Review Time
Currency Fair has not demonstrated any level of transparency concerning the true issue causing this change - even when asked explicitly - causing customers to suspect that the truth is something they prefer to keep to themselves.
Good: Efficient , quick, good rate compared to other sites.Poor: The receiving bank account for USD is labelled as for transfers within the US, but this appears not to be the case. The old one was currency fair was, with a US address, this one has a London Address and my US account will not allow me to send funds directly to it. Instead I have to go via a different account which incurs more charge han otherwise would be the case, including a $25 charge between being sent to the Currencyfair account and conversion. This is particularly irritating because the transaction you set up for for this does not show as completed a (as it's $25 short of the amount, so you have to go in and convert it yourself and cancel the transaction set up. All these extra charges mean that despite having a better rate that other sites I check, it is only worth using currencyfair above a certain amount, despite the rate offered being significantly better.
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