Get 5 free money transfers with CurrencyFair

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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 transfer. 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.

Transfer money with CurrencyFair

CurrencyFair is a well-established company with offices in the United Kingdom, Australia, Poland, Greece, Singapore and in Ireland where the headquarts is.  The company is registered as a payment institution at the central bank of Ireland under regulation of the European Commission and is also regulated by the Australian Safety and Investment Commission. They also offer a free App with many features available for iPhone & Android.

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.

5x 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

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

Transfer from UK to Australia (using CurrencyFair)

For example: You wish to transfer £2000.

– You pay $4 transfer fee (or $0 using our link).
– The market rate is around $1.67 for £1.
– The rate offered by CurrencyFair will be around 1.66.
– For £2000 you get about $3320.

Transfer from Ireland to Australia (using CurrencyFair)

For example: You wish to transfer 2000€.

– You pay $4 transfer fee (or 0$ using our link).
– The market rate is around $1.5 for 1€.
– The rate offered by CurrencyFair will be around 1.493.
– For 2000€ you will get about $2982.

Transfer from UK to Australia (with a bank)

For example: You wish to transfer £2000.

– You might pay a transfer fee, depending on your contract.
– The market rate is around $1.67 for £1.
– Your bank will offer you a rate around 1.63.
– For £2000 you will get $3260.

Transfer from Ireland to Australia (with a bank)

For example: You wish to transfer 2000€

– You might pay a transfer fee, depending on your contract.
– The market rate is around $1.50 for 1€.
– Your bank will offer you a rate around 1.45.
– For 2000€ you will get $2900.

Without even considering any bank fees you are already saving around $80.

For more information about CurrencyFair : CurrencyFair – How it works & review

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 and 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 and 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. For instance, you want to convert £1000 in AUD and the market price is 1.67. CurrencyFair will offer you 1.63 or you can choose to settle your rate at 1.66. In this case you have to wait for another member to be willing to accept your offer and the conversion will be done automatically. You will even have access to a waiting list of members wanting to change the same devise.

How to 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 click on this link:

5x FREE TRANSFERS WITH CURRENCYFAIR

More information : CurrencyFair – How it works?

Updated on 26/06/2019. Initially published on 14/11/2018

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