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Moneycorp offers 24/7 service and flat fees for international money transfers

Moneycorp can give you a bank-beating rate, so you can save on foreign exchange to over 30 different currencies

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Shirley Liu

Updated Jul 26, 2018

Fact checked

Moneycorp Limited, a business registered in the UK, began operations in 1962. The company started providing foreign exchange and currency in 1979. From its beginnings in a small office in central London, Moneycorp has become a business worth more than GBP£11 billion (NZD$21.6 billion) and in 2017 it handled more than 80 currencies. In addition to its network in central London, Moneycorp has offices in the US, France, Spain, Romania, Australia and Ireland.

While Moneycorp specialises in providing personal and business international money exchange services, it also offers wholesale and travel money services.

In 2017, Moneycorp carried more than 7 million customer transactions and exchanged in excess of GBP24.6 billion. Its business is regulated by the Financial Conduct Authority.

Residents of New Zealand can register with Moneycorp by visiting its website. Read on to find out if Moneycorp is the business to help you send money overseas.

Compare Moneycorp to other money transfer services

Use the currency transfer calculator tool below by entering the amount you want to send and choose the currency you are sending to.

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USD 60	1 day	-	-		Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.	Go to site	Compare	Show details	Details Minimum transfer amount USD 60.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments Customer service Phone, Email Available currencies AUD, BDT, EUR, GBP, IDR, INR, KES, LKR, MXN, MYR, NPR, NZD, PHP, PKR, PLN, THB, USD, VND Go to site Read the full review
AUD 250	1 - 2 days	NZD 0.00	0.713	USD 7,132	OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount AUD 250.00 Transfer methods Online, Phone, Agent Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone Available currencies AED, ARS, AUD, AZN, BGN, BHD, BND, BRL, CAD, CHF, CLP, CNY, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
NZD 250	1 day	NZD 0.00	0.713	USD 7,132	Send guarantees to match any competitor’s exchange rate. T&Cs apply. Send has fee-free transfers in 30+ currencies to over 200 countries.	Go to site	Compare	Show details	Details Minimum transfer amount NZD 250.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Forward contracts Customer service Phone, Email Available currencies AED, AUD, BGN, BHD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, JPY, KES, KWD, MXN, NOK, NZD, OMR, PHP, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
NZD 0	Same day	NZD 0.00	0.713	USD 7,125	XE has fast transfers with competitive rates and a range of foreign currency tools.	Go to site	Compare	Show details	Details Minimum transfer amount NZD 0.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AMD, AUD, AWG, BAM, BBD, BDT, BGN, BHD, BND, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EUR, FJD, GBP, GEL, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KRW, KWD, KZT, LKR, LSL, MAD, MKD, MUR, MWK, MXN, MYR, NAD, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, VUV, WST, XCD, XPF, ZAR Go to site Read the full review
NZD 2,000	2 days	NZD 0.00	0.713	USD 7,132	Exclusive offer: Discounted exchange rates for all Finder customers. WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.	Go to site	Compare	Show details	Details Minimum transfer amount NZD 2,000.00 Transfer methods Online, Phone, Agent Transfer options One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, ALL, AMD, ANG, AOA, ARS, AUD, AZN, BAM, BBD, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BWP, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, IQD, ISK, JMD, JOD, JPY, KES, KHR, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MGA, MKD, MNT, MRO, MUR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SLL, SRD, STD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, UYU, VEF, VND, VUV, WST, XCD, XOF, XPF, ZAR, ZMW Go to site Read the full review
NZD 250	1 day	NZD 0.00	0.713	USD 7,132	TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.	Go to site	Compare	Show details	Details Minimum transfer amount NZD 250.00 Transfer methods Online, Phone, Agent Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
NZD 1	Within an hour	NZD 3.99	0.712	USD 7,119	Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply. WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.	Go to site	Compare	Show details	Details Minimum transfer amount NZD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CUP, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KZT, LAK, LBP, LKR, LRD, MAD, MDL, MGA, MRO, MVR, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, THB, TJS, TND, TOP, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW, BYN Go to site Read the full review
NZD 1	1 - 2 days	NZD 80.00	0.716	USD 7,104	Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount NZD 1.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
NZD 5	1 - 2 days	EUR 3.00	0.71	USD 7,105	Special offer: Zero fees on your first 10 transfers. CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.	Go to site	Compare	Show details	Details Minimum transfer amount NZD 5.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, NOK, NZD, PHP, PLN, SEK, SGD, THB, USD, ZAR Go to site Read the full review
NZD 10,000	1 - 2 days	NZD 0.00	0.71	USD 7,104	CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.	Go to site	Compare	Show details	Details Minimum transfer amount NZD 10,000.00 Transfer methods Online, Phone, Bank Account to Bank Account, International Money Order Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, ARS, AUD, BGN, BHD, BRL, CAD, CHF, CNY, CZK, DKK, EUR, GBP, GHS, HKD, HRK, HUF, ILS, INR, JMD, JOD, JPY, KES, KWD, MAD, MUR, MXN, NGN, NOK, NZD, OMR, PHP, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TRY, TTD, UGX, USD, ZAR Go to site Read the full review

