Currencies Direct international money transfers review

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We take a closer look at Currencies Direct to see how they perform

  • 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 2,500

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed


Product NameCurrencies Direct International Money Transfers
Min. Transfer AmountGBP 2,500
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Email
Online Transfer FeeEUR 0
Branch Transfer FeeEUR 0
Phone Transfer FeeEUR 0
Exchange Rate UpdatesReal time

Currencies Direct exchange rates

Currencies Direct keeps a close eye on exchange rates to make sure you get the best outcome for your money. Its rate watch service allows you to specify your ideal exchange rate range so that you can be notified by email as soon as the rate hits, allowing you to act immediately. And it updates global exchange rates every 15 minutes for reliable, up-to-date data.

If you have the time and patience, Currencies Direct’s limit orders let you set a specific rate for the amount of money you want to exchange. When that rate finally hits, simply respond to the notification with your authorization, and the exchange will proceed immediately without a hassle. Users speak highly of this service, as well as Currencies Direct’s easy-to-use website. An operator will even walk you through the process by phone.

How much does Currencies Direct mark up their exchange rates?

Amount Percentage
0-2K 3%
2 ,001 – 4,000 1%
4k+ 0.4%

How much will using Currencies Direct cost me?

Currencies Direct uses a transparent percentage-based fee structure for their transfers:

Amount sent in $ Percentage fee
0 – 2,000K 1.4%
2 ,001 – 50,000 0.39%
50,001 – 200,000 0.29%
200,001+ 0.2%

Unlike most banks, Currencies Direct doesn’t require commission or any other fees. It takes a small percentage of the amount you wish to transfer, adding that amount to the cost estimate it sends you.

Let’s say you’re trying to send money to Hong Kong to buy a boat for your business. The price is $40,000, but your salesman will only accept it in Hong Kong dollars.

With the help of the currency converter tool, you’ll see not only what the conversion will be, but also your approximate savings over using a bank. At a fee of 0.39%, you’ll pay $156 in exchange fees to Currencies Direct. A bank would have added at least $500 more to send the same amount to Hong Kong.

Calculate receive amounts with Currencies Direct

Table: sorted by a combination of service offering and the amount your recipient will receive
Please note that rates change by the minute and the rate you see here may change once you get to the Currencies Direct site.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details

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Opening an account with Currencies Direct

To transfer money with Currencies Direct, you must open a free account as part of your initial transfer. Sending money is a two-step process, with your funds transferred first to your Currencies Direct account and then to your recipient.

To open an account, you’ll need:

  • Your passport.
  • Your Social Security number
  • A government-issued ID — for example, your driver’s license — or other proof of address
  • Your recipient’s name, contact information and banking information, including the bank’s SWIFT code.
  • A valid payment method.

Steps to transfer your money online

Follow these steps to set up your Currencies Direct account and transfer your money.

Where can I send my money?

Any location in the world. Whether it’s business or personal, as long as there’s a bank or account to store it in, Currencies Direct will send it. You can even hold money in a collection account, but only for euros, US dollars and British pounds. Conversion charges apply for other currencies.

What is a collection account?

A collection account is a segregated account in which you can accept payments from such marketplaces as Amazon, eBay and Fnac. You’ll need to make sure that your marketplace won’t convert your balance into another currency before depositing it into your collection account, or you may be charged more fees.

What type of transfers does Currencies Direct support?

Currencies Direct operates solely online. It uses a wireless transfer to send and exchange your funds to any banking account you designate. Recipients can then pick up or transfer the funds from that account. If you live in Orlando, you can speak with a representative at Currencies Direct’s office. Otherwise, live chat, email, and a customer line are also available to get in touch.

How do I send or receive money through Currencies Direct?

You first need to register with the website. There’s a button in the upper-right corner that you’ll use to pick between business or personal accounts. From there, follow the instructions. Make sure to set up an email address for notifications.

Once that’s complete, select the type of transaction or exchange you wish to enact, designate the funds and send. Each time you receive or send funds, Currencies Direct will email notifications of the status of your transaction. You can also request statements at any time online.
How safe is Currencies Direct for money transfers?

Pros and cons of using Currencies Direct?

Pros and cons

  • No fees for 90% of its transactions.
  • Worldwide service.
  • Competitive exchange rates.
  • Low minimum transfer amount.
  • Supports big transactions at a seemingly unlimited max.
  • Focused and efficient customer service.
  • Can keep an eye on transfer rates and alert you when your ideal rate hits.


  • Does not support all currencies.
  • No cash pickup option.

More than just international money transfers

Currencies Direct is more than just personal money transfers, offering:

  • Overseas property services. So that you can untangle the complexities of currency exchanges when purchasing a home in another country.
  • E-tailing. It offers a service geared to help online retailers.
  • Business services. Business owners can take advantage of a suite of services that include market views, cash and risk management and deal execution.

Shopping for an alternative? Compare competing services to Currencies Direct.

Frequently asked questions

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