Clear Capital Exchange money transfers review

Clear Capital specialises in offering straightforward money transfers with a personalised service.

  • Great if you are looking for one-to-one customer support
  • Not so great if you only want to transfer a small amount

Clear Capital is an international money transfer provider that caters for all sized business and private clients. Its team of dealers and account managers are experienced and well practiced in managing client accounts within foreign currency markets. It has a wide range of currencies and transfer options. It is also known for its personalised service which includes a dedicated account manager to support you through your money transfer. Just keep in mind that Clear Capital charges an additional fee for transfers under £2,000 – making it more suited for those wishing to send larger amounts.

Why should I consider Clear Capital Exchange?

  • Currencies. Clear Capital offers access to more than 130 currencies.
  • 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.

What to be aware of

  • Additional transfer charge. Clear Capital charges an additional £10 for transfers under £2,000.
  • No cash pickup. The money transfer specialist only caters for bank to bank account only.

How much are Clear Capital Exchange’s international transfer fees?

Clear Capital says it charges no fees for any transfers over £2,000 – making it well suited for those wishing to send large amounts of money overseas. However, for transfers under £2,000 it charges a £10 fee to cover its costs. You can use our comparison table to see how this additional charge stacks up when compared to other money transfer providers.

How are Clear Capital’s exchange rates?

Much like other online money transfer services, Clear Capital adds a margin on top of the mid-market exchange rate on international transfers. It is best to compare the displayed rate on Clear Capital with the current interbank rate to work out the size of this margin.

Available currencies

Clear Capital Exchange offers access to more than 130 different currencies worldwide. Some of the most 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 are the ways I can send money abroad with Clear Capital Exchange?

Clear Capital has 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 with a forward contract to protect your business from volatile currency movements.

What payment methods does Clear Capital Exchange accept?

You can contact your account manager to arrange your money transfer, or you can do it yourself through Clear Capital’s user-friendly online payments platform. Clear Capital accepts wire transfers from your bank account to the recipient’s.

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.

Transfers typically takeClock icon for transfer speed

Within minutes

How to make your first international transfer with Clear Capital Exchange

To make a money transfer with Clear Capital you first need to register an account. Once this is setup, then your dedicated account manager can take you through the process.

Registering an account

Making an international money transfer with Clear Capital Exchange

You can either transfer money through your dedicated account manager. They will be assigned to you once you’ve registered your account. Alternatively, you can make your transfer online through Clear Capital’s payments platform.

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

    In the UK, Clear Capital is regulated by the Financial Conduct Authority (FCA).

    The FCA regulates finance companies to protect consumers. Part of the FCA’s regulation means that Clear Capital must keep its customers’ funds separate from its own, in order to protect its users’ money if the company runs into financial difficulties.

    How does Clear Capital Exchange compare to other services?

    Table: sorted by promoted deals first
    Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
    Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
    Wise (TransferWise)
    4 hours
    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
    Finder exclusive: New and existing customers through Finder pay zero fees. Valid till 31 January 2022. T&Cs apply.
    Central FX's dedicated team will guide you or your business from first call to final payment.
    Currencies Direct
    24 hours
    £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 Transfer
    Within minutes
    £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)
    4 hours
    From £3.75

    View details
    Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
    CurrencyFair
    24 hours
    €3

    View details
    Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
    CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular 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.
    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 minutes
    From £1.99
    SPECIAL OFFER ✓ Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.

    View details
    Use code Take10GB to get £10 off when you spend £20. Valid till 31 January 2022. T&Cs apply.
    WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
    VertoFX Business
    24 hours
    £0

    View details
    Special offer: New customers get $100 trade credit after their first transaction. T&Cs apply.
    VertoFX sends money via bank transfer at competitive rates and fees in 35+ currencies.
    Wise (TransferWise) Business
    2 days
    From £3.75

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

    View details
    TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
    Currencies Direct Business
    24 hours
    £0
    SPECIAL OFFER ✓ https://www.currenciesdirect.com/en/info/refer-a-friend

    View details
    CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
    CurrencyFair Business
    24 hours
    €3

    View details
    Special offer: Zero fees on your first 10 transfers.
    CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
    WorldFirst Business
    24 hours
    £0

    View details
    WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
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