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Currencies Direct money transfer review

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An easy way to monitor exchange rates and send money around the world.’s rating: 4.0 / 5.0


How’d we get our score?

Fees & rates: 5.0 / 5.0
Speed: 3.0 / 5.0
Services: 4.0 / 5.0
User experience: 4.0 / 5.0

Currencies Direct’s goal is to eliminate commissions and other hidden fees commonly found at banks. To accomplish this goal, it offers tools and services such as rate alerts, limit orders and spot and forward contracts.

90% of its transactions are free, and those that aren’t have terms that are clearly spelled out ahead of time.

USD 2,000

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed


Product NameCurrencies Direct International Money Transfers
Min. Transfer AmountUSD 2,000
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Email, Branch
Online Transfer FeeEUR 0
Exchange Rate UpdatesReal time

How much will I pay to send money with Currencies Direct?

Opening a personal account with Currencies Direct is free of charge. You also won’t pay any account maintenance or transfer fees. In some cases, a third party may charge a fee for a transfer, but this money doesn’t go to Currencies Direct.

Case study: Sending funds to a friend in Finland

Let’s say you’re looking to get some money to a friend living in Finland but you’re not in a particular hurry. Using Currencies Direct, you can set up a rate alert to let you know when the interbank — or mid-market — rate hits what you’re looking for.

Since the exchange rate you get will be slightly different from the mid-market rate, you decide to set your alert for a higher amount than you want to get. Rather than setting the alert for 0.9, you shoot for a USD to EUR exchange rate of 0.93.

Once you’re notified the rate has been hit, you initiate the transfer. Sending $1,000 doesn’t come with any fees, and if you’re able to lock in a 0.9 exchange rate your recipient gets a solid 900 EUR.

With a bank, you might face a fee of $30 or more to make an international transfer. Also, the exchange rate you receive may not be as favorable.

Where banks may come out ahead are transfer times. Because you’re sending the money to Currencies Direct and it’s then sending the money to your recipient, it may take longer than directly wiring it from one bank to another. It may take two or more business days to make the transfer with Currencies Direct, whereas a bank wire may go through in as little as one business day.

How are Currencies Direct’s exchange rates?

Currencies Direct provides live exchange rates 24/7. When you exchange funds through it, the rate will be slightly different from the mid-market rate.

Because it doesn’t charge any fees, Currencies Direct has to make its money another way. In this case, it goes a route that’s typical of online international transfer services — by taking a margin on the exchange. This means you won’t exactly get the mid-market rate, but it’s still competitive when compared against other transfer services.

What types of personal transfers does Currencies Direct support?

You’ll find a couple of ways to get your cash to Currencies Direct, but it can only be delivered via bank transfer.

Make your transfer online via desktop or mobile, over the phone or in person if you happen to live near its Orlando, Florida branch. To get the funds to Currencies Direct, you can use:

  • Bank to bank transfer
  • Debit card

Currencies Direct currently doesn’t accept credit card payments.

Benefits and drawbacks


  • Competitive exchange rates. Interbank rates that are updated every few seconds. When you lock in your exchange rate, you’ll know exactly how close it is to the wholesale rate.
  • Several currency exchange options. You don’t need a business account to take advantage of forward contracts or limit orders.
  • Rate alerts. Get alerts when the market reaches your ideal transfer rate.


  • Not offered in all states. Currencies Direct won’t be able to help you if you live in Arkansas, Alaska, Arizona, Colorado, Illinois, Iowa, Maine, Ohio, Oklahoma, Rhode Island, Texas, Vermont, Washington, West Virginia, Guam, Northern Mariana Islands or the US Virgin Islands.
  • 60 supported currencies. Does not support all global currencies.
  • No cash pickup. Bank transfers only.

How does Currencies Direct compare to other services?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 0.87 EUR 4,349 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.87 EUR 4,349 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 1 Same day USD 0.00 0.875 EUR 4,373 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 2,000 1 day USD 0.00 0.87 EUR 4,349 $0 transfer fees with rates at never more than a 2% markup. Go to site Show details
USD 0 1 - 2 days USD 1.99 0.861 EUR 4,303 Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
USD 1 1 - 2 days USD 40.00 0.879 EUR
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 0.875 EUR 4,371 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. 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 send money through Currencies Direct?

You can send money a variety of ways using Currencies Direct. Follow these steps to get your funds where they need to be:

  1. Register for an account online.
    You’ll need to supply identifying documents when you apply, including a copy of a state or federal ID — such as your passport — and bank statements.
  2. Initiate the transfer.
    This can be done online, over the phone or in person. You’ll agree upon the exchange rate before committing to the transfer.
  3. Fund the transfer.
    Use a bank transfer or debit card to pay Currencies Direct.
  4. Your funds are delivered.
    Typically your funds will be transferred to Currencies Direct the same day you send them. Delivery times can vary based on where you’re sending the funds and how long they take to clear with Currencies Direct.

How do I track my Currencies Direct transfer?

You can track your transfer online using the website on your desktop or mobile app on your smartphone. Log in to your account to track your transfer.

You’ll also be sent an email as soon as your funds are sent from Currencies Direct.

Bottom line

Currencies Direct has years of experience in the international money transfer game, and with its promise to beat the banks, it’s a strong contender for getting your funds to friends and family worldwide. Before you sign up, make sure you’re in a state that Currencies Direct services.

You can also use our guide to compare international money transfer services if you find Currencies Direct doesn’t meet all your needs.

Frequently asked questions


Our team analyzes money transfer providers offering services in the US — from big names to digital upstarts. We rank rates and fees, speed, services and user experience for:

  • TransferWise
  • XE
  • OFX
  • WorldRemit
  • Currencies Direct
  • Western Union
  • RIA Money Transfer
  • MoneyGram
  • Remitly
  • Payoneer
  • Remit2India
  • Xoom
  • PayPal

Learn the details of our methodology and scoring.

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