Western union does allow money transfers from Kuwait to Canada and from Canada to Kuwait – Start Here

Western Union Money Transfer Kuwait

Kuwait is known as State of Kuwait and it is an Arab Country that is situated in Western Asia, whereas Canada is country that is situated in North America. It is a long way journey from Kuwait to Canada of approximately 10,109 KM.

That’s why the prime question that strikes in the mind is – What is the best way to transfer money from this Arabic country to that North American country which is at a long distance ahead? If you have your relatives, friends, colleagues or any one in Canada who is in need of money but you are in Kuwait, then how to transfer money quickly? You must be noticed something that for the money transfer process and especially for international money transfer, people prefer Western Union first and foremost.

What are the proper courses of action for money transfer from Kuwait to Canada via Western Union?

  • Spot your closest Western Union branch

    You have to first locate the Western Union branch in Kuwait and it is an easy work which can be achieved by just exploring in the internet. Then the rest of the processes are quite quick as well as simple.

  • Fill in the given form

    To the agency, you have to show your ID proof and it is mandatory. Then, you have to fill up the given form by an agent.

Now what is the complete process from here to that of money transfer?

  • You have to fill the given form in the agency. You have to mention the name of yours and the name of the receiver who is going to get the money you are transferring from Kuwait.
  • You have to mention Canada in the next box as the person you are sending money is in Canada and he/she is going to receive it there. You have to also state the city name where he/she lives like- Toronto or Ottawa or Montreal or any other places.
  • After providing your identity card the process regarding application will be completed. The ID card must be a Government Authorized one.
  • Then you have to hand the cash to the agent.
  • Get the receipt from the counter

    A Money Transfer Control Number (MTCN) is mentioned on the receipt, so keep the receipt carefully for future use. It is because; there are some countries, where the receiver has to present the MTCN No.

  • Track the whole money transfer

    You can easily track to know about the money transfer status by tools provided by Western Union. It can only be possible if you carefully keep your MTCN No. You can also track the money transfer status in the website of Western Union, where you can easily find the “Link for tracking” on the home page. Then, just type your name and the MTCN number, provided on the receipt.

Now, there may be another question that is being aroused in your mind which is- During what time you can transfer your money to Canada?

Due to the wide-ranging nature of Western Union, you can transfer money from Kuwait to Canada at any time but during the cited business hours. You have to just go to the agency and the agents will help you out with any sort of queries regarding the money transfer.

Generally, if you are at Canada receiving the money, the maximum chance is that you will get it as soon as possible, but sometimes the payment is done by payment card. But, before that it is recommended to inform the receiver about the transfer, the amount and other essential information like- the MTCN number and the complete name of yours and your country.

Money transfer process is trouble-free with Western Union’s modern approach with simplicity. You can easily send money from Kuwait to Canada and from anywhere to anyplace within just a blink.

Things to Know Before Moving to a New Country

There is a possibility that you have decided that you are going to move to a new country to work. You know that you should do it but at the same time, you are feeling a bit confused with the things that you have to do. Remember that it is okay if you already have your plane tickets ready. At the same time, you ought to make sure that you have packed your things properly. You need to make sure that everything is going to be okay.

Things to Know Before Moving to a New Country

You have to remember that if you are excited about the things that you are experiencing, there is a chance that you would like to make sure that you will keep that excitement because there is a very big chance that the moment you arrive at the new country, you will start to feel bad about the things that you have experienced.

Remember that going to a new place will take some time and adjustments but once you have already adjusted, you can be sure that you will be happy about it.

Here are the things that you have to think about first so that you will have better chances of being well adjusted in a new country.

  1. Make sure that you will already know the place where you are going to live. You have to make sure that you will find a place whether temporary or permanent wherein you can feel secure in. You would have to research about the different housing facilities that are available so that you can effectively choose the right one for you.
  2. Always think your home security system to keep your privacy from other people. Protect your home with good fences, gates and apply shutters in your windows. This may not important but make sure you get good quality shutters on reputable supplier at www.boardwalk.com.au.
  3. You have to become more familiar with the culture of the country that you are moving to. The culture of your country is always different from the new country that you are going to move into. It will be important to get to know about the culture even before you move in. This way, you will not become culture shocked when you are already there.
  4. Making new friends may be easy or hard for you to do but it will always be different for everybody. For instance, if you are an extrovert, you will find talking with other people easy so finding new friends will not be that complicated but you may also be an introvert but you have such a quiet present that people just become attracted to you.
  5. Transportation can be a bit complicated in the beginning. You have to remember that getting around the new country can be a bit complicated. Get to know the transportation modes ahead of time so that it will not be too complicated for you. You can learn more from here.

