CurrencyFair
7.5#24 in money transfer appsAndroidiOSWebAPI
VisitCurrencyFair vs Wise
What both publish
| Fact | CurrencyFair | Wise |
|---|---|---|
| Exchange-rate model | markup | mid_market |
| Founded | 2010 | 2011 |
| Free plan | Yes | Yes |
| Headquarters | Dublin, Ireland | London, United Kingdom |
| Mobile platforms | both | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. |
| Rate alerts | Users can set a rate alert when they are not ready to exchange immediately. | The app can send exchange-rate alerts so users can track the mid-market rate. |
| Recipient methods | bank | bank |
| Regulation | CurrencyFair Limited is regulated by the Central Bank of Ireland, while its entities are also regulated in Australia, Singapore and Hong Kong. | Wise states it is authorised by the UK Financial Conduct Authority for issuing electronic money and works with a local bank partner to offer inward remittance service to India with RBI approval. |
| Scheduled transfers | Yes | Yes |
| Support | CurrencyFair offers customer support by phone and email plus a support centre with frequently asked questions. | Wise says its customer support is available by email, live chat, and phone, 24/7 in English and in 14 other languages. |
| Transfer speed | Many international transfers are completed within 24 hours, and GBP Faster Payments can arrive within one hour with participating banks. | On many popular routes, transfers can arrive within one day, the same day, or instantly. |
| Transfer tracking | Yes | The app shows the list and current status of transfers users have set up. |
CurrencyFair plans
- International transfer€3 a month
- Business account€3, paid once
- Personal account€3, paid once
Wise plans
- Wise personal account and transfersFree
Pick CurrencyFair if…
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.
Pick Wise if…
Wise suits people sending money to overseas bank accounts or receiving payments from abroad. It may also suit users who want to track or schedule transfers and receive exchange-rate alerts.