See How CurrencyFair Weighs Up
Learn More About CurrencyFair's Alternatives
Frequently Asked Questions About CurrencyFair
Can I trust CurrencyFair? ✅
Yes. CurrencyFair is a duly authorised financial services provider with around 60 thousand active customers, that's regulated and authorized by the Central Bank of Ireland. What's more, under the European Communities (Payment Services) Regulations 2009, CurrencyFair is required to protect client funds and maintain systems and procedures at the highest standards. This includes the deterrence of financial crime, the maintenance of a minimum level of capital and liquidity, and the appointment of individually approved and vetted key personnel.
How long does CurrencyFair take to transfer? ⏱
For bank deposits, CurrencyFair transfers take around one to two working days to arrive at their destination. However, for card payments, transfers can be faster still, with transactions usually being processed and delivered within a period of twenty-four hours.
Is CurrencyFair reliable? 🤝
Yes, CurrencyFair is reliable and trustworthy for international money transfers A large and global company, CurrencyFair is headquartered in Dublin, Ireland, and employs around 100 people across its Irish and Australian offices. Employees give the company a 5-star rating on the employer review site Glassdoor and frequently describe CurrencyFair as a desirable place to work.
Is CurrencyFair legitimate? 👨⚖️
Yes, CurrencyFair is a duly authorised financial services provider with around 60 thousand active customers and regulated and authorized by the Central Bank of Ireland, making it a fully legitimate and credible money transfer service.
How does CurrencyFair work? 💻
To use CurrencyFair, you'll need to create an account or log in to an existing one, through which you'll be able to access the user dashboard and make international money transfers to 17 currencies around the globe. To set up a transfer, you'll need to click 'Send Money' in the dashboard and then enter how much you're sending, the destination country and currency, and the delivery method. From there, you'll have to add a beneficiary and pay for your transfer. Take a look at Monito's step-by-step guide for how CurrencyFair works here.
Is CurrencyFair good? ✔
Yes, CurrencyFair is a good money transfer service that the experts at Monito firmly recommend for bank transfers worldwide. Despite having relatively few customers compared to many of its major competitors, CurrencyFair has a high level of security and brand reputability and provides a wide range of easy-to-use services and features, as well as well-priced fees and exchange rates available, making it an all-round good money transfer service indeed.
How do I delete my CurrencyFair account? ⛔
There is no explicit was to delete your CurrencyFair account in-app or on the user dashboard. In order to de-register yourself and close your CurrencyFair account, you'll need to contact CurrencyFair's customer support team, who will help get the job done for you.
How old is CurrencyFair? 📅
Founded in 2009, CurrencyFair turned 12 years old in 2021.
Is CurrencyFair safe? 🔐
Yes, CurrencyFair is indeed a safe and trustworthy platform for foreign currency solutions. A large and global company, CurrencyFair is headquartered in Dublin, Ireland, and employs around 100 people across its Irish and Australian offices. Employees give the company a 5-star rating on the employer review site Glassdoor and frequently describe CurrencyFair as a desirable place to work. Hundreds of thousands of clients have used CurrencyFair to exchange over €8 billion. They have thousands of 5-star reviews on Trustpilot and very few complaints. The company is financially strong with over €5 million net assets and has raised around €20 million from investors.
Is CurrencyFair a bank? 🏦
No, CurrencyFair is not a bank but an international money transfer operator that is registered and authorised to handle currency exchange services.
What is a CurrencyFair account? 📱
A CurrencyFair account is a free-to-register user dashboard and online money transfer platform that allows you to send money via bank deposit or card payment to 17 currencies worldwide.
Is CurrencyFair better than Wise? ⚖
CurrencyFair and Wise are both very good money transfer service that you can depend on to offer top-notch currency exchange solutions. However, when it comes to fees and exchange rates, Wise is by far the more competitive service according to millions of annual searches run on Monito's real-time comparison engine. Take a look at Monito's full side-by-side review to learn more.
Who owns CurrencyFair? 🧾
CurrencyFair is a for-profit private money transfer company founded by Brett Meyers, David Christian, Jonathan Potter, and Sean Barrett in 2009. Currently, CurrencyFair isn't owned directly by any single company or individual but by a collective of shareholders.