Once you get to know these things, you will feel better because you will be able to keep track of the things that you have to do.

4 Tips on Moving and Working Abroad

Before packing up your gears and moving overseas for better working opportunities, make sure that you are prepared for the lifestyle change ahead of you. A lot of hopefuls dream to make it successful abroad but fail to do the necessary preparations to secure their move. To make sure that this transition will be made easier, it is important to take the extra steps to get ready beforehand.

4 Tips on Moving and Working Abroad

Below are some simple tips on how to survive this major life challenge:

  1. Do some research first.

While there are some adventure seekers who genuinely enjoy discovering new places as they travel, this can be a bad idea when you are travelling for the purpose of finding a job. Moving abroad can be very tough because of all the adjustments you have to make. From the weather to the new language that you might have to learn, there are dozens of new things to add to your vocabulary. Figuring all these things before your move will give you a better idea on how to handle all the changes.

  1. Test the waters out.

One of the best ways to check out a new place is to go there as a tourist first. Sometimes research is not enough and you have to test the waters yourself to make a well-informed decision. There are other career seekers who end up regretting their decisions because they realize too late that they do not like the new place they are in. Taking some time to vacation in your new country will allow you to experience the new culture and place before fully committing to live there.

  1. Evaluate your finances.

Moving to a new place overseas can take a toll on your finances, even if you will be living in a simple country. Because of the lifestyle change and adjustment that you have to go through during the first few months, you might need a lot more money than you expected. Take some time to evaluate your finances first, especially if there is no job guarantee for you yet. Consider getting extra funding from sources outside of your savings account, like tax refunds. Naturally, don’t forget to take care of all the paperwork needed before you go. Once you have moved abroad, it will be a lot harder and also more expensive to fix financial papers and other legal documents.

  1. Stay in contact with family and friends.

One of the biggest challenges of moving to a strange new place is leaving the people you love behind in your old home. To avoid feeling that lonely feeling of being homesick, stay in close contact with your family and friends. Thankfully, today’s technology like smartphones and social media make it easier to communicate with anyone, no matter where they are. Your family and loved ones can also be worried about this major life change. No matter how busy your work schedule might get, make sure to always make time to talk to your family. This kind of habit will make you feel at home, even if you are far away from them.

DIY Tips For Home Renovations

The property value can usually be higher when home renovation is made. As for most home owners, they would like to renovate their homes so as to increase its value aside from the fact that they also want to improve the looks for their residence. By doing so, they can already keep up with the latest trends of the current generation. As for most people, getting the help of an expert or the home renovators suits them best. The reality is, this specific task can be costly particularly if you will opt to hire an interior designer to get the work done. Knowing the associated costs of renovations, several smart homeowners would just rather the Do It Yourself renovations. The process would be a lot more cost effective especially for those who have got the skill for crafts. When you think that you are up for the challenge to DIY home renovations, then you may want to check out some helpful tips below. Read more http://ezinearticles.com/?Home-Renovations-a-Place-to-Start&id=1385732


Effective Planning

To be able to renovate effectively, planning is an essential part of the process. It will give you the capability to budget accordingly right before the entire work begins. A project outline can be very helpful for the renovation task.

To set aside a certain budget is the foremost consideration of most people. A huge selling point of a home would be a nice looking bathroom and kitchen. This implies that these two areas must be where most of the budget should be allocated. As for the living room and bedrooms, the usual technique to make it look better is to have it repainted and adding a new carpet. These two methods are both inexpensive.

Talking to a realtor or home renovators can be advantageous before getting started with the renovations as they can give you tips on how to increase the value of your property.

Improvement is better than renovation

During the process of renovation, it is good to reflect if you want to replace or just reface something in your home. An example would be the kitchen cabinets. If it is still good and everything is fixed, you might just need to repaint it rather than to change the entire thing. Aside from repainting, changing the cabinet handle may also be a good idea.


