How To Create A Fast Money Transfer Using CurrencyFair
More great news for anyone who wants to save time and save money – “Create a Transaction“.
Our 3 Step Speed Money Transfer Process is Easy
Normally, there are three steps to doing an international money transfer:
- Transfer your money from your local bank into your CurrencyFair account.
- Exchange: Choose your rate inside your CurrencyFair account and exchange instantly or wait to get an even better rate later.
- Transfer your money out into your destination account (you can also pay to third parties).
However, with “Send Money”, you can effectively skip steps two and three simply by setting up the whole transfer in one go – meaning you only need to visit your CurrencyFair account once.
You probably already know that CurrencyFair can save you up to 90% of the cost of an international money transfer.
You probably already know that a large number of our customers regularly beat the interbank rate (i.e. they get a better exchange rate than even the big banks keep for themselves).
If you’ve been here before, you probably also know that transferring with CurrencyFair is quick and easy and can be done without climbing off your couch.
Well, it’s now even easier!
How To Create A Transaction
The whole purpose of Create a Transaction is to make things easier for you and to speed up your transfer by skipping the Exchange and Transfer stages.
Simply log in to your CurrencyFair account and chose Send Money.
Next, select “Create a Transaction” option and the amount and currencies you wish to send/receive.
Clicking “Continue” confirms the amount/currencies. You can also view the exchange details by clicking “View Transaction Details”.
Then nominate your Deposit Account (where the money is coming from) and the Beneficiary Account (where the money is going to). You also need to select a reason for the transfer from the drop-down below.
You’re almost there!
Once you’ve reach the confirmation screen, you’ll need to ensure you’ve instructed your own bank to send the funds to CurrencyFair. All the details you’ll need, including IBAN/SWIFT and a Unique Reference Number are provided here.
As soon as it arrives, we’ll automatically exchange it and then transfer it out immediately into your chosen destination account.
You’ll still get an amazing exchange rate that the banks won’t offer you and it will have been arranged in a few quick minutes.
That’s a lot better than the old 30 minute queues we all used to endure down at the bank branch during our lunch breaks, right?
To get started, click here.