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CurrencyTransfer Reviews

About CurrencyTransfer

We let you ditch the banks and wave goodbye to unfair hidden fees. Save up to 85% on your international payments.

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Pros:

The rate being offered has saved me a lot of money.

Cons:

Cant trade on sunday- this was a little inconvenient at times.

CurrencyTransfer ratings

Average score

Ease of Use
4.1
Customer Service
4.1
Features
4.1
Value for Money
3.8

Likelihood to recommend

7.3/ 10

CurrencyTransfer has an overall rating of 4.1 out 5 stars based on 15 user reviews on Capterra.

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Filter reviews (15)

Martin
Martin
Founder in UK
Verified LinkedIn User
Wine & Spirits, Self Employed
Used the Software for: 1+ year
Reviewer Source

An excellent experience

5.0 7 years ago

Comments: Excellent. Currency transfer enables me to easily send payments overseas from the fairly small to very large.

Pros:

The best thing about Currency Transfer is the customer service. The customer support has been a great help from the beginning both getting started and advising on how to get the best out of the service. I have also been really well looked after by the rest of the team. The service itself is simple and quick yet makes the responsibilities of the customer clear. Very user friendly. The rates are competitive and again very clear. I would heartily recommend the service.

Cons:

The only issue i have had is with the bank account changing three times in the last year. When sending large amounts this gives pause for thought. However, the guys at currency transfer were able to explain the changes to my satisfaction.

Tariq
Tariq
HAPPILY RETIRED in US
Verified LinkedIn User
Telecommunications, Self Employed
Used the Software for: 2+ years
Reviewer Source

Mainly positive

5.0 7 years ago

Pros:

Good rates but could be better.

Cons:

The last used Sell/Buy currencies should be left as default. I should not have to select the currencies every time.

maurice
ceo in France
Retail, 11–50 Employees
Used the Software for: 1-5 months
Reviewer Source

328 000 Euros blocked

1.0 6 years ago

Pros:

i realy want to say something good but my experience is actualy so bad

Cons:

i have an business account with 188 000 Euros, soon the amount will be 328 000 because some customers sent already ... currencytransfer.com team said me that i can recieve money but not put outside, and not withdrawal, because they have "technical problem", we wait next week to see whats happen, if they not unlock us we will complain to the authority ...

Michael
Michael
Founder in UK
Verified LinkedIn User
Education Management, 11–50 Employees
Used the Software for: 6-12 months
Reviewer Source

Very good but currency transfer take a bit of time.

4.0 7 years ago

Comments: It is useful as it saves money and its daily emails keep me thinking about the impact of currency rates on my business everyday. I also like follow up calls from someone at currency transfer if I am getting quotes often. What I don't like is that trades seldom arrive on time. This hasn't become a big problem yet, but has prevented me from doing any trade over 100k.

Pros:

The software is near perfect. I like that it is easy to use and that it shows me GBP/USD and USD/GBP when I am making the trades.

Cons:

It is always asking me to put in the details of a new beneficiary. I can't use the service until I do. So I have three entries of the same beneficiary. This is annoying.

Erez
Erez
Co Founder and CEO in Australia
Verified LinkedIn User
Financial Services Software, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Easy, cost saving, and with a dedicated support team

5.0 7 years ago

Comments: Amazing, fast and helpfull.

Pros:

I've been using Currency transfer for the past couple of years, and the team is just amazing responsive and helpful, even when I make mistakes or have the bank delay a transaction be a day for no reason. Highley recommend.

Cons:

Need to trade during the time the markets are open, I would prefer sometimes to have the ability to schedule a transfer in advance.

Verified Reviewer
Verified LinkedIn User
Environmental Services, 11–50 Employees
Used the Software for: 2+ years
Reviewer Source

Sending funds abroad quickly and efficiently

5.0 7 years ago

Pros:

Lean platform, clear and rather transparent.

Cons:

All worked out smoothly, so no major grievance.

Amy
Financial Controller in UK
Consumer Electronics, 11–50 Employees
Used the Software for: 6-12 months
Reviewer Source

Lack of up to date information

4.0 7 years ago

Comments: We regulalrly buy USD to pay a supplier in the Ukraine. The last time we did this we ended up not being able to pay the supplier as you had withdrawn payments to the Ukraine. However this wasn't communicated to us and we had already paid a substantial amount to make the purchase. The account remained with the purchase but the payment never cleared to our supplier and I had to chase up on several occasions what was happening to the funds.

Pros:

It was easy to use and seem-less for recording the transactions

Cons:

No issues with the software, it was very easy to use.

Parm
Parm
Owner in UK
Verified LinkedIn User
Computer Hardware, 2–10 Employees
Used the Software for: 1-5 months
Reviewer Source

Best currency transfer service I have used

5.0 7 years ago

Pros:

Very easy to use. Straightforward easy to use menu. Zero confusion / hassle

Cons:

Would be grate if you could download a PDF with receivers bank details which can be sent to receiver to show payment is on its way.

Verified Reviewer
Verified LinkedIn User
Libraries, 201–500 Employees
Used the Software for: 6-12 months
Reviewer Source

Very happy

5.0 7 years ago

Comments: very happy!

Pros:

Very easy to use ! The platform was very user friendly

Cons:

cant trade on sunday- this was a little inconvenient at times

Verified Reviewer
Verified LinkedIn User
Wholesale, 2–10 Employees
Used the Software for: 6-12 months
Reviewer Source

Great rate

5.0 7 years ago

Pros:

the rate being offered has saved me a lot of money

Cons:

how quick the offer expires to confirm it

Daniel
Mr in Israel
Real Estate, 11–50 Employees
Used the Software for: 1+ year
Reviewer Source

Feedback

2.0 7 years ago

Pros:

It is intuitive and easy to use. I think that it works well

Cons:

I have had a number of issues on delivery of funds whilst getting good support from the CT team did not same support from London

philip
ceo in Israel
Financial Services Software, 2–10 Employees
Used the Software for: Free Trial
Reviewer Source

bumpy

3.0 7 years ago

Comments: cost effective. but sometimes you want to pay more and be sure the moneys arrive at destination on time

Pros:

once both accounts approved (from - to ), the process goes through smoothly as of my single experience

Cons:

the approval process KYC, Money Laundering processes Business accounts, forget it, you won't get approved unless you're very lucky

Antony
Director in Israel
Investment Management Software, Self Employed
Used the Software for: 1+ year
Reviewer Source

Currency Transfer

4.0 7 years ago

Pros:

It is clear, straightforward and easy to use

Cons:

To be honest, I really have no complaints. Excellent software.

MIguel
Sales in Spain
Information Technology & Services, 2–10 Employees
Used the Software for: 6-12 months
Reviewer Source

Good but a bit more expensive than competitors

5.0 7 years ago

Pros:

The good customer service we received by phone.

Cons:

Exchange costs on different currencies. We found more competitive services

Sunday
Supervisor in UK
Construction, 501–1,000 Employees
Used the Software for: 1-5 months
Reviewer Source

Good service

4.0 7 years ago

Comments: It saves money for me both in exchange rate and free transfers

Pros:

It is easy to use, and I understood how to us it quickly

Cons:

It sometime take longer than expected to load