Table of contents
Competitive Exchange Rates
CurrencyFair offers exchange rates that are often more favorable than those provided by traditional banks, helping users save money on international transfers.
Low Fees
The platform typically charges lower fees compared to conventional banking methods, making it a cost-effective option for transferring money internationally.
Peer-to-Peer Marketplace
CurrencyFair offers a unique peer-to-peer currency exchange marketplace, allowing users to set their own rates and potentially achieve better deals.
Regulated and Secure
CurrencyFair is regulated by financial authorities in multiple jurisdictions and implements strong security measures to protect user funds and data.
Fast Transfers
The service aims to complete transfers quickly, often within one to two business days, depending on the countries and currencies involved.
They only support bank wire transfers or transfers via currencyfair which is cheaper and quicker than a bank transfer. Their conversion rate is really nice (at least for EUR/ USD) but you will be charged an extra 20$ per transaction because of a 3rd party bank that comes into play. Source: over 2 years ago
Use either Currencyfair https://currencyfair.com/ or Wise https://wise.com/. I have used both and I have a slight preference for Currencyfair for one-off transfer. Source: over 2 years ago
CurrencyFair -- Earn €20-200 Per Transfer -- https://currencyfair.com -- Finance. Source: almost 3 years ago
I should be much cheaper for you if you use sites like wise.com or currencyfair.com or other similar. Also change rate in ING might be different for others. Source: over 3 years ago
In the Netherlands, many places do not accept credit cards. They accept Dutch debit cards, or cash. Cash is not commonly accepted either. It's weird, it's annoying, but I recommend applying for a debit card ASAP upon arrival. ING or ABNAMRO are the primary options, both suck, but it is what it is. The best rate for transferring money has been https://currencyfair.com/ imo. Source: over 3 years ago
With Wise and IBKR am I right to assume that they have NZ bank accounts? So one transfers $ from a NZ bank acc. To i.e., Wise's NZ bank acc. And then from Wise's AU bank acc into one's own AU bank account? Just asking because I saw that currencyfair.com asks you to transfer NZ$ to a British acc first - which I assume would result in significant fees probably? Source: over 3 years ago
There are many sites for sending FX efficiently - I mostly use transferwise.com but you can use currencyfair.com or Revolut & many others....take your pick. Source: about 4 years ago
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