Home Bank & Money transfers Get 5 free money transfers with CurrencyFair

Get 5 free money transfers with CurrencyFair

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Get 5 free money transfers with CurrencyFair

CurrencyFair is an online platform to transfer money internationally. Accredited and extremely secure, you will be able to transfer your money from an account to another with competitive exchange rates. CurrencyFair is offering our readers a special discount; 5 FREE money transfers. Click the link below to get started! 

If transferring money via an international transfer platform is new to you then check out our article How to transfer money to Australia for more detailed information.

Get 5 Free international money transfers

Thanks to our partnership with CurrencyFair, Australia Backpackers Guide offers you an affiliate link to create an account. You will then get 5 free transfers. This is a great way to save on transfer costs if you are planning an overseas trip to a few countries with different currencies. 

To get your 5 free transfers, it’s easy, just click on this button:

5 free transfers with currencyfair

CurrencyFair: How does it work?

To begin using the international money transfer platform, follow these four basic steps:

  1. Visit the CurrencyFair website www.currencyfair.com and create your account
  2. Request transfers online
  3. Send your money into their account
  4. CurrencyFair exchanges your money to the currency of your choice and transfers it to your nominated account.

Save money with CurrencyFair

With no excessive bank fees, a competitive exchange rate, the CurrencyFair platform is more cost effective than your usual bank. Please note that the exchange rates vary depending on the market and currency. After your 5 free transfers, a transfer fee of only AU$4.00 applies.

Transfer from UK to Australia (using CurrencyFair)

For example: You wish to transfer £5000.

  • You pay $4 transfer fee (or $0 using our link).
  • The market rate is around $1.70 for £1.
  • The rate offered by CurrencyFair will be around $1.69
  • For £5000 you get about $8490.50

Transfer from UK to Australia (with a bank)

For example: You wish to transfer £5000.

  • You might pay a transfer fee, depending on your contract.
  • The market rate is around $1.70 for £1.
  • Your bank will offer you a rate around $1.64.
  • For £5000 you will get $8243

For example: You wish to transfer 5000€.

Transfer from Ireland to Australia (using CurrencyFair)

  • You pay $4 transfer fee (or 0$ using our link).
  • The market rate is around $1.475 for 1€.
  • The rate offered by CurrencyFair will be around $1.4680
  • For 5000€ you will get about $7,336.00

Transfer from Ireland to Australia (with a bank)

For example: You wish to transfer 5000€

  • You might pay a transfer fee, depending on your contract.
  • The market rate is around $1.475 for 1€.
  • Your bank will offer you a rate around $1.44
  • For 5000€ you will get $7118
currencyfair conversion rate AUD to EURO september 2022

Without even considering any bank fees you are already saving more than $210.

CurrencyFair: Assets

We have tried many different currency transfer platforms and find CurrencyFair the best company of choice due to the following:

1 – Very low fixed charges: most competitors offer charges calculated relative to the transferred amount (0.7%) or higher fixed charges.

2 – Exchange rate really close to the market rate

3 – Possibility to transfer money in a device without changing it directly. Other companies give you a rate available for a 24hr period when you are transferring money. Unfortunately most of the time it takes a few days for the transaction to clear. During this 24hr period the exchange rate can change causing a huge difference. Whereas CurrencyFair allows you to transfer money into your CurrencyFair account . Then you can wait for the best exchange rate before transferring to your nominated bank account.

4 – Possibility to change you devise with other members. CurrencyFair also allows you to choose your exchange rate. Let’s take an example: you want to convert €1,000 into Australian dollars. The market rate is 1.49, CurrencyFair offers you an exchange rate of 1.48. You can then fix your rate at 1.47 for example. In this case, you will only have to wait for another user to accept your proposal and the conversion will take place automatically. You will even have access to the waiting list of users wishing to convert the same currencies with the rates they have set.

Introducing CurrencyFair

CurrencyFair is a well-established company with offices in the United Kingdom, Australia, Singapore, Hong Kong and in Ireland where the headquarter is. The company is registered as a payment institution at the central bank of Ireland under regulation of the European Commission and also by the Australian Safety and Investment Commission.

Over the past 10 years, the company has onboarded over 150,000 customers. CurrencyFair currently offers 20 different currencies for international payments.

You can also download the CurrencyFair free App with many features available for iPhone & Android.

In 2021, CurrencyFair also created Zai. Zai is a branch that focuses on medium-sized professional clients in financial services, including payments, foreign exchange, fraud management, reconciliation etc. CurrencyFair continues to be the platform for consumers and small businesses to exchange foreign currency quickly and at unbeatable rates.

Transferring money overseas with CurrencyFair is really simple and extremely cost effective. To get your five free transfers, all you need to do is to click the button below and register on the CurrencyFair website. Your free transfers will sit in your account and can be used anytime.

More information: CurrencyFair – How it works?

Updated on 15/09/2022

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