{"id":458616,"date":"2022-07-22T08:55:27","date_gmt":"2022-07-22T07:55:27","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=458616"},"modified":"2024-03-25T11:57:27","modified_gmt":"2024-03-25T11:57:27","slug":"key-currency","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/international-money-transfers\/key-currency","title":{"rendered":"Key Currency review"},"content":{"rendered":"<h3>How much are Key Currency\u2019s transfer fees?<\/h3><p>As a currency broker, Key Currency doesn\u2019t charge any fees for its services. It\u2019s 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.<\/p><div class=\"text-center\"><a class=\"luna-button luna-button--success luna-button--large scroll\" type=\"button\" href=\"#compare\">Compare money transfer services<\/a><\/div><h3>How are Key Currency\u2019s exchange rates?<\/h3><p>While Key Currency doesn\u2019t advertise its <a href=\"https:\/\/www.finder.com\/uk\/international-money-transfers\/best-exchange-rate\">exchange rates<\/a>, 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.<\/p><h3>What are the ways I can send money abroad with Key Currency?<\/h3><p>Your 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:<\/p><ul><li><strong>Spot contracts.<\/strong> Make a one-time transfer at the current exchange rate offered.<\/li><li><strong>Forward contracts.<\/strong> 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.<\/li><li><strong>Recurring payments.<\/strong> Set up regular payments for the transfer of salaries, pensions, mortgages and rent.<\/li><li><strong>Limit orders.<\/strong> Set a target exchange rate and complete the transaction when it hits that level.<\/li><\/ul><h4>How to make your first international money transfer with Key Currency<\/h4><p>To make your first money transfer with Key Currency, you will first need to sign up for an account.<\/p><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Step 1: Head to Key Currency's website<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Visit Key Currency\u2019s homepage and click on <b>Open an account<\/b>.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">Step 2: Choose account type<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>You will then be prompted to choose whether you want a personal or business account. For the purpose of this review, we selected personal account.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">Step 3: Provide personal details<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>You will then need to submit your personal information including name, DOB and address.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000003\" data-toggle=\"collapse\" data-target=\"#accordion0000000003\">\n        <span class=\"luna-accordion__title\">Step 4: Get a quote<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000003\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Speak to your personal representative about what currency you need and the amount. They will then be able to give you a quote. If you are happy with this, move on to the next step.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000004\" data-toggle=\"collapse\" data-target=\"#accordion0000000004\">\n        <span class=\"luna-accordion__title\">Step 5: Make your payment<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000004\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Send your money via bank transfer to a segregated client account.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000005\" data-toggle=\"collapse\" data-target=\"#accordion0000000005\">\n        <span class=\"luna-accordion__title\">Step 6: Transfer sent<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000005\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Your funds are converted and transferred to the account you requested as soon as your payment is received.<\/p><\/div>\n  <\/div>\n<\/li><\/ul><h3>What are Key Currency\u2019s payment options?<\/h3><p>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.<\/p><div class=\"u-grid\"><div class=\"u-grid__col u-3\/4@s\"><h3>How long does an international transfer with Key Currency take?<\/h3><p>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.