The materials to be used would be the root of the biggest costs to renovate the home. To spend less, you may want to buy and transport your own materials. Having it outsourced to someone else may cost you delivery fees and other hidden charges. When you shop around on your own, you can select the best one that you prefer. You can also be able to see where to get the least expensive ones.

Additional help

There some renovation projects that you cannot do on your own and would require you to hire a contractor. This can be for the cabinetry, plumbing or electrical wiring improvement or replacement. With such, all you need to do is to find the one that can give you the preferred service within your budget range.

Requirements to Becoming a Bookkeeper

Bookkeeping is an essential task in running a business. It is what holds the whole company together, as bookkeepers keep a proper track of all the money that goes in and out of the company, something that is extremely important for a business. Without this, a business can easily incur massive losses, which is why it is a bookkeeper’s job to manage all the finances. Now, you must be wondering, what else does a bookkeeper do? They handle many other tasks as well, and if you’re a highly organized person who is good at dealing with numbers, then becoming a bookkeeper might be the job for you.

bookkeepingEducational requirements

To begin with, there really isn’t any minimum requirements to becoming a bookkeeper. However, if you do want to boost your CV, then doing GSCEs in English and Math as well as having any sort of computer skills would come in handy.

Once you start off as a junior, you will automatically gain all the skills that you need for the job, and you will be taught many different things, such as general office procedures, computer skills, etc. by highly trained and experienced people. You might also be sent to in-house training courses, or you might have to take professional qualification examinations.

For those that are serious about bookkeeping, they need to reach an AAT Technician level or a NVQ Level 4 to become a qualified technician in accounting. Once that has been reached, you will then be able to help accountants with the audits and produce financial reports. You can also receive many different qualifications if you’re interested, just to show that you’re serious about your job.

Necessary personality traits

Aside from being good with numbers, there are a few personality traits that might be necessary for the job or just good for career advancement in general, which are:

  • Good concentration
  • The ability to work accurately and quickly
  • The ability to maintain deadlines
  • Having an eye for tiny details
  • Being discreet, honest, and trustworthy

Other details about the job

This is a fairly balanced job where one has to work from 9 am to 5 pm, with your weekends being 2 days. There might be busy times where you will need to stay late and work. Most of the work will require you to answer enquiries and process different requests. If you’re interested but don’t want to work full-time, you can also work part-time or you could try job sharing.

For those that want to try it out but aren’t sure whether they want to commit to this line of work permanently, they can also work temporarily. Furthermore, freelance work as a bookkeeper is also an option. And for those looking into bookkeeping as a long-term opportunity, they can easily branch off into accountancy later on.

Bottom Line

Becoming a bookkeeper can be quite the rewarding job experience for those who want to move into accountancy. It is also a great opportunity for those that are level headed and enjoy dealing with numbers.

Why Is It Beneficial To Use Payroll Services?

One of the tasks that must be done repeatedly in an office setting that is likewise complicated and time consuming is the processing of payroll. This applies for any size of businesses that exists. Some of the processes included in the said task are computation of withholding taxes, salary, contributions to the government, determining the number of leaves, and many more. With all those in mind, it is no longer surprising to hear more and more business owners to simply turn to the use of payroll services. By doing such, the employees’ workload and costs can be reduced. Learn more at http://ezinearticles.com/?What-Is-the-Need-for-Outsourcing-Payroll-Services?&id=8619177Benefits

When external payroll services are used rather than the traditional in-house payroll, it was seen that about 50% of the total costs can be saved. It can help to get away with performing the major tasks like the requirement to hire a highly competent payroll manager, the need to purchase and update software and the like. Aside from the fact that payroll services can enable business owners to allocate most of their time doing other things, it can also assist with the business’ growth and development.

Payroll Services

Below are the other great benefits to get from having payroll services.

More time can be allotted to core functions development.

Knowing that more time will be freed up from doing payroll tasks, you and your people can focus on doing more beneficial and lucrative means for the company. This is one good reason why more and more industries are opting for this kind of payroll system. The hired company will be the one in charge of doing the tedious work over and over again. Thus, it minimizes stressful tasks.

No more headaches.

