CurrencyFair Money Transfer Rate - Currency Fair Remittance Payment
Banks and other financial institutions handle billions of money transfers on a daily basis. It has almost become a
common habit among people to transfer money from one bank account to the other or from one currency to the other. The high demand for money transfer services has led to more money transfer services. Currencyfair is one of those services that were created by pioneers in this industry so as to make it easier and cheaper to transfer money. If like many others wonder if you can count on Currencyfair to transfer money, here are things that will make you love this money transfer service.
Currencyfair website is 256-bit encrypted via SSL and VeriSign which gives you totally secure connections anytime and all the time. Also, Currencyfair uses biometric security to safeguard and store your data on a 24-hour basis. The company has factory-trained personnel who continually check and track your log-in activities so as to help safeguard you from malicious attacks and keep your data safe. They as well perform security checks on their system on regular basis in addition to upholding latest virus protection so as to keep you and your data safe always.
Currencyfair has two-factor authentication. The website requires you create a strong password and combine it with two-way verification. This clearly means, in order to be given access to your account when transferring money, you must enter your password correctly and the verification code that will be sent to your mobile device.
In order to successfully create an account with Currencyfair, you ought to provide a relevant User Name, strong
password and give easy-to-remember but hard to hack answers to three security questions that will be provided to you. After successful creation of the account, you will be provided with a 6 digit PIN that you will need to use in
order to confirm your identity when suspicion login or transfer attempts are made on your account. This means that it will not be easy for a stranger to log into your account and make transfers without your consent.
CurrencyFair can save you 90% on your international transfer fees!
On average currency fair will charge you 35% of the amount exchanged plus a fixed €3 transfer fee
CurrencyFair is a marketplace, so the exchange rates are set by its users.
CurrencyFair charges 0.15% of the total amount exchanged when customers match each other. In the event that there are no customers providing a competitive rate for your exchange, CurrencyFair will step in and match with you. This results in a charge of 0.4% to 0.5% of the amount exchanged. So depending on which way you're exchanging, and the activity on the marketplace at that time, you'll pay anywhere from nothing (0%) to 0.5%, plus a fixed €3 transfer fee. In fact it's possible, with CurrencyFair, to pay less than nothing. In other words, get a better exchange rate than the true interbank or wholesale rate at the time!
CurrencyFair Remittance Payment
On average, customers at the moment pay around 0.35%, however as more and more people use CurrencyFair, this average rate will decrease.
CurrencyFair Money Transfer Rates
Open a Currencyfair Account. you have chosen to open a Currencyfair.com account. Please ensure you meet the following points as this will make your application more likely to be approved.
Please ensure that your personal details include
Proof of address,
Provide passport as ID
Your daytime phone number
Confirm their terms and conditions.
- Proceed With Your Application
Please note that all quotes are free with no obligation to trade.
These points are simply a guide to the minimum acceptance criteria for Currencyfair.
Please ensure you read their terms and conditions and see a full list of terms.
A money transfer can only be completed once an account is opened.
Please note that currency exchanges under £5000 incur a transfer fee of £3.00