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CurrencyFair provide an instant remittance service which is cheaper than using your bank or currency exchange companies like Western Union
CurrencyFair is an online remittal platform that is able to offer its customer base much cheaper rates for exchanging their currency when compared to high street banks. The platform offers a unique take on currency conversion by implementing a peer-to-peer element, so customers are paired with similar individuals who are also looking to change currency.
CurrencyFair was created with a view that businesses and individuals should have access to the same rates that have been reserved for banks and professionals in the past. Three of the people who started CurrencyFair used to work within the banking industry, so are fully aware of how expensive a currency exchange can be if it is done via a high street bank.
The platform is easy on the eye as well as easy to use. Customers can take advantage of the 17 currencies that are available to exchange, including US Dollars, Canadian Dollars and Pound Sterling. Those who find a match can expect to pay a rate of 0.15 percent per transfer. If a match is not available, then CurrencyFair will match you for a fee of 0.5 percent.
Customers must exchange a minimum of €8 in order to use the service, but there is no maximum amount. This means individuals can send money to family and friends in other countries, whereas businesses are able to exchange larger amounts for their international purchases.
As well as offering a robust, secure and aesthetically pleasing platform to work with, CurrencyFair also takes pride in its customer service. Not only is there a large section on its website covering any queries that its customer may have, but they also offer a strong customer service team available via telephone.
The CurrencyFair’s easy-to-use platform is one of the more popular among those offering similar services. Another advantage of the CurrencyFair platform is that as its user base grows, its exchange rates are likely to decrease. This is due to there being more choice available when locating potential matches for you. The platform can also be cheaper than alternative payment merchants, so those who paying excessive fees when using a merchant for exchanging currency can also take advantage of CurrencyFair.
CurrencyFair matches customers who are looking to exchange currency. Its peer-to-peer method of exchanging funds means that the whole process costs less when compared to a high street bank.
You have chosen to open a CurrencyFair trading account, please ensure you meet the following criteria to ensure that your application is successful.
Applicants must be at least 18 years of age.
Applicants must ensure that their daytime telephone number and email address are included within the application.
There is no charge for opening an account with CurrencyFair, and there is no obligation for a trade to occur once an account has been opened.
A trade can only occur once funds are cleared. Customers must refer to their bank in relation to any queries regarding transfer charges.
To open an account with CurrencyFair, simply click on the apply link. Ensure you keep a copy of any terms and conditions for you records.
to receive a FREE transfer.
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