Like what was mentioned above, tensions will be minimized since there will be no more need to calculate for the payroll manually since the payroll service will give you the payroll assistance that you need in just a few clicks.

Penalties can be avoided.

If you have a reliable payroll service to back you up, you can prevent having any penalties related to the late submission of tax returns.

Operational costs can be decreased.

The operational costs can be reduced knowing that the external services will take care of the payroll matters. With such, you will no longer need to hire extra staff or to update any software that may be costly.

Get the peace of mind and assurance that you deserve.

Considering that the legislation continues to update and change without notice, the right way of processing of payroll has also become a challenge. With the price of commodities that are constantly increasing, it is also not a smart move to invest on software. Thus, the best way to get around with the ever demanding community that we have today is to hire a reputable payroll service. With such, you can ensure that your company will be in good hands as the payroll tasks are properly taken care of by none other than the experts of the field.

Buying Guide for Kuwaiti Americans: What You Need to Know About Pressure Washers

As a homeowner, you know how it is crucial to maintain a home. A well-maintained home provides a healthy environment, not just to you but to your entire family. But as a homeowner, you’re also aware that taking care of properties is not that easy, particularly that our homes are prone to stubborn elements, such as dirt, mold, mildew, stains, and rust. And add to that is our busy schedules, which make it really much harder for us to clean up, and have a nicer and healthier space for our family.

Fortunately, lots of useful equipment have been discovered to help homeowners take good care of their properties despite having busy schedules. And one of those is the pressure washer.

Pressure Washers

What is a pressure washer?

A pressure washer, or also known as a power washer, is a high-powered sprayer that is used to clean many different types of surfaces, including buildings, cars, furniture, and floors. For many homeowners, and even for business owners, pressure washers are considered an awesome piece of modern equipment because they are great in making things easier to do. They work similarly like a garden hose, but the only difference is that they are able to generate high pressure water, about 50-75 times pressure than a garden hose and sometimes more, which can effectively remove grease, mold, stains, and other kinds of dirt from any kind surface.

Types of Pressure Washers

Just like other home units, pressure washers come in various types, which are suitable for specific kind of cleaning jobs. If you’re considering this brilliant machine for your cleaning duty, then you may want to familiarize yourself with these different types of pressure washers.

  • An electric-powered washer is perhaps the most basic type of pressure washer. As the name implies, it uses an electric motor that needs to be connected to an electric supply to work. Electric pressure washers are more common for home use since they are lighter, quieter, and smaller. They also pump out just enough pressure, from 1500 to 1900 psi, which is more suitable for light projects, such as cleaning furniture, windows, and sidewalks.
  • This type of pressure washer is considered a medium-duty pressure washer that is able to generate higher pressure than electric-powered washers, typically between 2000 to 3000 psi. If you want to clean outdoor surfaces, such as concrete patio, siding, and driveway, gas Generac pressure washers using petrol engines or diesel engines must be the one to use.
  • This type of pressure washer is a heavy-duty machine that is ideal for farm, agriculture, and other large industries. Hydraulic pressure washers generate more than 3000 psi, and are brilliant for frequent tough cleaning jobs. They can be used by connecting them to a tractor or other type of machinery that has hydraulic power. This type of pressure washer is great for large industries that are located in remote areas, as it doesn’t require any electricity or gas to operate.

Cost and Features

The cost of pressure washers may range from $200-$500, depending on the type, size, brand, and features of the unit. Typically, the greater the features, the more expensive the product is. But of course, you don’t have to purchase the most expensive type of pressure washer in the market to achieve the maximum cleaning result you desire. As mentioned, different types of pressure washers are suitable for different types of cleaning jobs. And to get the right one, you should consider the type of cleaning work that you want to accomplish. Of course, you may also want to check the following basic features when buying:

  • Water inlet
  • Water pump
  • Motor or engine
  • Hose
  • Cleaning attachment

Check if these features match the type of project that you want to complete. After checking these, that’s the only time that you should consider additional features that you think will make your cleaning project faster and easier.

A Few Tips for Sending Your Money Overseas

Living and working abroad is a popular choice for many people. In fact, more than 8 million people board airplanes daily to travel to different places, according to International Air Transport Association. And majority of those choose to stay at the country of destination to work or search for a new and different life.