Compare up to 4 providers

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

Let’s take a look at Moneycorp’s exchange rates

The Moneycorp website lets you find out existing indicative exchange rates, based on interbank rates. You can use a currency converter or view results in the form of a table or chart.

The currency converter requires you to enter the currency you want to exchange and the currency you wish to receive, along with the amount. The result gives you an indication of how much money the recipient stands to receive. The chart allows you to view how any two currencies compare against each other over hours, days, weeks or months.

If you wish to view existing exchange rates, refer to the exchange rate table. It gives you the rates under the dedicated sections of majors, EU, Americas, Asia and Africa/Middle East. An example of the table appears below.

Buy currency	Currencies Direct Rate	Amount you get for NZD$1,000	Interbank rate
AUD (Australian Dollars)	0.8895	889.52	0.8932
CAD (Canadian Dollars)	0.8815	881.54	0.8835
EUR (Euros)	0.6019	601.87	0.6029
GBP (Pounds Sterling)	0.4683	468.32	0.4694
USD (United States Dollar)	0.6784	678.38	0.6794
AED (UAE Dirham)	2.4937	2493.7	2.4978
CHF (Swiss Franc)	0.6551	655.05	0.6591
CZK (Czech Koruna)	16.2489	16248.9	16.3272
DKK (Danish Kroner)	4.4863	4486.29	4.4965
HUF (Hungarian Forint)	184.9150	184915	187.1091
ILS (Israeli New Shekel)	2.6155	2615.47	2.6280
JPY (Japanese Yen)	75.4610	75461	75.7903
NOK (Norway Kroner)	5.6665	5666.45	5.7075
PLN (Polish Zloty)	2.5622	2562.2	2.5724
RUB (Russian Rouble)	45.4880	45488	46.4645
SEK (Swedish Krona)	5.5748	5574.85	5.5984
TRY (Turkish Lira)	1.9439	1943.86	1.9510
ZAR (South African Rand)	10.3297	10329.67	10.4001

^{The rates listed in the table are up to date as of 6 January 2018}

How much will it cost you to transfer money with Moneycorp?

The fee you pay to send money through Moneycorp depends on the method of delivery, as well as the delivery time you choose. If you initiate a transfer online and opt for standard delivery (2-4 days) you will pay a fee of GBP5. Online transfers, with express delivery (1-2 days) cost GBP9. If you wish to transfer money over the phone, a GBP15 fee applies.

Moneycorp always lists delivery times in working days, which can vary depending on factors such as the currency and the destination bank. For example, express delivery with Indian rupees takes a minimum of two days.

What are the minimum transfer amounts and available countries you can send money to?

The minimum you can send through Moneycorp is GBP50 or its equivalent in another available currency, which includes New Zealand dollars. If you wish to send money using a regular payment plan, a minimum limit of GBP250 applies. The maximum you can transfer in a single transaction is GBP100,000.

