Whether it’s sending cash to a circle of family members or buying assets, Array CurrencyFair has you covered.
CurrencyFair was introduced in Ireland twelve years ago and has since expanded globally to help consumers around the world send and get cash at higher and less expensive exchange rates than banks.
Some providers hide payments in their exchange rate or make data hard to find, however, on CurrencyFair, the payment is only $4 (or the equivalent in currency), no matter how much you send. To make things even better, new consumers get their first five free transfers!
If you’re thinking about buying an assetsArray, you can avoid large increases in exchange rates by buying and promoting real estate thanks to CurrencyFair’s low-margin exchange rates (FX).
This is what John, a visitor to CurrencyFair, did when he needed to move cash to buy a space away from home under the Spanish sun.
“I started using CurrencyFair many years ago when I was in Australia,” says John. “My friends had used it and it overlooked banks that charged exorbitant fees for moving the budget combined with uncompetitive exchange rates.
Since CurrencyFair has local bank accounts around the world, the maximum number of foreign transfers on its platform are treated as domestic transfers, allowing you to save time and money.
Having used CurrencyFair in the past to send cash to his daughter in the UK, John knew he could save money when it came time to sign the final papers and move the budget to Spain to buy a holiday home.
“Over the past 8 to 10 years, I have used CurrencyFair a lot to move the budget from Australia to the UK and Spain and, more recently, I collected my pension in Australia, sold my space and moved the budget first to Spain and then from Spain to the UK. “
“I think the main difference between CurrencyFair and a bank is that CurrencyFair has a very smart communication formula so that the user knows precisely where the budget is and what amounts will be earned, as well as the time allocated. “
CurrencyFair was officially introduced in the US. In April this year and now you can create an online account or download the CurrencyFair mobile app.
Learn more about CurrencyFair on their website and check out the latest updates on Facebook and Twitter.
Related: Australia, Canada, Irish American, Moving to Ireland