Key Currency review

Enjoy personalised services and competitive exchange rates.

  • Competitive exchange rates and a range of FX tools making it ideal for currency transfers.
  • Only suitable for large transfers as the minimum amount is £5000.
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Details

Product NameKey Currency
Pay byBank transfer
Receiving optionsBank account
Customer servicePhone, Email
Available currenciesAED, AUD, BHD, BWP, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, KES, KWD, MAD, MUR, MXN, NOK, NZD, OMR, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, UGX, USD, ZAR
Personal account manager?Yes

Key Currency is a UK based currency broker which provides international money transfer services for both personal and business customers. It takes a hands on approach, providing you with a personal representative to discuss your money transfer needs with. You can also take advantage of FX tools such as forward contracts and limit orders to keep transfer costs as low as possible.

Why should I consider Key Currency?

  • Competitive exchange rates. Key Currency has built relationships with leading banks in order to offer competitive exchange rates.
  • Personalised service. Once registered, you will be assigned a personal representative to guide you through the process.
  • No fees. As a currency brokerage, Key Currency doesn’t charge fees for its service.
  • FX tools. You can make use of tools such as limit orders, forward contracts, rate alerts, regular payments and spot contracts.

What do I need to be aware of?

  • Small transfers. The company primarily deals with transfers above £5,000, so it’s not suitable for smaller transfers.
  • Transparency. You are unable to view exchange rates and costs ahead of time, instead you need to register to receive a quote.
  • Limited payment options. Payments are made by bank transfer only, there are no options to pay by card or cash.

How much are Key Currency’s transfer fees?

As a currency broker, Key Currency doesn’t charge any fees for its services. It’s free to sign up for an account. However, any fees or charges Key Currency incurs as a result of a currency conversion will be passed on to the customer.

How are Key Currency’s exchange rates?

While Key Currency doesn’t advertise its exchange rates, reports from previous customers indicate they are competitive. Like most money transfer providers, Key Currency adds a markup to the mid-market rate in order to make a profit. This may differ depending on the amount and which currencies are being exchanged.

What are the ways I can send money abroad with Key Currency?

You personal representative will be able to help you find the best option for your transfer. Key Currency has several options available to help secure the best rate for your transfer:

  • Spot contracts. Make a one-time transfer at the current exchange rate offered.
  • Forward contracts. If you need to make a payment at a future date, you can protect yourself from unfavourable changes in the exchange rate by entering into a forward contract up to 12 months in advance.
  • Recurring payments. Set up regular payments for the transfer of salaries, pensions, mortgages and rent.
  • Limit orders. Set a target exchange rate and complete the transaction when it hits that level.

How to make your first international money transfer with Key Currency

To make your first money transfer with Key Currency, you will first need to sign up for an account.

What are Key Currency’s payment options?

Key Currency only supports bank transfers as a payment option. To pay for your international transfer, you will be asked to send funds to a segregated client account.

How long does an international transfer with Key Currency take?

Your funds will usually arrive at your chosen destination within 1-2 business days for most major currencies. However, if you transfer out of the SEPA zone or make a SWIFT transfer, it may take a few more days for your money to arrive.

Transfers typically takeClock icon for transfer speed

1-2 days

Is Key Currency safe to use?

  • Regulation. FCA regulated and registered with the Bank of Spain.
  • Established. 2015.
  • Security. Client funds held in segregated accounts.
  • Reviews. TrustScore of 4.9/5* from 1,265 reviews on Trustpilot.

*According to Key Currency and Trustpilot on 18 July 2022.

Key Currency is an independent, privately-owned currency broker which is located in the UK. Its payments system uses highly secure technology and all money transfers are conducted through safeguarded client accounts.

Go to Key Currency's website

How does Key Currency compare to other money transfer 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.
1 - 20 of 22
Name Product Filter values Fastest transfer speed Fees (pay by bank transfer) Learn more
TorFX
24 hours
£0

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TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Wise (TransferWise)
4 hours
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Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
OFX
24 hours
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OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Key Currency
24 hours
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Make same-day transfers in all major currencies across Europe.
CurrencyTransfer
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Currencies Direct
24 hours
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CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
Xe
Within minutes
£2
SPECIAL OFFER ✓ £25 Amazon voucher when you refer a friend

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Xe has fast transfers with low fees and a range of foreign currency tools.
PassTo
Within minutes
From £0.99

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Get the first 2 transfers for free. Refer PassTo to 3 friends to earn £50 once they each make a transfer of £200 or more. They'll earn £5 too.
PassTo specialises in remittances to bank accounts and cash pickup locations in 45+ countries.
Atlantic Money (iPhone only)
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Remitly
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SPECIAL OFFER ✓ Get £10 off with code FINDER

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Remitly has quick, affordable transfers around the world, with both express and economy options.
CurrencyFair
24 hours
£2.50

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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.
Revolut
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SPECIAL OFFER ✓ Sign up and get a free £10 top-up plus 1 month of Revolut Premium

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New customers get a £10 top-up when they sign up with Finder plus a premium month for free. T&Cs apply.
Revolut is a digital bank that sends money fast to 30+ currencies, often with no fee added to the exchange rate.
WorldRemit
Within minutes
From £1.99
SPECIAL OFFER ✓ Use promo code 4FREEFINDER to send your first 4 transfers with no fee. Conditions apply.

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WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Airwallex multi-currency business account
Within minutes
£0

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Make business transfers to 130+ countries in 30+ currencies without international fees.
TorFX Business
24 hours
£0

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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

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CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
OFX Business
24 hours
£0

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OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
CurrencyFair Business
24 hours
£2.50

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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

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WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
Wise (TransferWise) Business
2 days
From £3.75

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Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
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