Are there any fees for sending money into CurrencyFair? How much does CurrencyFair charge as fees for receiving your money via a bank transfer?
Are there any fees for sending money into CurrencyFair?
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CurrencyFair does not charge any fees to receive your money via a bank transfer. Please ensure that you inform your bank that you want the money sent in the currency of the CurrencyFair account i.e. when sending funds to CurrencyFair by online bank transfer, phone or in-branch you must make sure that your bank does not exchange your funds.
You have to also note that depending on where you are sending from/to, there may be bank fees associated with your transfer. If any of the accounts that you are sending from/to are held in non-local currencies, for example, a USD account held in the UK, you can expect a fee to be taken by the sending bank and/or an intermediary bank. Typically, these fees are in the region of 25 USD (or equivalent), but they can vary.