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How It Works

Pricing

We can save you 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, get a better exchange rate than the true interbank or wholesale rate at the time!

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