Review: Clear Capital Exchange international money transfers

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Clear Capital provides a straightforward and cost-effective service with your own dedicated account manager.

  • Good if you prefer a more personal service.
  • Not so good if you only want to transfer a small amount.

£0

Fees (Pay by Bank Transfer)

£5,000

Minimum Transfer Amount

No limit

Maximum Transfer Amount

Details

Product NameClear Capital
Minimum Transfer Amount£5,000
Maximum Transfer AmountNo limit
Pay ByBank transfer
Receiving OptionsBank account
Customer ServicePhone, Email, In person
Available CurrenciesAED, ALL, AMD, ANG, AOA, ARS, AUD, BBD, BDT, BGN, BHD, BMD, BOB, BRL, BSD, BWP, CAD, CDF, CHF, CLP, CNY, CRC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KRW, KWD, KYD, KZT, LKR, LRD, LSL, MAD, MGA, MUR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SCR, SEK, SGD, SLL, SRD, SZL, THB, TND, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, XAF, XCD, XOF, ZAR, ZMW, STD, MRO
Bank Account Required?Yes
Personal Account Manager?Yes

Clear Capital exchange rates and fees

Clear Capital says it charges no fees for any transfers over £2,000. For transfers under £2,000 it charges a £10 fee to cover costs.

As with other online transfer services, it also adds a margin to real-time mid-market exchange rates.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Clear Capital
Within minutes
£0

View details
Clear Capital specialises in sending 150+ currencies abroad for individuals and businesses, with a dedicated account manager to help you.
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Available currencies

Clear Capital Exchange gives you access to more than 150 different currencies worldwide. You can see the full list above, but some of the popular currencies include:

  • AUD Australian dollar
  • CNY Chinese yuan
  • EUR Euro
  • INR Indian rupee
  • NZD New Zealand dollar
  • SGD Singapore dollar
  • USD US dollar
  • ZAR South African rand

What types of transfers can you make with Clear Capital Exchange?

Clear Capital offers various transfer options to help you get the most out of your transaction:

  • Spot payments. A one-off payment that you can book at today’s rate, with the option of paying within two days.
  • Limit orders. Set a target exchange rate, and if it’s reached overnight in another market (like New York or Hong Kong), the money transfer is carried out.
  • Forward contracts. Lock in an exchange rate for up to five years in the future and protect your business from volatile currency movements.

Either you can contact your account manager to arrange the transfer, or you can do it yourself through Clear Capital’s user-friendly online payments platform.

How long does a transfer with Clear Capital Exchange take?

Same-day transfers are available to countries including many in the Eurozone, the USA, South Africa and China. Transfers to other destinations take between one and two working days.

What payment methods does Clear Capital Exchange accept?

You send the money via wire transfer from your bank account to the recipient’s.

Transfers typically takeClock icon for transfer speed

Within minutes

Is Clear Capital Exchange safe to use?

  • Regulation: Clear Capital Exchange’s payment and foreign exchange services are provided by Ebury Partners UK Ltd who are authorised and regulated by the Financial Conduct Authority (FCA).
  • Security: All client accounts are fully ring fenced and segregated.
  • Established: January 2018.
  • Customers: Ebury Partners claims to be trading over £12bn in foreign exchange and to have more than 24,000 businesses and private clients.
  • Reviews: Rated 4.7 out of 5 from around 23 reviews on Trustpilot*.
* According to Clear Capital Exchange and Trustpilot on 5 May 2020

How does Clear Capital Exchange make money?

Clear Capital makes its money through the interbank exchange rate margin, meaning that it adds on a small margin to the interbank rate to cover its own costs.

You may have noticed that the exchange rate you see on Google or XE is different to the one being quoted to you, and this margin is the reason why.

It also charges a £10 fee for any transfers under £2,000.

How to register an account

How do you make a money transfer?

You can either transfer money through your dedicated account manager (who you’re assigned once you’ve registered your account) or online through Clear Capital’s online payments platform.

Clear Capital Exchange - How to money transfer

What is Clear Capital Exchange?

Clear Capital was set up in January 2018 in London. It says its aim is to provide trust, reliability and commitment to all sized business and private clients.
Its team of dealers and account managers have many years of experience in mitigating risk and managing client accounts within the foreign currency market.

In a nutshell

Pros

  • Access to more than 150 currencies. See above for the full list.
  • Various transfer options. You can choose from making a spot payment, limit order or forward contract.
  • Fast transfers. Same day or next working day transfers available to numerous destinations.
  • One-to-one customer support. You get a dedicated account manager, who will support you through the process step by step.
  • Highly rated reviews. Rated 4.7 out of 5 on Trustpilot*

Cons

  • £10 charge for transfers under £2,000. Clear Capital says this is to cover costs.
  • No cash pick-up. Bank to bank account only.

How does Clear Capital Exchange compare to other services?

Table: sorted by promoted deals first
Our table below lets you compare the services you can use to send money abroad. Choose if you want to send under or over £10,000, and you’ll be shown a list of services that can help you.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Wise (TransferWise) for large transfers
Within an hour
From £3.75

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
TorFX
24 hours
£0

View details
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Central FX
24 hours
£0

View details
CentralFX's dedicated team will guide you or your business from first call to final payment.
Currencies Direct
Within an hour
£0

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
CurrencyTransfer
24 hours
£0

View details
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE Money Transfers
24 hours
£2
SPECIAL OFFER ✓ £25 Amazon voucher when you refer a friend

View details
XE has fast transfers with low fees and a range of foreign currency tools.
Wise (TransferWise)
Within an hour
From £3.75

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Azimo
Within minutes
From £0.99
SPECIAL OFFER ✓ First two transfers free for new customers.

View details
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
CurrencyFair
24 hours
€3
SPECIAL OFFER ✓ Zero fees on your first 10 transfers

View details
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Remitly
Within minutes
From £1.49
SPECIAL OFFER ✓ Free transfers and better exchange rates for new customers

View details
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within an hour
From £1.99
SPECIAL OFFER ✓ Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Frequently asked questions

Does Clear Capital Exchange offer business services?

Clear Capital offers services for both private and business clients. As well as organising transfers, account managers can give regular market updates, reports and forecasts and help with business plans.

How do I contact customer support?

You can cancel or change a transfer at any time up until the end of the business day before the payment is due to be made – just contact your account manager. However, you may still be charged a fee to cover Clear Capital’s costs.

How do I cancel a payment?

For personal transfers call 020 3984 0450, and for business transfers call 020 3984 0440 between 8.30am and 7.30pm on Mondays to Fridays. Or alternatively you can email info@spartanfx.co.uk

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