Transfer Money from the UK Using Our FairPay Service

FairFX has now taken its revolutionary approach to foreign exchange to the next level, offering clients the functionality to transfer money abroad with the release of its new International Online Payments facility.

Clients can now transfer money from the UK to any number of beneficiaries (family, friends and range of commercial enterprises or organisations). The facility offers a simple, transparent and automated approach to making smaller wire transfers more efficient and convenient. Clients can transfer any amount from our minimum transfer (varies from currency to currency, from around £600) up to our maximum £50,000.

To make your first FairPay payment, just click here.

To see full details of our current FairPay rates as well as the minimum transfer sizes, click here.

If you need to send smaller amounts, you may be interested in our FairFX Currency Cards; for example, you may be able to apply for a FairFX Family and Friends card for the recipient, which you can transfer money to from your own FairFX Currency Card. For full details, click here.

If you have a requirement to make an international transfer of £25,000 or more, you can discuss this with one of our FX specialists to achieve an optimal market rate. Our dealing team can be contacted on:

FairFX Dealing desk: e-mail: fxdesk@fairfx.com or phone: 0207 778 9300

For Corporate applications please contact the dealing desk directly.

• Free international transfers at outstanding exchange rates! FairPay offers business level Foreign Exchange rates with no additional fees for the transaction. (But please see important note below about fees charged by banks)
• Competitive online exchange rates - Transfer funds at business level rates of foreign exchange.
• Low minimum transfer size - Transfer from as little as £600.00 (varies by currency)
• Fast and Convenient - All onward payments are processed on the day FairFX receive the cleared funds into our bank account. Onward payments generally take 1-3 business days to pass through the banking system. Beneficiary details are saved on the FairFX system for future use if making repeated payments to the same account.
• Transparent - The rate you see is the rate you get. You always know what you are paying as you see the total cost before confirming your transfer.
• Settlement can be made by debit/credit cards as well as electronic transfer.
• Secure Online Payment Facility - FairFX employs the latest in security and encryption technology to ensure your transactions remain private and secure.
• Available 24 hrs a day, 7 days a week - Set up an online payment at any time of the day.

Individuals:

• Transfer Euros or transfer US dollars to family and friends in another country.
• Pay organisations in their local currency for purchases.
• Purchase foreign investments in local currencies.
• Pay one-off or regular international mortgages / bills

Businesses:

• Purchase foreign goods and services.
• Pay international expenses e.g. overseas mortgages
• Invest in foreign assets

For further information, please e-mail our Online Payments team - enquiries@fairfx.com

* Provided cleared funds are received prior to our midday cut-off.

Simply go to the home page and click on "FairPay", or click here now!

FairFX will not charge you any payment fees/sending fees for your transfer. All costs to the customer are included in the market leading foreign exchange rate offered. FairFX will execute your payment in full and on time, provided you have completed all the necessary information correctly.

When sending money abroad, some correspondent banks/receiving banks will debit additional fees (together with any applicable taxes), and deduct these from the amount they credit to the beneficiary account. This is most prevalent in US Dollars (US$), both into the USA and to other countries, but it can occur in any currency/country combination.

Please also ensure that the account that you are sending money to is in the same currency as the transferred amount (e.g. send US$ to a US$ denominated account) otherwise you will incur additional conversion charges from the recipient bank.

Please note - FairFX has no control over these practices or the costs involved. Accordingly, please check with the receiving bank prior to completing your transfer.

At the moment our online FairPay service lets you transfer money from the UK to the following countries which use the euro or US dollar:

Australia, Austria, Belgium, Canada, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands (Holland), New Zealand, Portugal, Slovakia, Slovenia, South Africa, Spain, Switzerland, USA (United States of America and other countries that use the US Dollar as its primary currency).

Click here to get started.

N.B. If you need to transfer money to any other country, please email us at enquiries@fairfx.com.