Last reviewed: · Curated by Ohmyfin Organisation editorial.
CurrencyFair runs a peer-to-peer FX marketplace — you match with another user wanting the opposite currency exchange, both get better rates. Settlement to destination is via bank rails (SEPA / SWIFT). When the destination requires SWIFT, request the UETR from CurrencyFair support — Ohmyfin shows live status.
What is CurrencyFair? CurrencyFair runs a peer-to-peer FX marketplace — you match with another user wanting the opposite currency exchange, both get better rates. Settlement to destination is via bank rails (SEPA / SWIFT).
How CurrencyFair settles cross-border payments: Peer-matching marketplace plus SEPA / SWIFT / local rails for funding and payout. This means CurrencyFair sometimes uses SWIFT. Payouts to bank accounts outside SEPA or in non-EUR currencies often route via SWIFT.
Tracking a CurrencyFair transfer: In-app transaction reference; UETR for SWIFT payouts via support.
CurrencyFair pricing — €3 flat fee per transfer + variable FX margin (peer-matched can be near-zero).. Typical speed — 1-2 business days typically.. Coverage — 20+ currencies, 150+ destinations..
Why Ohmyfin matters for CurrencyFair users: When the destination requires SWIFT, request the UETR from CurrencyFair support — Ohmyfin shows live status. Ohmyfin is an independent payment-status search service — we are not affiliated with CurrencyFair in any way, and we do not need access to your CurrencyFair account. Free for ordinary users worldwide.
For non-SEPA payouts and many non-EUR currencies, yes. SEPA-routed EUR payouts inside the EEA don't use SWIFT.
CurrencyFair matches you with another user wanting the opposite trade (e.g. you converting EUR→GBP, they're converting GBP→EUR). When matched, FX cost is essentially zero — only the €3 transfer fee.
CurrencyFair app shows status. For SWIFT-routed payouts, request the UETR and check on Ohmyfin.
Yes — authorised by the Central Bank of Ireland as a Payment Institution.
SEPA payouts: same-day if before cutoff. SWIFT payouts: 1-3 business days.
Only before it's been matched and released. Once executed and sent, cancellation depends on the destination rail.
Wise is faster and has a slicker app for most users. CurrencyFair can be cheaper on the peer-matched FX for less-common currency pairs.
Depends on verification — up to €5m for fully verified business accounts.
Yes — popular with SMEs needing multi-currency receivables/payables.
Yes for SWIFT-routed payouts with a UETR — 5 free lookups per IP per day.
No card needed. Free for ordinary users — 5 IP-based lookups per day, plus 100 credits instantly when you sign up with email. Use them on any international wire across 11,000+ banks.
Sign up free — get 100 credits Or try the tracker now →