If you’re one of those people who travel abroad for work, chances are you want to send money back home – whether to support your family, invest for some properties, or fund your SMSF or other retirement accounts. Whatever you purpose, this simple guide will help you understand what you need to do to make out of the most of your money transfer. Remember, in these days, you can never be too safe. It’s very crucial to explore all the things needed to find out the best ways to transfer money, particularly if you’ve never done it before. Otherwise, you’ll soon find yourself out of pocket.

sending money

Beware of hidden charges

With the advent of new technology, sending money abroad is now convenient and fast. But of course, along with these convenience and fast payments come a much higher cost.

The cost when making international payments usually falls into two major categories: the fees and exchange rates. So before you send any payments abroad, you would want to check both of these categories first. Fees are relatively straightforward to search out and may include transfer charges and overseas bank receiving fees. You can check the amount by visiting the website of the bank or transfer company of your choice or asking them personally. Amounts may vary but they typically range from $15 to $30.

Exchange rates are much more complicated than service fees, because they tend to change rapidly. If you want to get significant amount of savings, it’s crucial to check the interbank or wholesale rate of your currency before you exchange it. You can find it on Google, Yahoo finance, other online currency services, and even in the media. In this way, you’ll be able to find which overseas money transfer is best for you.

Remember, most banks and transfer companies don’t use interbank rates. Most of them add varying amounts to the exchange rate to make money on the transfer. It’s important to compare providers properly to get the best deal. In addition, beware of those companies who claim to offer “no service fees” but add a large margin to the exchange rate to get more profits.

Choose the best provider

There are several ways from which you can transfer money overseas, but the question is: which service should you choose? Well, this depends on your specific circumstances.  When it comes to transferring funds internationally, there are 3 common options to choose from, and these are bank-to-bank transfer, online money transfer, and cash transfer.

Bank-to-bank money transfer is the easiest and probably the safest way to send money abroad. However, the downside is that the fees are relatively high. Most banks are known to charge more than $30 per transaction. This is not to mention the large amount of margin they incorporate in the exchange rate. The amount may vary depending on your bank, but usually they add 3-6 percent margin on top. In addition, it often takes a few days for your money to go through.  Bank-to-bank transfers can probably be the best option if you’re sending money regularly or you don’t have an access to internet.

Online money transfer services, like Paypal and Zoom, are probably the quickest and cheapest ways to transfer money internationally. The cost of their service usually depends on the amount of money you’ll transfer and the payment method you’ll use.  Typically, fees decrease for larger transactions, but it’s important to know that you’ll still be charged an exchange rate if you’re sending money abroad. If you want to send your money as quickly as possible, then online money transfers are a great choice. However, you need to be comfortable in making financial transactions online, and have to be more cautious as online transactions are prone to security breach and hacking.

Another way to send funds internationally is with the use of cash transfer. Companies, such as MoneyGram and Western Union offer this service. These companies have a storefront or service counter in different locations where your recipient can collect the amount that you’ll transfer. The great thing about this service is that it’s very quick and easy.  However, the downside is it can be expensive. If you’re sending money overseas, you will also charge an exchange rate in addition to the service fees. Fees may vary depending on the amount you’ll transfer, the speed of transfer, and the location where you plan to send your money.

There’s no standard rule to which money transfer service is best. As mentioned, the right one will depend on your specific needs and circumstances. Don’t be afraid to compare and investigate your options. That’s probably the only best way to make sure that you’ll not give away your hard-earned money to someone else.

Kuwaiti Dinar to Canadian Dollar Exchange Rate Monitoring

The Kuwaiti Dinar is the currency of Kuwait. Our currency rankings show that the most popular Kuwait Dinar exchange rate is the INR to KWD rate. The currency code for Dinars is KWD, and the currency symbol is ك. Below, you’ll find Kuwaiti Dinar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Kuwaiti Dinar News, or take KWD rates on the go with our XE Currency Apps and website.

Kuwait’s central bank is called the Central Bank of Kuwait. As of March 2013, the Kuwaiti Dinar is the highest-valued currency in the world.

