CurrencyFair

CurrencyFair offers currency exchange, international transfers and currency payments to private individuals and companies. The website claims transfers to more than 150 countries and support for over 20 currencies, although availability depends on the jurisdiction and the full list is not given.

Fees The company advertises no account setup fee and no monthly fee. A transfer-out fee of EUR 3 or equivalent applies, and the FX margin is typically around 0.53%, varying by currency.

Speed and channels Many transfers are completed within 24 hours. GBP deposits and transfers may arrive within one hour through participating Faster Payments banks, depending on the corridor. Channels are local bank transfers and UK Faster Payments.

Integration An Open Banking developer page is published. The service language is English, and the service is described as a product provider whose entity and partner allocation require contract-level review.

Who it suits The pricing model, a small fixed fee plus a visible margin, makes it comparable with other low-cost transfer services for regular senders. Exact fees for a currency pair should be checked at the time of the transfer.