The currencies you can send through Moneycorp include:

UAE dirham	AED
Australian dollar	AUD
Bahrain dinar	BHD
Canadian dollar	CAD
Swiss franc	CHF
Czech koruna	CZK
Danish krone	DKK
Euro	EUR
Pound sterling	GBP
Hong Kong dollar	HKD
Croatian kuna	HRK
Hungarian forint	HUF
Israeli shekel	ILS
Jordanian dinar	JOD
Japanese yen	JPY
Kenyan Shilling	KES
Kuwaiti dinar	KWD
Mexican peso	MXN
Norwegian krone	NOK
New Zealand dollar	NZD
Omani rial	OMR
Polish zloty	PLN
Qatari riyal	QAR
Saudi riyal	SAR
Swedish krona	SEK
Singapore dollar	SGD
Thai baht	THB
Tunisian dinar	TND
Turkish lira	TRY
US dollar	USD
South African rand	ZAR
Romanian Lei	RON

Types of transfers you can carry out with Moneycorp

You can turn to Moneycorp to send money overseas in three different ways.

One-off payments. Making one-off payments is easy. All you need to do is register for an account, speak to an account manager, agree to the exchange rate and initiate the transfer.
Target a rate. If you wish to make the most of fluctuations in foreign exchange rates, you can use Moneycorp for forward contracts and market orders. With forward contracts, you can lock in exchange rates for up to two years. Market orders allow you to target rates not currently available. The exchange is made when it reaches your desired rate.
Regular payments. You can use Moneycorp to make automated, scheduled payments. These can go out weekly, monthly or quarterly, as per your requirements.

How to make the registration and transfer process easier

If you wish to use Moneycorp to send money overseas, you have to register as a user first. You can do this easily by visiting the Moneycorp website. To complete the registration process, you will need to provide the following information:

Your name, phone number, email address and home address
Your date of birth
Currency to be exchanged
Currency to be exchanged to

Amount you will typically send
Destination country
Reason for transfer
A username and password

Once you are registered as a user, you can log in to the secure Moneycorp platform to send money overseas any time, 24/7. You also have the option of speaking to a Moneycorp representative over the phone to initiate a transfer. However, in this case you would have to call an Australian or UK-based number.

How long your transfer takes depends on the option you choose. With the express option, the money should reach the recipient within 1-2 days, and the standard option takes around 2-4 days. In some cases, turnaround time might be longer for the express option.

Moneycorp: the pros and cons

Pros

Transfer at any time. With access to the secure Moneycorp online platform, you can initiate a currency transfer at any time of the day or night, from anywhere. All you need is access to an Internet-enabled computer.
Flat fee. You don’t have to worry about paying a fluctuating fee, as per the amount of currency you wish to send. Instead, you simply pay a flat fee based on the transfer time you select.

Cons

No local support. You can get online support or speak to a Moneycorp representative over the phone by calling an Australian- or UK-based phone number. However, Moneycorp does not have offices in New Zealand and does not provide local phone support.

What other products and services does Moneycorp offer?

Moneycorp provides an array of corporate and travel money solutions.

Corporate. Businesses that deal in foreign exchange can benefit by working with Moneycorp. As a business account holder, you can hold balances in up to 32 different currencies. The services on offer for business clients include spot contracts, forward contracts and market orders. Through its wholesale currency offer, you can benefit from industry-specialised services, bulk currency delivery and bespoke banking.
Travel money. If you wish to purchase travel money while in New Zealand you can collect it at a Moneycorp centre or receive it via a multi-currency prepaid Explorer card. You can reserve your travel money online, without having to pay for it upfront and collect it from your specified branch. They also offer a “buyback guarantee”, so if you find you have unspent money, Moneycorp will buy it back so you don’t lose out.

Our review of Moneycorp’s online seller product

Need some extra support using Moneycorp?

Using Moneycorp to send money overseas may work in your favour, especially with a competitive exchange rate. However, since there are numerous money transfer companies to choose from, make sure you compare a few before committing your money.

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