In 1959, the Persian Gulf Rupee (XPGR) was issued by the Reserve Bank of India to be used in gulf countries, including Kuwait. Up until then, the Indian Rupee circulated alongside a number of different foreign coins. After gaining independence, the Kuwaiti Dinar was introduced in 1961 at a rate of 13.33 IND to 1 KWD. The Central Bank of Kuwait was established in 1969 to manage the state’s currency system. In 1975, the Dinar was pegged to a weighted currency basket. When Iraq invaded Kuwait in 1990, the Iraqi Dinar was used for a brief period and the Kuwaiti Dinar plummeted in value. When the currency was reinstated in early 1991, its value returned to the pre-invasion rate and new banknotes were issued. From 2003 to 2007, the Dinar was pegged to the US Dollar.

Canadian dollar (symbol: $; code: CAD) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the Lonnie by foreign exchange traders and analysts.

Canada’s dollar is the 5th most held reserve currency in the world, accounting for approximately 2% of all global reserves, behind only the U.S. dollar, the euro, the yen and the pound sterling.The Canadian dollar is popular with central banks because of Canada’s relative economic soundness, the Canadian government’s strong sovereign position, and the stability of the country’s legal and political systems.

As of January 2015, 1 Kuwaiti dinar is equals 4.25 Canadian dollar. You can monitor these exchange rates online. You can use Yahoo! Finance, Google Finance, xe.com etc websites to monitor the exchange rates between Kuwaiti Dinar to Canadian Dollar.


Google Finance is a website launched on March 21, 2006 by Google. The service features business and enterprise headlines for many corporations including their financial decisions and major news events. Stock information is available, as are Adobe Flash-based stock price charts which contain marks for major news events and corporate actions. The site also aggregates Google News and Google Blog Search articles about each corporation, though links are not screened and often deemed untrustworthy. Google added advertising to its finance page on November 18, 2008 which continues to be shown. Google launched a revamped version of their finance site on December 12, 2006, featuring a new homepage design which lets users see currency information, sector performance for the United States market and a listing of top market movers along with the relevant and important news of the day. A top movers section was also added, based on popularity determined by Google Trends. The upgrade also featured charts containing up to 40 years of data for U.S. stocks, and richer portfolio options. Another update brought real-time ticker updates for stocks to the site, as both NASDAQ and the New York Stock Exchange partnered with Google in June 2008. You can monitor the exchange rates in google finance.

Their website is www.google.com/finance

Features of Google Finance:

  • Markets
  • News
  • Portfolios
  • Stock Screener
  • Google Domestic Trends
  • Recent quotes that are for each individual user.


Yahoo! Finance is a web site sponsored by Yahoo! that provides financial information and commentary with a focus on US markets. The web site offers information such as stock quotes, stock exchange rates, corporate press releases and financial reports, original programming video clips, and message boards. It also offers some online tools for personal finance management. Yahoo! Finance Worldwide offers similar features for international finance markets.

According to comScore data for May 2012, Yahoo! Finance was the top financial news and research website in the United States with more than 37.5 million unique visitors per month.

Their website is www.finance.yahoo.com


XE.com (XE) is a Canadian-based online foreign exchange tools and services company headquartered in Newmarket, Ontario. It is best known for its online currency converter application and offers exchange rate information, online money transfers, and other currency-related services on its web site. XE claims to be the world’s favorite currency site. As of early 2013, independent ranking site Alexa ranks XE in the top 500 of all sites worldwide by traffic, and a top 100 traffic site in Ireland, South Africa, and the UAE.

XE.com offers various free online currency tools, including the XE Currency Converter which allows visitors to check live exchange rates of any world currency. The website also offers free historical charts and rate tables. The company provides a foreign exchange service (XE Trade) and a commercial currency data feed service (XE Data Feed). Other features include customized converters, a currency encyclopedia, travel expense calculator, and forex currency news. In 2010, the company introduced a free mobile app (XE Currency) which is available on iOS, Android, BlackBerry, Windows Phone, and Windows 8 devices. In early 2013, a paid version (XE Currency Pro) was made available for iPhone users.

