- Help Centre
- What is TransferLab?
- TransferLab exchange rates
What is TransferLab?
Sending and receiving money with TransferLab
Your TransferLab account
TransferLab for Business
Referral Program/Invite a Friend
Help and Support
How does TransferLab calculate its exchange rates?
Banks and traditional money remittance providers often set their own, expensive exchange rates. It means that you pay more on money transfers than you need to.
At TransferLab, we track the mid-market exchange rate as closely as possible, so you'll always get the best exchange rate possible – calculated automatically and clearly showing any fees upfront.
The mid-market exchange rate is always moving. So that's why we offer guaranteed rates on all of our money transfers. You can lock in the rate you see when you set up your transfer. You’re guaranteed to get this rate, as long as we receive the total amount in the timeframe stated when you set up your transfer (normally 24 hours).