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.
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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:
Once you have registered, you will be able to see a credit of 5 free transfers on your profile. Log in to your account, go to your name in the top right-hand corner and select “my profile”.
CurrencyFair: How does it work?
To begin using the international money transfer platform, follow these four basic steps:
- Visit the CurrencyFair website www.currencyfair.com and create your account
- Request transfers online
- Send your money into their account
- CurrencyFair exchanges your money to the currency of your choice and transfers it to your nominated account.
The exchange rates offered by this type of platform are much more advantageous than if you went directly through your bank. What’s more, transfer fees are just AUD 4 (excluding the 5 free transfers)! So you can save a lot of money compared with a traditional bank-to-bank transfer.
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:
You wish to transfer £1000.
You pay $4 transfer fee (or $0 using our link).
The market rate is around $1.92 for £1.
The rate offered by CurrencyFair will be around $1.9130
For £1000 you get about $1913.00
Transferring from UK to Australia using a bank:
You wish to transfer £1000.
You might pay a transfer fee (usually around £20).
The market rate is around $1.92 for £1.
Your bank will offer you a rate around $1.8653
For £1000 you will get $1828
Without even considering any bank fees you are already saving $85.
The advantages of using CurrencyFair
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.
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.
CurrencyFair Customer Feedback
Here are some of the customer reviews from the TrustPilot website where CurrencyFair received a rating of 4.1/5 out of over 6900 reviews.
Read more: CurrencyFair – How it works and Reviews