<\/p><\/div><div class=\"u-grid__col u-1\/4@s\"><article class=\"luna-card luna-card--shadow\"><div class=\"luna-card__block\"><div class=\"fin-text-blue aligncenter\"><p class=\"fin-text-blue aligncenter\">Transfers typically take<img decoding=\"async\" class=\"aligncenter size-full wp-image-1635812\" src=\"https:\/\/www.finder.com\/finder-au\/wp-uploads\/2018\/09\/imt-transfer-speed-icon.png\" alt=\"Clock icon for transfer speed\" width=\"65\" height=\"66\" srcset=\"https:\/\/www.finder.com\/finder-au\/wp-uploads\/2018\/09\/imt-transfer-speed-icon.png?fit=180 180w, https:\/\/www.finder.com\/finder-au\/wp-uploads\/2018\/09\/imt-transfer-speed-icon.png?fit=195 195w\" sizes=\"(max-width: 195px) 100vw, 195px\" loading=\"lazy\"><\/p><h4 class=\"fin-text-blue aligncenter\">1-2 days<\/h4><\/div><\/div><\/article><\/div><\/div><h3>Key Currency reviews and complaints<\/h3><p>Key Currency is rated as \u201cexcellent\u201d on Trustpilot and has a rating of 4.9 out of 5, based on 1,489 customer reviews. Positive reviews highlight their professional customer service and competitive rates. Negative reviews mention how the company isn\u2019t suitable for making small transfers abroad. 93% of customers rated them five stars and around 1% rated them three stars or lower. Despite the high number of positive reviews, it\u2019s reading complaints before signing up.<\/p><h3 id=\"safe\">Is Key Currency safe to use?<\/h3><ul><li><strong>Regulation.<\/strong> FCA regulated and registered with the Bank of Spain.<\/li><li><strong>Established.<\/strong> 2015.<\/li><li><strong>Security.<\/strong> Client funds held in segregated accounts.<\/li><li><strong>Reviews.<\/strong> TrustScore of 4.9\/5* from \u200e1,489 reviews on Trustpilot.<\/li><\/ul><p><small>*According to Key Currency and Trustpilot on 24 March 2023.<\/small><\/p><p>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.<\/p><section class=\"hero-rates__cta\">\r\n  \r\n    <a class=\"luna-button luna-button--success luna-button--cta has-margin-bottom-xsmall\" rel=\"nofollow\" href=\"https:\/\/www.finder.com\/redirect\/uk\/money-transfer\/keycurrency-uk-secure.html?nb=1&amp;src_country=uk&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%220ec58a23-3088-4f97-8d29-60bd7192cab7%22%2C%22product_name%22%3A%22Key%2BCurrency%22%2C%22offer_id%22%3A%2222324%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.CALL_TO_ACTION%22%2C%22niche_code%22%3A%22UKFMT%22%2C%22post_id%22%3A%22458616%22%2C%22post_path%22%3A%22international-money-transfers%252Fkey-currency%22%2C%22post_country%22%3A%22uk%22%7D\" target=\"_blank\">\r\n      \r\n        Go to\r\n         \r\n      Key Currency's website\r\n    <\/a>\r\n\r\n  \r\n<\/section>\n<div id=\"lazy0000000000\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000000\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/arrow-link\\\/prod\\\/arrow-link.b54cdc282fcfbd8bdad2.css\"]}<\/script><h3 id=\"faq\">Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">Who owns Key Currency?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Key Currency is an independent, privately owned company headquartered in Truro, Cornwall.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">How do I contact Key Currency?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You can request a callback through Key Currency's website. Alternatively you can contact them on +44 (0)1872 487 500 or at support@keycurrency.co.uk.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\">We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms \"best\", \"top\", \"cheap\" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our <a href=\"https:\/\/www.finder.com\/uk\/terms-of-use\" class=\"fin-text-navy\">terms of use<\/a>. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.<\/div><\/article>","protected":false},"excerpt":{"rendered":"<p>Discover if this UK-based currency broker can save you money on your next international money transfer. <\/p>\n","protected":false},"author":1329,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[13],"tags":[],"asset_tag":[],"class_list":["post-458616","post","type-post","status-publish","format-standard","hentry","category-international-money-transfers"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Key Currency review: Fees, limits and more | Finder UK<\/title>\n<meta name=\"description\" content=\"Discover if this UK-based currency broker can save you money on your next international money transfer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/uk\/international-money-transfers\/key-currency\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key Currency review\" \/>\n<meta property=\"og:description\" content=\"Discover if this UK-based currency broker can save you money on your next international money transfer.\" \/>\n<meta property=\"og:url\" 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month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. 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