Sending large amounts of money overseas can be stressful. With Currency Solutions, you can be sure your friends and family will get the money they need sooner. And Currency Solutions doesn’t charge any fees for transfers over £3,000 (or the currency equivalent), allowing you to save money whenever you need to send funds overseas.
Currency Solutions is best for:
Regular transfers. Fix a rate and send your funds overseas.
Buying goods abroad. Currency Solutions’ “best in industry” rates can help you get more for your money when making an overseas purchase.
Business solutions. Currency Solutions offers anextensive range of corporate hedging products.
How much does Currency Solutions cost?
Exchange rates
On average, Currency Solutions’ exchange rates can save you between 1% and 4% off the exchange rates offered by banks. If you’re quoted a better rate by a bank, Currency Solutions will match it.
Currency Solutions offers live exchange rates and monitors international markets to allow you to place trades at the best possible time. Rate alerts can help you stay up to date with market fluctuations. Dealers with the company monitor the currency market on your behalf and contact you when your desired market conditions are met.
Transfer fees
Currency Solutions does not charge any fees for transfers over £3,000.
What types of transfers can I make with Currency Solutions?
Currency Solutions offers the following transfer options to help you get the most out of market fluctuations.
Spot contracts. “On the spot” transactions offer a quick and easy way to send funds overseas.
Forward contracts. Forward contracts allow you to fix your exchange rate for future purchases, protecting you against market fluctuations.
Limit orders. You can set up a limit order to automatically buy a currency when the exchange rate reaches a predetermined level.
Regular payments. If you need to transfer a regular amount of funds, you can lock in an exchange rate for up to 12 months.
Available currencies and countries
Currency Solutions offers transfers in the following currencies.
USD – US dollar
AUD – Australian dollar
BRL – Brazilian real
CAD – Canadian dollar
DKK – Danish krone
EUR – Euro
GBP – British pound
HUF – Hungarian forint
NZD – New Zealand dollar
NOK – Norwegian krone
PLN – Polish zloty
SGD – Singapore dollar
SEK – Swedish krona
What are the transfer limits?
Using Currency Solutions’ online platform, you can transfer from £100 to £20,000 (or the currency equivalent). For transfers over £20,000, you would need to call one of Currency Solutions’ currency specialists at 020 7740 0000.
Pros and cons of using Currency Solutions
Pros
No fees for large transfers. Enjoy no hidden fees or commissions when you transfer more than £3,000 with Currency Solutions.
Competitive exchange rates. Currency Solutions offers a best rate guarantee. If you’re quoted a better rate, they’ll match it.
Fix your rate. Currency Solutions offers you the flexibility of locking in an exchange rate now for future transactions, offering protection against market changes.
Dedicated money transfers. Unlike banks, which deal in a wide range of financial products and services, Currency Solutions specializes in international money transfers.
Cons
Location. Currency Solutions is based in the UK. Contacting customer service might be difficult because of the time difference.
The registration and transfer process
If you wish to transfer funds with Currency Solutions you will need to sign up for an account. This is quick and easy to do online, and once you’ve completed the sign-up process you’ll gain access to a secure user area where you can manage your account.
You’ll also be assigned a personal dealer who can answer any transfer questions you may have and offer advice on the best times to lodge transfers to minimize your currency risk.
The next step is to deposit funds into your Currency Solutions account. This can be done via bank transfer or debit card only. You can then log into your account online and specify where you would like your funds to be sent. This part of the process is simple, intuitive and quick to complete.
The final step is to agree on a transfer and submit your transaction. Currency Solutions will notify you as soon as your transfer has been completed — most major currencies (GBP, EUR, USD, CAD, AUD) will be transferred on the same or next business day.
What is Currency Solutions?
Founded in 2003, Currency Solutions is a UK-based international money transfer provider servicing more than 100,000 clients worldwide.
Having achieved the ranking of Number 1 Foreign Exchange Company on independent website Trustpilot, Currency Solutions prides itself on customer service by offering the best exchange rates on the market.
What other products and services does Currency Solutions offer?
Currency Solutions specializes in offering international money transfers to its customers and does not diversify across a range of financial products. However, in addition to personal accounts they also offer international transfers to business clients. Businesses can use Currency Solutions to pay accounts, import or export goods and more effectively manage their international finances.
Customer service
You can contact Currency Solutions by phone at +44 (0)20 7740 0000, or fill out on online form to send a message.
What do customers say about Currency Solutions?
Currency Solutions has a 9.6 out of 10 TurstScore on TrustPilot, with 93% of the reviews falling into the “excellent” category.
Bottom line
Currency Solutions certainly offers an option worth considering when you need to lodge an international money transfer. Just make sure to compare its services with those of other transfer providers to make sure you get the best deal possible.
See how other services compare to Currency Solutions
Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
The minimum amount you can send overseas with currency solutions is £100 (or the currency equivalent).
Yes, Currency Solutions offers its transfer services to personal and business customers.
This can be done via bank transfer or using a debit card.
Major currencies (USD, GBP, EUR etc.) typically enjoy same-day or next-day transfers. Other more exotic currencies will take a little longer to send overseas.
Yes, you can arrange for a transfer to be automatically placed when the exchange rate reaches an agreed level.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.
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