Both CurrencyFair and Currency Solutions are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
CurrencyFair | Currency Solutions | |
Homepage | ![]() | ![]() |
Transfer Fee | £2.50 (UK) €3 (EU) Currency equivalent for other currencies. | £10.00 fee for transfers below £3,000; £0.00 fee for transfers above £3,000. |
Average Exchange Rate Markup | 0.0045 | 0.5% – 1% |
Minimum Transfer Amount | £7 (or currency equivalent) | £100 |
Maximum Transfer Amount | 10,000,000 (same in every available currency). | No limit for transfers over the phone Online transfers £20,000 for personal accounts £50,000 for business accounts |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
CurrencyFair | Currency Solutions | |
Trustpilot Rating | 4.3 | 4.7 |
Number of Trustpilot Reviews | 6,800 | 2,500 |
iOS App Rating | 4.4 | N/A |
Number of iOS App Reviews | 80 | N/A |
Android App Rating | 2.6 | N/A |
Number of Android App Reviews | 950 | N/A |
Features
CurrencyFair | Currency Solutions | |
App Transfers | Yes | No |
Online Transfers | Yes | Yes |
Phone Transfers | Yes | Yes |
In-person Transfers | No | No |
Available Countries | 150 | 160 |
Number of Currencies | 20 | 40 |
Payment Methods | Bank account | Bank account Debit card |
Receiving Methods | Bank account | Bank account |
Cash Pickup Option | No | No |
Payments Flexibility | Web platform Mobile app Phone | Web platform Phone |
Supported Languages | English, French, and German | English |
Transfer Speed | 0-5 days | 3 hours-2 days |
Dedicated Dealer | Only for business clients | Yes |
Instant Custom Quote | Yes | No |
Business Features | Spot contracts Forwards contracts Market orders Digital multi-currency wallet Rate alerts API integration | Spot contracts Forwards contracts Market orders Options contracts Risk management Recurring transfers API integration |
Debit Card | None | None |
Cancellation Policy | Only possible as long as the money transfer hasn’t been matched | The company allows for transfers to be canceled and refunded if the transaction hasn’t been completed. Refunds may be subject to exchange rate changes and additional charges depending on the circumstances. |
Suitability | Small and large money transfers | Small and large money transfers |
Top Rated Money Transfer Service
Company Comparison
CurrencyFair | Currency Solutions | |
Year Founded | 2009 | 2003 |
Headquarters | Dublin, Ireland | London, UK |
Other Office Locations | Newcastle (Australia), Nutfield (the United Kingdom), Singapore, and Kwun Tong (Hong Kong) | Amsterdam (the Netherlands), Dublin (Ireland), and Paphos (Cyprus) |
Annual Trading Volume | $300 million | £1 billion |
Number of Employees | 156 | 70 |
Number of Clients | 150000 | 150000 |
Regulatory Institutions | FinCEN in the USA FCA in the UK ASIC in Australia Central Bank of Ireland in EU MAS in Singapore CED in Hong Kong | FCA in the UK |
Awards | Best of Show (Finovate Asia, Singapore, 2012) Most Insightful and Intriguing Internet Innovation (IIA Dot IE Net Visionary, 2013) TNW’s Irish Startups (2013) one of the Best Middleweight Start-ups (Europas, 2013) Excellence in Payments (FinTech Australia, 2017) Top 20 Fintech Companies in Ireland (Irish Tech News, 2017) Fintech Startups in Europe to watch in 2018 (2017) Mozo Experts Choice Awards (Mozo.com.au, 2018) Top 100 Startups to watch in 2018, Silicon Republic (2018) Top 10 Startup Winner for Best Employer (LinkedIn, 2018 and 2019) Spiders Award for Best in Fintech (2019) 5-Star Rating for Outstanding Value International Money Transfers (Canstar, 2019) | The Best Currency Transfer Provider (Trade Finance Global Currency Awards, 2016) Top-rated International Money Transfer Provider (Trustpilot, 2017 – 2020) |
CurrencyFair Pros & Cons
CurrencyFair Pros
- Competitive exchange rates
- Excellent customer service
- Instant personalized quotes
- Impressive Trustpilot score
- Wide-reaching service coverage
- Quick international transfers
- Alerts for exchange rate changes
- Fixed fee for money transfers
- Awards for superb performance in the financial sector
- Can handle both large and small money transfers
CurrencyFair Cons
- Lack of personal account managers for individual users
- Limited options for transfer funding
- No cash pickup service
- Narrow range of supported currencies
- Poor user rating for the Android mobile app
Currency Solutions Pros & Cons
Currency Solutions Pros
- Outstanding customer support
- Impressive Trustpilot rating
- Fee-free transfers for larger amounts
- Competitive exchange rates
- Service availability in over 160 countries
- Robust currency offerings with support for 40+ global currencies
- Longstanding industry experience
- Quick fund transfers
- Advanced business FX features, including market orders and options contracts for effective currency risk management
- Personalized service through dedicated account managers
Currency Solutions Cons
- Charges apply for smaller transfer amounts
- Lack of a mobile application
- Limited availability of exotic currencies
- Lack of an instant quote feature
- Customer support is not available around the clock
Top Rated Money Transfer Service
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