CurrencyTransfer international money transfers

For high-value money transfers, CurrencyTransfer can shop around for you.

CurrencyTransfer is a live marketplace in which foreign exchange companies compete for your business. It aims to create a transparent experience with none of the hidden fees that can occur in international payments.

GBP 5,000

Min. Transfer Amount

No limit

Max. Transfer Amount

1 - 2 days

Transfer Speed

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Details

Min. Transfer AmountGBP 5,000
Max. Transfer AmountNo limit
Transfer MethodsOnline, Bank Account to Bank Account, International Money Order
Transfer Speed
Minimum transfer time
1 - 2 days
Online Transfer FeeAUD 0
Available CurrenciesAED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR
Online Transfer FeeAUD 0

Pros

  • Superior for high-value transfers.
  • No transaction fees.
  • Reliable, with all suppliers verified by Australia's regulatory body.

Cons

  • Only for large transactions.
  • No credit or debit card payments.

CurrencyTransfer exchange rates and cost

CurrencyTransfer is free to use and doesn't have any transaction fees. It also doesn't have its own set of exchange rates. Instead, you use it as a platform to compare multiple exchange rates for the same transfer.

The only costs to you will come from the difference between the exchange rate of the company with which you ultimately decide to complete your transaction, and the official (mid-market) exchange rate. That difference is what you pay for making the conversion.

While CurrencyTransfer doesn't add a fee on top of the exchange rate, it makes its money by taking a small platform fee from its panel of contributing currency brokers.

CurrencyTransfer will clearly state the mid-market rate alongside the provided quotes, to ensure there are no hidden costs.

Minimum transfer amount and available countries

CurrencyTransfer allows you to transfer money into over 20 different currencies, including the British pound, New Zealand dollar and the euro. As for the minimum transfer amount, CurrencyTransfer only accepts transfers over £5,000 or the foreign equivalent. This is roughly AUD$8,800 at time of writing (3 August 2018).

These are the currencies currently available on the CurrencyTransfer platform, meaning you can transfer from or into any of these:

  • Australian dollar (AUD)
  • British pound (GBP)
  • Canadian dollar (CAD)
  • Czech koruna (CZK)
  • Danish krone (DKK)
  • Emirati dirham (AED)
  • Euro (EUR)
  • Hong Kong dollar (HKD)
  • Hungarian forint (HUF)
  • Israeli shekel (ILS)
  • Japanese yen (JPY)
  • New Zealand dollar (NZD)
  • Mexican peso (MXN)
  • Norwegian krone (NOK)
  • Polish zloty (PLN)
  • Romanian new leu (RON)
  • Singapore dollar (SGD)
  • South African rand (ZAR)
  • Swedish krona (SEK)
  • Swiss franc (SEK)
  • Thai baht (THB)
  • Turkish lira (TRY)
  • United States dollar (USD)

The registration and transfer process

  • Sign up. You need to sign up for an account to start trading with CurrencyTransfer.
  • Request a quote. Enter the currencies you want to buy and sell, and how much.
  • Choose a quote. The best deal will be automatically selected for you, but you can view the others as well.
  • Book your transfer. Confirm the transaction, then transfer your funds as a normal bank transfer.
  • Delivery. The agreed amount is then sent to your recipient. You'll be able to track the order in "Trade History" on the website.

Although you do need to create an account to transfer money with CurrencyTransfer, you can try out a demo of their platform and see a sample of quotes without signing up.

What transfer types can you carry out with CurrencyTransfer?

  • Spot transfers. Make a one-time, quick transfer at the current exchange rate offered.
  • Forward contracts. You have the option to lock in today's exchange rate for a transfer up to 12 months in advance. This can protect your from unfavourable changes in the exchange rate. While you will need to put down a deposit when you lock in the rate, you can pay the rest at a later date.
  • Market orders. By setting a market order, you can automate a currency purchase when your 'target' exchange rate hits.

Pros

  • Superior for high-value transfers. For transfers of over £5,000, CurrencyTransfer can find you extremely competitive rates.
  • No transaction fees. CurrencyTransfer doesn't allow transaction fees within its marketplace. The costs come only from differing exchange rates.
  • Reliable. CurrencyTransfer will only supply exchange rates from suppliers authorised by the Financial Conduct Authority (FCA).

Cons

  • Only large transactions. CurrencyTransfer only has an edge for transfers of over £5,000.
  • No credit or debit card payments. CurrencyTransfer can only accept payments via bank transfer.

How does CurrencyTransfer compare to other providers?

Our table below shows you the exchange rate and fees of other money transfer specialists.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 3 1 - 2 days AUD 8.00 0.716 USD
3,574
Transfer money overseas for $0. Valid till 15 February 2022. T&Cs apply.
Go to site Show details
GBP 0 1 - 2 days AUD 3.99 0.715 USD
3,571
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.713 USD
3,565
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.712 USD
3,561
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.711 USD
3,554
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 1 Within an hour AUD 0.00 0.714 USD
3,571
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Within an hour AUD 3.99 0.714 USD
3,568
Use code Take10AUD to get $10 off when you spend $20. Valid till 31 January 2022. T&Cs apply.
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 22.50 0.717 USD
3,569
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 200 1 - 2 days AUD 25.00 0.718 USD
3,570
Exclusive: Use code FINDER60 to get AUD 30 off your first two transfers. Valid for transfers over AUD 250 and till 31 January 2022. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
AUD 1 1 day AUD 26.00 0.717 USD
3,567
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 0.712 USD
3,559
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.713 USD
3,563
Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
CurrencyFair has 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.

Frequently asked questions about CurrencyTransfer

Our review of CurrencyTransfer's online seller product

International Money Transfer Offers

Important Information*
Logo for HSBC International Money Transfers
HSBC International Money Transfers

Transfer money overseas for $0. Valid till 15 February 2022. T&Cs apply.

Logo for Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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

Logo for MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

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