Key Facts and Figures
- 150,000+ Customers on-boarded
- 20+ Currencies supported
CurrencyFair
CurrencyFair is an international digital payments company with offices in Ireland, Australia, United Kingdom, Singapore and Hong Kong.
Fees and FX Rates
Customers can use the price estimator to check the exchange rates and fees, however, these are estimates only and are not guaranteed. Additional taxes and [...]
Customers can use the price estimator to check the exchange rates and fees, however, these are estimates only and are not guaranteed. Additional taxes and fees may apply.
Q and A Selection
Q: “How do I register for a CurrencyFair personal account?” A: It’s quick and simple to register for a CurrencyFair account. To get started opening [...]
Q: “How do I register for a CurrencyFair personal account?”
A: It’s quick and simple to register for a CurrencyFair account.
To get started opening a personal account, just click ‘Sign Up’. Signing up is easy, we’ll just need some basic identification documents so that we can electronically verify your identity. This is to comply with standard regulatory requirements in each territory that we operate in.
To learn more about what documents we may require to activate your account, visit our support centre.
If you would like to open a business account, please click here to open a CurrencyFair Business account.
Q: “Is my money safe and secure?”
A: CurrencyFair has the necessary authorisation in every territory we operate in and customer funds are segregated and held in top tier international banks. CurrencyFair is fully regulated in Australia by the Australian Securities and Investments Commission and in Europe as a Payment Services Provider by the Central Bank of Ireland. CurrencyFair is also fully regulated in Singapore by the Monetary Authority of Singapore (MAS) under the Money-Changing and Remittance Businesses Act (Cap. 187) and is a licensed Money Service Operator in Hong Kong. In the UK CurrencyFair is registered with the Financial Conduct Authority (FCA) under the Temporary Permissions Regime (TPR), registration number FRN 522602. CurrencyFair (UK) Limited is in the process of applying for an electronic money institution license with the FCA.
Q: “How long do international transfers take?”
A: Many of our international transfers are completed within 24 hours. Deposits and transfers of GBP can occur within one hour using Faster Payments (with participating banks). As we have local bank accounts across the globe, international transfers for many currency corridors on our platform are treated as domestic “local” transfers, saving you time and money. This varies depending on the currency corridor you have selected.
Q: “How does CurrencyFair’s pricing work?”
A: There are no charges to set up your CurrencyFair account. We also don’t charge a monthly fee or premium. Once your money has been exchanged, we charge a small flat-fee of €3 (or currency equivalent) when you send money or Transfer Out from your CurrencyFair account. When you exchange currencies on our platform, CurrencyFair adds a small margin. The percentage varies depending on the currency but is typically around 0.53%.
Compliance and Legal Info
CurrencyFair is a regulated Payment Institution fully authorised by the Central Bank of Ireland pursuant to Regulation 18 of the European Union (Payment Services) Regulations [...]
- CurrencyFair is a regulated Payment Institution fully authorised by the Central Bank of Ireland pursuant to Regulation 18 of the European Union (Payment Services) Regulations 2018.
- CurrencyFair Ltd is regulated by the Central Bank of Ireland. CurrencyFair Limited is registered with the Financial Conduct Authority (FCA) under the Temporary Permissions Regime (TPR). Registration Number is FRN 522602.
- CurrencyFair (UK) Limited is in the process of applying for an electronic money institution license with the FCA.
- CurrencyFair Singapore Pte Ltd is a regulated Money Changer and Remittance Company fully authorised by the Monetary Authority of Singapore under the Money-Changing and Remittances Business Act.
- CurrencyFair Australia Pty Ltd (ABN 94 147 506 410) is regulated by the Australian Securities and Investments Commission (“ASIC”), AFSL No. 402709. CurrencyFair Limited (ARBN 154 043 455) has been appointed as a Corporate Authorised Representative No. 419450 by CurrencyFair Australia Pty Ltd. CurrencyFair Limited is regulated (fully authorised) by the Central Bank in Ireland under the European Communities (Payments Services) Regulations 2009.
- CurrencyFair Limited, Hong Kong Branch, and CurrencyFair Limited are licensed as a Money Service Operator under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615 of the laws of Hong Kong). CurrencyFair Limited is regulated (fully authorised) by the Central Bank in Ireland under the European Communities (Payments Services) Regulations 2009 and as Payment Institution under Regulation 18 of the European Union (Payment Services) Regulations 2018 (the ‘Regulations’).
- In the US, CurrencyFair Limited administers its services on behalf of our banking partner CFSB; CurrencyFair users residing in the US should refer to their Terms and Conditions before making any financial decisions.