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How To Set Up A Recurring Transaction With CurrencyFair [Short Video]

August 12, 2015 how-to

If you live or work abroad, making international bank transfers with CurrencyFair will certainly save you a lot of money. Whether it’s getting your pension into your local bank account each month, or receiving a salary from another country, we’ve made the whole process easier and a lot less expensive.

Now we’ve made things even better for our customers, thanks to recurring international payments! We’ve added a feature which allows you to set up details of a regular transaction. Once in place, and we’ve received your funds, we’ll do an “Auto-Transaction”, sending the exchanged funds out to your bank account without the need for you to do anything further!

You’ll be able to avoid the hassles of online banking every month whilst getting the same excellent CurrencyFair exchange rates as usual.

How To Set Up A Recurring Transaction

Setting up a recurring transaction with CurrencyFair is easy.

recurring-tx-new

First of all, sign in and on the left hand side of the screen click on Recurring Transactions.

We’re going to ask you to let us know where the money is coming from and where you want to send it to.

We’re also going to ask you the amount you’re going to deposit and the date on which that money is expected.

Once you’ve done that, sit back and we’ll take care of the rest.

As soon as your money is in, we’ll exchange it at the best rate possible and we’ll send you an email to confirm when that’s all done and confirm your rate and the amount we send. If there are insufficient funds on the date you requested the Recurring Transaction to happen, or it falls on a weekend or bank holiday, we’ll continue to try perform the exchange and transfer for up to 4 business days after the specified date. If sufficient funds are not received in that time, that month’s transaction will be cancelled and we will try again the following month.

As always, our excellent Customer Service team are on hand to help you out with any questions you might have about this brilliant feature.

If you’re already a CurrencyFair customer, you can set up a recurring payment here.

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