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.

GBP 2,000

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed

Details

Product NameCurrencies Direct International Money Transfers
Min. Transfer AmountGBP 2,000
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Email
Available CurrenciesAED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR
Online Transfer FeeEUR 0
Branch Transfer FeeEUR 0
Phone Transfer FeeEUR 0
Exchange Rate UpdatesReal time

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.

Calculate how much sending money overseas would cost with Currencies Direct by using our tool below.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 2,000 1 day GBP 0.00 1.113 EUR
11,126
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details

Compare up to 4 providers

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

2 days

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 a combination of service offering and the amount your recipient will receive

Want to see how Currencies Direct compares to the competition? Enter your transfer details into the calculator below and see how much your transaction will cost with a range of money transfer providers.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 2,000 1 day GBP 0.00 1.113 EUR
11,126
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details
GBP 5,000 Same day GBP 0.00 1.113 EUR
11,126
Universal Partners FX offers competitive exchange rates and same-day transfers for 100+ currencies. Go to site Show details
GBP 2,500 Same day GBP 0.00 1.113 EUR
11,126
Central FX’s dedicated private client team will guide you through the money transfer process from first call to final payment. Go to site Show details
GBP 1 Same day GBP 0.00 1.113 EUR
11,126
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 3,000 1 day GBP 0.00 1.113 EUR
11,126
Get no fees as a Finder customer when you transfer your money overseas with Global Reach. Go to site Show details
GBP 5,000 1 day GBP 0.00 1.113 EUR
11,126
Take advantage of fee lock-ins and live bookable rates, helping you save up to 85% in hidden bank fees. Go to site Show details
GBP 1,000 Same day GBP 0.00 1.113 EUR
11,126
Clear Capital specialises in sending 150+ currencies abroad for individuals and businesses, with a dedicated account manager to help you. Go to site Show details
GBP 2,000 1 day GBP 0.00 1.113 EUR
11,126
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.113 EUR
11,126
With 17 years of foreign exchange expertise, OFX know the money transfers business very well, offering facilities for one-off and recurring transfers. Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.113 EUR
11,126
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
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GBP 1 1 - 2 days GBP 1.99 1.103 EUR
11,023
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
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GBP 5 2 days EUR 3.00 1.111 EUR
11,114
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
GBP 10 Within an hour GBP 2.00 1.111 EUR
11,109
First two transfers free for new customers.
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points.
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GBP 50 Same day GBP 2.99 1.106 EUR
11,055
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
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Compare up to 4 providers

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