Currencies Direct international money transfers

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Send money in more than 60 currencies and avoid transaction fees.

  • Good for sending money in 60+ currencies through the app or online.
  • Not so great if you need the money transferred instantly or want to pay by credit card.

£0

Fees (Pay by Bank Transfer)

£2,000

Minimum Transfer Amount

No limit

Maximum Transfer Amount

Details

Product NameCurrencies Direct
Minimum Transfer Amount£2,000
Maximum Transfer AmountNo limit
Pay ByBank transfer
Receiving OptionsBank account, Mobile wallet
Customer ServicePhone, Email, In person
Available CurrenciesAED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR
Bank Account Required?Yes
Personal Account Manager?Yes

Currencies Direct exchange rates and fees

Currencies Direct doesn’t charge any fees or commissions on most transactions, but if a fee does apply to your transfer for some reason then this amount is declared upfront.

However, even if there aren’t any transaction fees, it’s important to be aware that the total cost of your transaction will be determined by the exchange rate you receive. Currencies Direct adds a margin on top of the mid-market exchange rate and updates its rates every few seconds. But once you book a transfer over the phone or online, the rate you have agreed upon will be locked in, regardless of market fluctuations that may occur before your transaction is completed.

Data updated regularly
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Currencies Direct
Within an hour
£0

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
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Available currencies

Currencies Direct lets you send money overseas in more than 60 currencies, including:

  • EUR Euro
  • AUD Australian dollar
  • CAD Canadian dollar
  • JPY Japanese yen
  • NZD New Zealand dollar
  • SGD Singapore dollar
  • THB Thai baht
  • USD US dollar

You can see a full list of the currencies offered by Currencies Direct above.

What types of transfers can you make with Currencies Direct?

Currencies Direct offers personal and business transfers.

Personal transfers

You can send the following types of transfers online or using the Currencies Direct mobile app:

  • Spot contracts. Spot contracts allow you to make an immediate, one-off transfer.
  • Forward contracts. If you’re willing to pay a small deposit, you can lock in an exchange rate now for a transaction that will take place in up to one year’s time.
  • Recurring payments. If you need to make a regular ongoing payment, such as paying rent on an overseas property, Currencies Direct lets you automate your recurring transactions.
  • Limit orders. You can use a limit order to specify the exchange rate you want and Currencies Direct will automatically execute the transaction when that rate becomes available.

Business transfers

International payment solutions for businesses include:

  • Incoming payments. Manage your payments in a multi-currency account that accepts GBP, EUR, USD and JPY.
  • Outgoing payments. Business customers can make international payments in more than 120 currencies.
  • Risk management solutions. Currencies Direct offers a range of risk management tools to help businesses protect themselves against market volatility and lock in a better exchange rate.
  • Online sellers. Currencies Direct multi-currency accounts allow sellers to receive payments from and send money to international suppliers.

How long does a transfer with Currencies Direct take?

Transfer times vary depending on where you are sending money and how long it takes for your funds to arrive into Currencies Direct’s account.

While transfers to Europe can often be completed on the same day, most transactions take between 24 and 48 hours.

What payment methods does Currencies Direct accept?

Currencies Direct accepts two payment methods:

  • Bank transfer
  • Debit card (GBP and EUR cards only)

Transfers typically takeClock icon for transfer speed

24 hours

Is Currencies Direct safe to use?

  • Security and regulation: Regulated in more than five countries
  • Established: 1996
  • Number of customers: 275,000
  • Reviews: TrustScore of 4.8/5* based on more than 4,000 reviews on Trustpilot
  • Locations: More than 20 branches worldwide
According to Currencies Direct and Trustpilot on 5 February 2020

Currencies Direct is based in the UK and regulated by the Financial Conduct Authority. Established in 1996, it claims to have helped more than 275,000 people and businesses send international money transfers.

Currencies Direct also has a level 1 credit rating with Dun & Bradstreet, and it keeps all of its customers’ funds in a segregated client account.

How does Currencies Direct make money?

Currencies Direct makes money on the spread. This is the difference between the wholesale rate at which it buys currency – which is commonly known as the mid-market or interbank rate – and the price at which it sells currency to customers.

How to register an account

You can sign up for a free account with Currencies Direct by completing the following steps:

How do I make an international money transfer with Currencies Direct?

To send money overseas, complete the following steps:

  1. Visit the Currencies Direct website and log into your account.
  2. Start a new transfer and enter the details of your transaction, including the transfer amount, the currency and who you’re sending the money to.
  3. Lock in an exchange rate for your transaction.
  4. Send a bank transfer or use a debit card to pay for your transaction.
  5. Currencies Direct will send the transfer as soon as it receives your payment.

What is Currencies Direct?

Founded in London in 1996, Currencies Direct has since helped more than 275,000 personal and business customers send money overseas. Today, it has 20 offices across the UK, Spain, France, Portugal, the US, South Africa, India and China. Currencies Direct is authorised by the UK’s Financial Conduct Authority as an Electronic Money Institution.

In a nutshell

Pros

  • Established company. Currencies Direct was established in 1996 and has branches in 20 countries.
  • Wide range of supported currencies.
  • No transaction fees. Most transfers sent with Currencies Direct do not require any transaction fees.
  • Transfer app available. Android and iOS users can send transfers from their mobile devices using the Currencies Direct app.

Cons

  • Can’t pay by credit card. Currencies Direct doesn’t accept credit card payments.
  • Not suitable if you want to send a fast transfer. If time is critical and you want to get funds to your recipient within minutes, you’ll need to consider other transfer services.

How does Currencies Direct compare to other providers?

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.
Data updated regularly
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
TransferWise for large transfers
Within an hour
From £3.75

View details
TransferWise 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.
SpartanFX
24 hours
£0

View details
SpartanFX has fee-free transfers, a best exchange rate guarantee and personalised one-to-one support for every customer.
Universal Partners FX
24 hours
£0

View details
Universal Partners FX offers competitive exchange rates and same-day transfers in 100+ currencies.
PagoFX for large transfers
Within an hour
Varies

View details
PagoFX offers fast and cheap international money transfers from the UK and is backed by Santander.
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.
Central FX
24 hours
£0

View details
CentralFX's dedicated team will guide you or your business from first call to final payment.
TransferWise
Within an hour
From £3.75

View details
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
PagoFX
Within an hour
Varies

View details
PagoFX offers fast and cheap international money transfers from the UK and is backed by Santander.
XE Money Transfers
24 hours
£0
SPECIAL OFFER ✓ Zero fees on your first 10 transfers

View details
XE has fast transfers with no fees and a range of foreign currency tools.
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.
PassTo
PassTo
24 hours
£0

View details
PassTo specialises in remittances to bank accounts and cash pickup locations in 15+ countries.
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