628
Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.681 USD
6,807
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.681 USD
6,807
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.681 USD
6,807
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.681 USD
6,807
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
GBP 3,000 1 day AUD 0.00 0.681 USD
6,807
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees as a Finder customer when you transfer your money overseas with Global Reach.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.681 USD
6,807
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.677 USD
6,764
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.675 USD
6,749
Use promo code 3FREE to send your first 3 transfers with no fee.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.683 USD
6,803
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 200 1 day AUD 0.00 0.678 USD
6,779
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Frequently asked questions

International Money Transfer Offers

Important Information*
Logo for ANZ International Money Transfer
ANZ International Money Transfer

Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

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40 Comments

  1. Default Gravatar
    Nina
    August 21, 2018

    Hi, I am about to move to Micronesia (currency USD). I plan to open a local bank account, but will still need to transfer money from my Australian bank account to the Micronesian one. Is this possible with currencyFair and how much would I likely be charged in fees for a $1000 AUD transfer?
    Thanks.

    • AvatarStaff
      Joshua
      August 27, 2018

      Hi Nina,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Yes, it is possible for you to send money from Australia to Micronesia. The only fee you need to worry about is 3 Euros for each transfer. Please remember as well that CurrencyFair adds a small margin to each transfer when converting currencies. CurrencyFair doesn’t have any limit maximum transfer amount.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    caroline
    November 16, 2016

    hi

    I would like to transfer $17350 American dollars from Egypt to Australia , same currency , how can I do that

    thank you

    • AvatarStaff
      Harold
      November 16, 2016

      Hello Caroline,

      Generally, you open an account with the service, deposit the money you want to send via your local bank account so you’re not charged any fees. Then, you indicate what country you want to send the funds to by providing the recipient’s IBAN/SWIFT number, BSB and account number. The service then processes the transaction for you usually at a better exchange and lower fees due to economies of scale. Also, you may read this article as your reference guide before you do the money transfer.

      I hope this information has helped.

      Cheers,
      Harold

  3. Default Gravatar
    Carol
    October 20, 2016

    Please can you tell me how I can transfer British Pounds to a Bank account in Kenya that is in US dollars? I have a currency fair account. Thank you

    • AvatarStaff
      Clarizza
      October 24, 2016

      Hi Carol,

      Thanks for your question.

      You will need to first open a CurrencyFair account then send your funds to the client account. Next, you convert your funds into your chosen currency, and then you give CurrencyFair the account details to receive your funds. You can open an account with CurrencyFair direct from our site by clicking the ‘Go to site’ button. You will be taken to the CurrencyFair website where you can select the currency you will be sending and the currency your recipient will receive.

      Hope this has helped.

      Regards,
      Clarizza

  4. Default Gravatar
    alic
    August 1, 2016

    can I send money from Kenya to Norway and how do I go about it

    • AvatarStaff
      May
      August 1, 2016

      Hi Alic,

      Thanks for your inquiry.

      Unfortunately, sending money from Kenya to Norway through Currency Fair is not possible. But you can send through Western Union, Worldremit and Moneygram.

      Cheers,
      May

  5. Default Gravatar
    Sunny
    April 17, 2016

    Can i send from Singapore dollars in Singapore bank to Canadian dollars in Vancouver

    • AvatarStaff
      Shirley
      April 19, 2016

      Hi Sunny,

      Thanks for your question.

      You can send money from Singapore to Canada with CurrencyFair, though you can only conduct this online and not through a Singaporean bank.

      When you open a CurrencyFair account you’ll be asked to deposit funds.

      If you conduct it through your bank it’s likely to be a bank international money transfer instead.

  6. Default Gravatar
    Mike
    April 13, 2016

    Do both parties/people have to be members of Currency Fair to transfer money to each other?

    • Default Gravatar
      Harry
      April 13, 2016

      Hi Mike,

      Thanks for your question.

      The sender must be a member of Currency Fair in order to transfer money to a third party. The recipient does not need to have a Currency Fair account. You may need to provide Currency Fair with information regarding the third party and why you are sending money to them.

      I hope this helps,

      Harry

  7. Default Gravatar
    Ajay
    March 17, 2016

    Hi,
    Is it possible to transfer money from AED to INR (India) through Currency Fair?

    Regards,
    Ajay

    • AvatarStaff
      Shirley
      March 17, 2016

      Hi Ajay,

      Thanks for your question.

      Unfortunately CurrencyFair can’t support that transfer. TorFX, Currency Solutions, World First or Compass Markets can help.

  8. Default Gravatar
    mark
    February 19, 2016

    how much in $aus to ensure 2511 NZ arrives in NZ bank a/c please

    • AvatarStaff
      Shirley
      February 22, 2016

      Hi Mark,

      Thanks for your question.

      At the time of writing, AUD$ 250.10032 will need to be sent.

      Hope this helps.

  9. Default Gravatar
    Michael
    January 2, 2016

    HI,
    How do I get th free transaction? I’ve followed the link to the CurrencyFair website from finder.com.au, but they re still wanting to apply to transaction charge.
    Michael

    • AvatarStaff
      Shirley
      January 4, 2016

      Hi Michael,

      Thanks for your question.

      Your account will be credited with €15 after your first transfer. We apologise for any inconvenience caused.

      Cheers,
      Shirley

  10. Default Gravatar
    lisa
    December 2, 2015

    i have a currency fair account, can i us it to transfer funds from my linked account in Australia to a friend bank account in the UK?

    • AvatarStaff
      Shirley
      December 3, 2015

      Hi Lisa,

      Thanks for your question.

      Yes this should be possible with your current CurrencyFair account.

      Cheers,
      Shirley

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