The problem with CurrencyFair is that you are still left paying the wire fee in a lot of jurisdictions.<p>Sometimes this fee is larger than local banks. In Canada for example I can wire money for $13.50 CAD ($9.50 US) up to $2500 CAD to almost anywhere in the world. CurrencyFair wrongly estimates Canadian bank fees at $35.00 CAD.<p>They also only have bank accounts in certain jurisdictions. For example they ask customers in Canada to wire money to their bank in New York rather than say by Interac which would cost Canadian a lot customers nothing.<p>I also find it strange they ignore what I would have thought was the largest market for remittance. Namely India and the Philippines. They also don&#x27;t support the US because of the state licensing mess that the US requires for money transfer services [1].<p>[1] - <a href="https:&#x2F;&#x2F;www.paypal.com&#x2F;webapps&#x2F;mpp&#x2F;licenses" rel="nofollow">https:&#x2F;&#x2F;www.paypal.com&#x2F;webapps&#x2F;mpp&#x2F;licenses</a>