Send Money Online from Singapore to the World

CurrencyFair has the necessary authorisation in every territory we operate in and customer funds are segregated and held in top tier international banks. CurrencyFair is fully regulated in Australia by the Australian Securities and Investments Commission and in Europe as a Payment Services Provider by the Central Bank of Ireland. CurrencyFair is also fully regulated in Singapore by the Monetary Authority of Singapore (MAS) under the Money-Changing and Remittance Businesses Act (Cap. 187) and is a licensed Money Service Operator in Hong Kong. In the UK CurrencyFair is registered with the Financial Conduct Authority (FCA) under the Temporary Permissions Regime (TPR), registration number FRN 522602. CurrencyFair (UK) Limited is in the process of applying for an electronic money institution license with the FCA.

Many of our international transfers are completed within 24 hours. Deposits and transfers of GBP can occur within one hour using Faster Payments (with participating banks). As we have local bank accounts in multiple countries across the globe, international transfers for many currency corridors on our platform are treated as domestic “local” transfers, saving you time and money. This varies depending on the currency corridor you have selected.

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There are no charges to set up your CurrencyFair account. We also don’t charge a monthly fee or premium. Once your money has been exchanged, we charge a small flat-fee of €3 (or currency equivalent) when you send money or Transfer Out from your CurrencyFair account. When you exchange currencies on our platform, CurrencyFair adds a small margin. The percentage varies depending on the currency but is typically around 0.53%.