If you are looking for an affordable and safe way to transfer funds from one country to another, you can select CurrencyFair or Ria. Both companies provide better fund transfer experiences compared to most banks, while also giving you the ability to save some money.
Taking the Ria vs. CurrencyFair comparison to Trustpilot shows what customers of both companies have to say. Ria has received mixed reviews. While some of its customers are more than happy with the company, others and none too pleased. It averages at 7.3 out of 10. Customers of CurrencyFair, on the other hand, rate the company consistently well – its score standing at 9.6 out of 10.
Before you pick Ria or CurrencyFair, it is important that you take some time to understand how these companies differ in their operations. This comparison is divided into different parts so you can make your decision easily:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Overseas Money Transfer Fees
This section of the CurrencyFair vs. Ria comparison does not produce a clear winner because both companies follow different fee structures. In comparison to the big banks, fees both companies charge are noticeably lower.
- Whether or not your transfer finds a match has a bearing on CurrencyFair fees.
- With a transfer that finds a match, you pay 0.25% to 0.3% of the transfer amount plus a flat €3 fee.
- Transfers that do not find matches attract 0.4% to 0.5% of the transfer amount plus €3 as fees.
- On average, CurrencyFair charges €3 plus around 0.4% of the transfer amount in fees.
- You get to make express deposits by paying an added fee.
- The fee you have to pay depends on the destination country and payment method.
- Paying through an electronic bank transfer attracts little or no fees.
- Paying with a debit card is more expensive, and using a credit card is the most expensive.
- You can find out how much your transfer will cost by using the Ria price calculator.
Ease of Use
If you want website access in a language other than English, the Ria vs. CurrencyFair summary below will help. Completing the initial online application with both companies takes no more than a few minutes. However, you cannot use your new account to transfer funds until the verification of your details is complete.
- You can access the CurrencyFair website in English, French, and German.
- The company accepts payments via electronic bank transfer from its international customers.
- You may make express deposits by using Mastercard or Visa debit cards in different European currencies.
- BPAY payments are accepted from Australia.
- The company provides apps for Android and iOS.
- Exchange Rate Alert – A new feature for CurrencyFair.
- You can view the Ria website in English and Spanish.
- You can transfer funds online or by visiting a storefront.
- Depending on the destination country, the recipient can receive transferred funds directly into a bank account, by visiting a cash pick-up center, or through courier delivery.
- You can send a maximum of $2999.99 per transfer, per day. A monthly limit of $7,999.00 also applies.
Regular Overseas Payments
Picking CurrencyFair or Ria is easy if you plan to transfer funds regularly. While CurrencyFair lets you schedule regular transfers, Ria does not.
- Save money by using the CurrencyFair coupon for free transfers.
- Is CurrencyFair’s competition up to the task?
- View a CurrencyFair Video Review.
- Check out this YouTube CurrencyFair Video on activating your Coupon!
- Who are the alternatives to CurrencyFair? Found out here.
- Click here to read more about Money Money Transfer Competitors and Alternatives.