How do CurrencyFair fees work
Real-world rates for real savings
When sending money overseas, CurrencyFair exchange rates are fair and cheaper than a typical bank. Our peer-to-peer model means customers exchange with real people and get real savings, unlike when using a bank or broker.
Peer-to-peer is the fairest way to exchange money. This model means people avoid banks and brokers who add unnecessary hidden costs to international money transfers.
Save on international money transfers with CurrencyFair
CurrencyFair offers savings on money transfers through:
The Rate: An exchange rate with CurrencyFair is on average just 0.45% more from the real-time currency market rate. This is our margin. Most banks don’t tell their customers what their margin is or that their margin ranges from 3%-6%.
The Fee: To transfer out money to a bank account, the fee is just $5 (or the currency equivalent).
You can always check our live rates at any time on our currency calculator. With CurrencyFair you can exchange and send money immediately at the rate currently available.
If your transfer is not urgent, choose a unique rate that is even better than our live rate and still have a good chance of getting matched, meaning even more savings.
Do this in CurrencyFair peer-to-peer marketplace, the Exchange.