So you’d like to know more about CurrencyFair fees? This question is quite easy to answer. The fees come in two forms:
- A per transaction
- A percentage charge of the amount exchanged – between 0.15% and 0.5%
Per Transaction Fee
The upfront per transaction cost is 3 Euro. This is a fixed fee and does not change no matter the size of your transfer. If you are transferring in currencies other than the euro you will be charged the whatever 3 Euro equivalent is in the currency you are transferring from. This currency fair fee is charged during your transaction and so is deducted from the total amount you receive in your destination currency.
There is a CurrencyFair promo code available here, that gives you free transactions. It may only be 3 Euro per transfer but every cent counts! This promo code is only applicable to new signups. Follow the signup link on the CurrencyFair promo code web page, signup, and enter your code on the account activation stage of the CurrencyFair signup process.
Check the fee table below for the listed per transaction cost in your currency.
|Currency||Cost of Transfer|
|Pound Sterling||GBP 3.00|
|UAE Dirham||AED 15.00|
|Swiss Franc||fr. 4.00|
|Czech Koruna||Kc 75.00|
|Danish Krone||Kr. 25.00|
|Hong Kong Dollar||HK$ 25.00|
|Hungarian Forint||1,000.00 Ft|
|Norwegian Krone||kr 25.00|
|New Zealand Dollar||$5.00|
|Polish Zloty||zl 10.00|
|Swedish Krona||30.00 kr|
|South African Rand||R 25.00|
The percentage deducted is in the form of a commission and it applies to the amount exchanged. The reason the percentage varies is because CurrencyFair offers two ways to exchange currency. The Auto Transaction method charges between 0.4% and 0.5%. The unique peer to peer currency exchange method will apply a 0.15% if your trade is matched by a peer. If your trade is not matched, CurrencyFair will step in and match you applying the Auto Transaction fee. This commission is built in so the converted currency amount you are offered is what you will receive. As the fee can vary depending on your method of conversion, the company advertises that the average fee is approximately 0.35%. That’s a good deal. Read more amount the currency conversion options available in an extensive CurrencyFair review.
So there you have it. A quick rundown on CurrencyFair’s fee structure.
Visit the CurrencyFair Fees breakdown page on CurrencyFair’s own website. Also, feel free to leave a comment below by clicking on the feedback button below (the button to stop the spam!).
- Read a comprehensive CurrencyFair Review.
- Get your CurrencyFair Coupon for free transactions.
- Check YouTube to register and activate your account in under 3 minutes!
Please feel free to leave a comment or add your own review.