Western Union and Moneygram Alternative – Currency Fair Review

CurrencyFair is an online peer-to-peer currency exchange market place. CurrencyFair is headquartered in Ireland also with employees in UK, Australia and Poland. currencyFair was established in April 2009 by co-founders Brett Meyers, Jonathan Potter, Sean Barrett and David Christian. www.currencyfair.com went live in May 2010. As of October 2014, the company has processed over €1.2 billion, saving customers over €60 million in bank fees. CurrencyFair describe themselves as “an online dating bureau for people who want to swap money but avoid hefty fees”. Currently, 17 currencies are available to exchange (send or receive) – Euro, Pound Sterling, US Dollar, Australian Dollar, Canadian Dollar, Swiss Franc, Czech Koruna, Danish Krone, Hong Kong Dollar, Hungarian Forint, Norwegian Krone, New Zealand dollar, Polish Zloty, Swedish Krona, Singapore Dollar and South African Rand. Users can send Japanese Yen, Israeli Shekel and Thai Baht. The company charges 0.15% for peer-to-peer matches and 0.5% for matches against CurrencyFair. A transfer of currency of a CurrencyFair account costs £3, €3, $4 or equivalent. These fees are much lower than that charged by conventional market players including banks and online foreign exchange brokers.

Get better exchange rates when transferring money internationally!
Click Here!

CurrencyFairCurrencyFair Limited, incorporated in Ireland (No. 469391) is fully regulated as an Authorized Payment Institution by the Central Bank of Ireland (No.C57373) under the European Communities (Payment Services) Regulations 2009. CurrencyFair Australia Ptv Ltd (ABN 94 147 506 410) is regulated by the Australian Securities and Investments Commission, AFSL No. 402709.

All customer funds are held separately in segregated client accounts with one of the world’s largest financial institutions. These accounts are separate from our corporate accounts and they cannot use them to settle any of our own obligations. Our banking partner has over 57 million customers worldwide, and a 2013 revenue of $90 billion USD. Two-factor authentication is a way of improving account security by combining what you know, for example your password, with something only you have in your possession, like your mobile phone.

In order to send and receive money, you need to sign up at currency fair website and then follow the rules stated in the website.
When trying to log in or carry out certain actions, such as transferring money out, they will automatically send a message to your phone with a code. You enter this code into the two-factor authentication form on . Our website uses 256-bit encryption via SSL from VeriSign. This indicates that your connection is secure.

they maintain continuous auditing, logging, backups and safe-guarding of data. To further protect against malicious attacks, they run numerous security tests on our own software and systems and maintain the very latest virus protection software.

They have built in a number of safeguards into our software including:

Identity Verification – Checks on new customers to determine if the identity information provided is accurate and not suspicious.

Automatic Logout – If you are inactive for an extended period of time they automatically log you out so unauthorized people cannot access your account.

Contact Information Confirmation – All changes to your contact information are verified with you before they make any changes.

All deposits by you to us are recorded by your bank. All your exchanges and transfers on our platform are recorded and saved in your account summary and you will receive a confirmation email instantly. All transfers from our bank are also logged. In short, all of your interactions with us are fully documented and available to you when you need it.

CurrencyFair Limited is regulated (fully authorized) by the Central Bank of Ireland under the European Communities (Payments Services) Regulations 2009. This regulation governs foreign exchange and money remittance.

You can check the register here (http://registers.centralbank.ie/DownloadsPage.aspx) and find out more information on what it means for your protection and consumer rights.

Key features of our regulation include:

Protection of Client Funds – There is a clear set of regulations on how they have to safeguard customer’s funds. This requires us to segregate customer accounts so that, in an insolvency event, this money would be protected from other creditors’ claims and can be repaid to customers.

Highest Standards for Systems and Procedures – they must maintain systems that minimize the risk of the loss of our customer’s funds through fraud, misuse, negligence or poor administration. In addition they are required to have effective risk management procedures, adequate internal control mechanisms and to maintain relevant records.

Minimum Capital Requirements – they must maintain a minimum level of assets at all times that is set by the Central Bank of Ireland. they must also hold sufficiently liquid assets to be able to meet our working capital requirements.

Management Vetting – Key personnel are individually approved for performing controlled and significant influence functions. they must pass a ‘fit and proper test’ considering honesty, integrity, reputation, competence, capability and financial soundness to make sure that they are of good repute and possess appropriate knowledge and experience.

Detection of Financial Crime – they must comply with legal requirements to deter and detect financial crime, which includes money laundering and terrorist financing.