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All banks and MTOs (money transfer operators) will price or quote you off this rate. The difference between the interbank rate and the rate you are quoted is called the exchange rate margin. At Exchange4free we have extremely tight and competitive margins in place to ensure our clients always get the best possible rate and price on thier money transfers.You can register an account for free by clicking 'Open an Account' at the top of our website or by clicking the register button below. Before we activate your account we will need some documentation from you. These are for our compliance checks and to make sure we are operating according to all money transfer regulations. Once your account is activated, you will be able to book a money transfer on our system and use all our other services.
Our money transfer service is completely free with no hidden costs:
Yes.
You can book a money transfer and exchange rate in our login section.
For larger amounts clients call our foreign exchange dealing desk to secure the very best exchange rate quote on their wire transfer.
We charge no transfer fees, zero commissions and cover all inbound receiving fees.
During the booking process a you will be able to choose how you want to send your funds to Exchange4free:
A variety of payout options are available. Clients can send money online into bank accounts throughout the world. Cash collections can also be arranged where beneficiaries can collect cash from various payout locations. Mobile money transfers are available to certain countries.
Exchange4free adheres to the highest levels of compliance and anti-money laundering regulations.
United Kingdom and Europe
Exchange4free is regulated and authorised by the Financial Conduct Authority (FCA) as an Authorised Payment Institution (Licence - 502845) to provide money remittance and payment services under the Payment Services Directive (PSD).
Exchange4free is also regulated by Her Majesty's Customs and Excise (HMCE - 12192983) and is a member of the UK Money Transmitters Association (UKMTA).
Australia and New Zealand
Exchange4free is regulated as a Money Service Business (MSB) by AUSTRAC (Licence - RNP100208196-00)
South Africa
Exchange4free South Africa is regulated as an authorised Financial Services Provider (FSP -36093) by the Financial Services Board (FSB).
Canada
Exchange4free is regulated as a Money Service Business (MSB) by FINTRAC in Canada (Licence - M09086568)
Philippines
Exchange4free are a licenced remittance company in the Philippines.
Israel
Exchange4free is regulated by the State of Israel Capital Market Authoriity as a foreign exchange services provider.
Zimbabwe
Exchange4free Zimbabwe is a licenced money transfer company and Bureau de Change operator by the Central Bank of Zimbabwe (CBZ).