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How It Works

Pricing

We can save you up to 90% on your international transfer fees.

logo-currencyfair-pos Typical Bank
Transfer amount
£ 2,000.00
Transfer amount
£ 2,000.00
International transfer fees
£ 2.50
International transfer fees
£ 40.00
Exchange rate margin
£ 6.00
Exchange rate margin
£ 60.00
Total cost of transaction
£ 8.50
Total cost of transaction
£ 100.00
On average you pay just 0.35% of the amount exchanged plus a €3 (or currency equivalent) transfer fee.

CurrencyFair is a marketplace, so the exchange rates are set by its users.

CurrencyFair charges 0.15% of the total amount exchanged when customers match each other. In the event that there are no customers providing a competitive rate for your exchange, CurrencyFair will step in and match with you. This results in a charge of 0.4% to 0.6% of the amount exchanged. So depending on which way you’re exchanging, and the activity on the marketplace at that time, you’ll pay anywhere from nothing (0%) to 0.6%, plus a fixed €3 transfer fee. In fact it’s possible, with CurrencyFair, to pay less than nothing. In other words, CurrencyFair exchange rates can be better than the true interbank or wholesale rate at any given time.

On average, customers at the moment pay around 0.38%, however as more and more people use CurrencyFair, this average rate will decrease.