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Currencies Direct business transfers review

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Europe’s first money transfer service offers solutions for international payments and online sellers.

Currencies Direct has business solutions designed to integrate with your existing technology, and multicurrency accounts can help you jump the barriers that come with overseas bank accounts. Forward contracts and market orders on forex transactions can help protect your cash flow and manage risk, and all terms are provided before you commit to a transfer.

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Min. Transfer Amount

No limit

Max. Transfer Amount

1 - 2 days

Transfer Speed


Product NameCurrencies Direct International Money Transfers business
Min. Transfer Amount$0
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 - 2 days
Customer ServicePhone, Email, Branch
Online Transfer FeeEUR 0
Exchange Rate UpdatesReal time


  • Forward contracts and market orders
  • Designated account managers
  • Over 120 currencies


  • Not licensed to send money from many US states, check accepted state list first
  • Only one physical office in the US if you want to walk in
  • Unavailable in Central and South American countries

What can Currencies Direct offer my business?

Currencies Direct creates custom solutions for its business clients and considers itself a partner in helping you minimize the costs that come with international transactions.

When you sign up with Currencies Direct, you’re assigned a dedicated account manager to help you make the most of your account. You specify your businesses needs, which can include invoice management or integrating batch payments to employees and contractors. Your account manager then suggests tools that can help you expand your reach into global markets without the hassle.

A multicurrency account with Currencies Direct gives even small businesses a way to receive payments in pounds, euros, yen and dollars — all with minimal fees and without opening an overseas bank account. These accounts automate currency conversions, allowing you to receive and send payments to worldwide businesses, clients and suppliers. You can also use your account to pay government taxes.

Manage your account’s transactions online or from your phone, with the option to receive notifications whenever your recipient gets a check.

How are Currencies Direct’s exchange rates?

Currencies Direct buys currencies at wholesale prices, which typically means minimal spreads on the mid-market rate. Once you agree on a rate it’s the rate you get, regardless of market fluctuations.

Rates on major currency pairs are competitive, often beating the rates you’ll find with your local bank. Because it deals in volume, minor or exotic pairs might not be as strong.

How much will my business pay to send money with Currencies Direct?

Your business pays nothing to send money anywhere Currencies Direct provides services. But to receive money into a business account, you’ll pay a receiving fee equal to 0.1% of the transaction.

Tailored business services come with fees that vary by your business’s needs. Speak with a Currencies Direct business representative to learn more.

What types of transfers can my business make?

Currencies Direct supports bank-to-bank money transfers in more than 60 currencies worldwide. The company operates 21 offices worldwide, but only one in the US — in Orlando, Florida — limiting your ability to transfer money in person.

With a multicurrency account, you have the flexibility to receive payments in pounds, euros, dollars or yen. The transferred funds can then be paid out in over 60 different currencies.

General transfer tools include forward contracts, which allow you to lock in a favorable exchange rate now for up to a year from that date. You can also use limit orders, where you choose a target exchange rate and Currencies Direct initiates your transfer when the market meets that rate.

Regular transfers from a personal or business account are available on top of the forward contracts and limit orders. If you’re looking to lock in a rate without a forward contract, you can also buy and keep foreign currencies in digital wallets.

Pros and cons of using Currencies Direct for business


  • No fees to send and strong rates. No matter how much you send, you’ll pay nothing in fees to gain a rate that’s lower than your bank’s and competitive with other online money specialists.
  • Business accounting integration. Seamlessly integrate Currencies Direct’s business solutions with your existing technology, or upload files from your accounting system to get started.
  • Multicurrency accounts. Receive payments and pay international suppliers and more with no monthly service fee.


  • Limited services nationwide. Currencies Direct isn’t licensed in all US states.
  • Requires documentation. When you register your business, you’re required to submit business records for compliance with international law. This is especially true for businesses outside the UK.

How does Currencies Direct compare to other services?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$0 Same day USD 0.00 0.839 EUR 4,194 Save your time and money with XE Money Transfer for business Go to site Show details
$1 3 - 5 days USD 7.00 0.835 EUR 4,171 Enjoy high maximum transfers into more than 20 currencies, while saving up to 90% over local banks. Go to site Show details
GBP 5,000 Same day USD 0.00 0.835 EUR 4,173 Increase business efficiency with zero transaction fees and same-day transfers. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How do I make an international payments with Currencies Direct?

You’ll first need to register for a free business account. Depending on where you live and the business you conduct, the supporting documents your required to submit could include:

  • Government-issued ID
  • Last year’s tax return
  • Business bank statements
  • A certificate of incorporation
  • Official documents listing business owners

Online sellers might also need to provide verification of seller profiles and your sales history.

After your account is approved, log in to your account either online or through the Currencies Direct app. Select the currency you want to transfer and your recipient’s location, then send your money from the bank account you set up with registration. You’ll receive an email confirmation after the money is transferred to your recipient.

You can also book a transfer by phone or directly at a Currencies Direct branch. Currently, the only US branch is in Orlando, Florida.

For other business services, talk with your dedicated account manager.

How do I manage my account?

Your account can be accessed via desktop or smartphone using the Currencies Direct website or mobile app.

  • Track your transfer. Watch the progress of your transfer through your online account or the app.
  • Get support. Contact your assigned account manager, email or call 407-900-2174 for help.

Bottom line

Currencies Direct provides no-fee outgoing money transfers at rates that are competitive with other online money transfer specialists, making it a strong contender for your business. And its multicurrency accounts eliminate the need to open multiple accounts in each country you do business in.

But it’s not the only money specialist focused on meeting your business needs. To learn about other providers that can help you safely manage overseas payments, read our guide to international business transfers.

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