CurrencyFair
CurrencyFair is an online service for cross-border payments and foreign exchange, available on the web, iOS, Android, and through an API for approved busines…
What CurrencyFair is
CurrencyFair is an online service for cross-border payments and foreign exchange, available on the web, iOS, Android, and through an API for approved business and institutional partners. Users can send or receive money involving more than 150 countries and more than 20 currencies, with bank recipients and same-day transfer speed listed. Quick Trade supports immediate exchanges, while Marketplace Trades let users specify a desired rate and wait for a match. Rate alerts, transfer tracking, and scheduled transfers are also available. Business customers can pay overseas workers, suppliers, and contractors, or receive international payments. UK-based business customers can hold more than 20 currencies and convert when market conditions suit them. CurrencyFair lists a free plan; charges include €3 or a currency equivalent when sending or transferring out after exchange, plus an exchange margin. Identity verification is required and may involve identification and up to two proofs of address. The company is based in Dublin and was founded in 2010.
Good
- Transfers reach more than 150 countries
- Supports more than 20 currencies
- Offers rate alerts and transfer tracking
- Free plan is listed
- Business API access is available to approved partners
Watch out
- Charges €3 or currency equivalent per send or transfer out
- Adds a currency-exchange margin
- Identity verification is required
Who it suits
CurrencyFair suits people sending or receiving international payments to bank accounts, as well as businesses handling overseas payments. UK-based businesses that want to hold multiple currencies may also find its receiving option relevant.
Verdict
CurrencyFair offers multiple ways to exchange currencies, along with tracking, scheduling, and options for business payments. Review the fee and exchange-margin details and be prepared to verify your identity before using it.
Plans and prices
From CurrencyFair's own pricing page, checked 20 Sep 2026.
| Plan | Price | What it gives you |
|---|---|---|
| International transfer | €3 a month | Flat transfer fee after currency exchange · Currency equivalent may apply · CurrencyFair also adds a currency-exchange margin · €3 or currency equivalent when sending money or transferring out |
| Business account | €3, paid once | no setup charge · no monthly fee or premium · typically around 0.53% exchange margin · per send or Transfer Out after exchange |
| Personal account | €3, paid once | no setup charge · no monthly fee · typically around 0.53% exchange margin · per send or Transfer Out after exchange |
The facts
Each one read from CurrencyFair's own pages, with the date it was checked.
What it does
- Account verification
- CurrencyFair requires identity verification for customers and may require identification and up to two proofs of address.checked 28 Sep 2026
- API integrations
- Approved business and institutional API partners can integrate with CurrencyFair through its REST API, using API keys and OAuth bearer tokens.checked 28 Sep 2026
- Business use
- Business customers can pay overseas workers, suppliers and contractors and receive international payments.checked 28 Sep 2026
- Exchange methods
- The platform supports instant Quick Trade exchanges and Marketplace Trades where users set a desired rate and wait for a match.checked 28 Sep 2026
- Exchange-rate model
- markupchecked 20 Sep 2026
- International reach
- Users can send and receive money to and from more than 150 countries in more than 20 currencies.checked 28 Sep 2026
- Multi-currency receiving
- UK-based business customers can hold more than 20 currencies and convert when market conditions suit them.checked 28 Sep 2026
- Rate alerts
- Users can set a rate alert when they are not ready to exchange immediately.checked 28 Sep 2026
- Recipient methods
- bankchecked 20 Sep 2026
- Regulation
- CurrencyFair Limited is regulated by the Central Bank of Ireland, while its entities are also regulated in Australia, Singapore and Hong Kong.checked 28 Sep 2026
- Scheduled transfers
- Yeschecked 20 Sep 2026
- Security certifications
- CurrencyFair states that it has ISO 27001 and SOC 2 Type 2 security certifications.checked 28 Sep 2026
- Security hosting
- CurrencyFair says its platform is hosted in the AWS cloud and uses segregated customer accounts held in top-tier international banks.checked 28 Sep 2026
- Support
- CurrencyFair offers customer support by phone and email plus a support centre with frequently asked questions.checked 28 Sep 2026
- Transfer speed
- Many international transfers are completed within 24 hours, and GBP Faster Payments can arrive within one hour with participating banks.checked 28 Sep 2026
- Transfer tracking
- Yeschecked 20 Sep 2026
- Upfront fee display
- Yeschecked 20 Sep 2026
- What it does
- CurrencyFair provides online cross-border payments and foreign-exchange services.checked 28 Sep 2026
The company
- Founded
- 2010checked 28 Sep 2026
- Headquarters
- Dublin, Irelandchecked 28 Sep 2026
Money
- Free plan
- Yeschecked 20 Sep 2026
Where it runs
- Mobile platforms
- bothchecked 20 Sep 2026
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