Whether it’s getting your pension into your local bank account each month, or receiving a salary from another country, CurrencyFair has made the whole process easier and a lot less expensive.
CurrencyFair allows you to set up details of a regular transaction that when in place, and once your funds have cleared, sees your funds transferred to your bank account without the need for you to do anything further.
You’ll be able to avoid the hassles of online banking every month whilst getting the same excellent CurrencyFair exchange rates as usual.
Setting up a recurring transaction with CurrencyFair is easy
After signing in and clicking on the Recurring Transactions button you need to say where the money is coming from and where you want to send it to.
Then you need to provide the amount you’re going to deposit and the date on which that money is expected.
Once you’ve done that, sit back and CurrencyFair will take care of the rest.
As soon as your money is in the exchange is made at the best rate possible and you will receive an email to confirm when it’s all done and confirm your rate and the amount sent.
If there are insufficient funds on the date you requested the recurring transaction to happen, or it falls on a weekend or bank holiday, CurrencyFair will continue to try to perform the exchange and transfer for up to four business days after the specified date.
If sufficient funds are not received in that time, that month’s transaction will be cancelled and CurrencyFair will try again the following month.
Should you need to make regular international money transfers I advise staying away from the High Street banks and enjoy the savings, and service, at CurrencyFair instead.