Once your money arrives into CurrencyFair, it's time to exchange. You can exchange instantly at the best rate available on CurrencyFair at that time, or you can choose a better rate and wait for it. You're in complete control.
Either way, you get a much better exchange rate than with your bank. Nice!
Once your money is exchanged, you can send it to the recipient. We charge a very small fee at this stage, only €3.00 (or equivalent). The money will arrive safely in the recipient's bank account in just a couple of days.
That's it! Low cost money transfer, as simple as you want it to be.
Not only is CurrencyFair very simple to use, they are efficient and through their competitive rates have added a nice bit of extra cash to my monthly wage. To summarise, if you want a payrise without having to have that awkward conversation with your boss then start using CurrencyFair!
Frequently asked questionsTransparency and honesty is in our DNA. Here are the answers your most common questions.
How long does it take for my money to reach my CurrencyFair account?
Sending in Euro typically takes 2 business days, while GBP Faster Payments and CHAPS typically reach us on the same business day. All other currencies will be sent using a bank transfer, which can take up to 5 business days to reach us, depending on the currency. Click here to view our estimated processing times.
What fees apply for sending in money to my CurrencyFair account?
It’s free to send money into your CurrencyFair account. However, it’s important to point out that your bank may charge fees for sending in money. Should you have specific queries on any fees that may apply, we recommend you contact your bank for clarification.
Do I need to verify my account?
As a regulated financial services company, we need to verify your identity. We try to do this when you are registering via “Electronic Verification” means, however when this is not possible, you will need to send us a copy of your passport and/or driver's licence in addition to two proofs of address. You can upload your ID and address documents here.
What payment types can I use?
You can send money from your bank account to the CurrencyFair bank account via a bank transfer. We also accept debit card payments, but only for Irish debit cards. Once we have received your money, we will send you an email to confirm that your money has been received, allowing you to start exchanging.
It only takes minutes to get set up with CurrencyFair, try it out today!
CurrencyFair Ltd is regulated by the Central Bank of Ireland. CurrencyFair Ltd is a Corporate Authorised Representative (No.419450) of CurrencyFair Australia Pty Ltd, regulated in Australia by ASIC (AFS License No. 402709). Data on CurrencyFair website(s) (including pricing data) is protected by database rights. All rights reserved Registered Office: Colm House, 91 Pembroke Road, Ballsbridge, Dublin 4, Ireland. CurrencyFair Ltd CRO: 469391 (Incorporated in Ireland)
The information contained on our website is general in nature. CurrencyFair has not taken into account your objectives, financial situation or needs. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain independent financial, legal and taxation advice before making any financial investment decision.
Australian Residents - Please consider our Product Disclosure Statement before making any financial decisions.