Currency Direct Foreign Exchange

Currencies Direct offers one of the largest international exchange options with over 60 currencies available. Its suite of services includes electronic money transfers, regular transfers and option to purchase travel money. Currencies Direct also offers foreign currency exchange for individuals that are emigrating, travelling overseas as a student or purchasing property in another country. Currencies Direct can be used by both personal and business clients with no minimum or maximum transfer amounts. This is a quick and simple way to transfer money overseas and save on standard fees charged by banks.

Company History

Started in 1996, Currencies Direct was the first non-bank foreign exchange company in the UK. Currencies Direct is privately owned and now has 16 offices around the world in countries such as France, Spain, India, Portugal, South Africa and USA. The company has more than 250 staff world-wide and transacts around $4 billion annually.

Quick Overview


Product Name Currencies Direct Foreign Exchange
Min. Transfer Amount AUD 1
Transfer Methods Online, Phone
Transfer Options One off payments, Market orders, Forward contracts
Transfer Speed 1 day
Banking Partner Currencies Direct
Customer ServicePhone, online
Available Currencies AED, ALL, AMD, ANG, AOA, ARS, AUD, AZN, BAM, BBD, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BWP, BYR, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, IQD, ISK, JMD, JOD, JPY, KES, KHR, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LTL, LVL, MAD, MGA, MKD, MNT, MRO, MUR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SLL, SRD, STD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, UYU, VEF, VND, VUV, WST, XCD, XOF, XPF, ZAR, ZMW

When to use Currencies Direct

Personal foreign exchange

For personal transfer requirements, Currencies Direct offers a helpful service with competitive rates through their ability to buy wholesale. Products offered include spot contracts (for on the spot transfers), regular payments, forward contracts, limit orders and market rate watch. Currencies Direct are determined to provide efficiency and give a transfer service that is considerably quicker than what standard banks can offer. Consider Currencies Direct for when you need to make repayments on an overseas mortgage, remit money to your home country when you work in a foreign country or if you are moving overseas.

Business foreign exchange

Currencies Direct aim to understand each business and their needs to assist in offering foreign exchange products to increase profitability. A Premier Business service is available which suits businesses that are aiming to trade and operate a hedge fund. This service includes a dedicated currency advisor who establishes a tailored account according to business goals. They assist in deal execution through a wide range of currency tools as well helping businesses implement strategies to improve cash flow. Currencies Direct can provide support in risk management, paying suppliers and e-commerce.

Why choose Currencies Direct

With commitment to safety and customer service, Currencies Direct offers reliable trading across an impressive 60 currencies. The company has serviced 200,000 individual and business clients around the world and the easy-to-navigate website allows you to calculate a quick conversion.

Currencies Direct will always quote a price for the currency you want to purchase or sell regardless of whether you are trading online or over the phone. This means you are more informed and there are no surprises. As exchange rates can fluctuate regularly, once you are quoted a price by Currencies Direct, you don't need to worry about that changing – that is the rate you get even if the price goes up.

News and updates are provided by Currencies Direct through various e-newsletter options as well as through the "news" tab on their website. You can choose to sign up to receive emails for a daily market analysis, daily rates update, weekly market analysis, quarterly newsletter or latest product news. Perfect for those wanting to stay in the know, the company has an active social media presence with updates shared on Twitter, Facebook as well as on their YouTube news channel.

Currencies Direct gives customers access to coupons, promotions and special offers from time to time such as vouchers for referring friends.

Security and Safety

Currencies Direct has been operating for 20 years which provides assurance of their reliability and commitment to client security. In 2010, the company was awarded a Level 1 credit score by Dun & Bradstreet which is their highest possible safety rating.

Information submitted by applicants and clients on the Currencies Direct website is protected through advanced levels of data encryption.

Further peace of mind is given by the company's registration with the Financial Conduct Authority (FCA) meaning money held by Currencies Direct is protected by the FCA code of ethics. In addition, money is held in a separate account to the company's own business bank accounts which keeps it segregated and lowers risk for customers.

How to send or receive money overseas using Currencies Direct

Simple application

Registering as a Currencies Direct customer is quick and easy and allows you to commence exchanging foreign currency in minutes. Information required in the application varies depending on whether you are applying as an individual or a business. This may include:

  • Personal details
  • Identification details
  • Currencies you would like to buy or sell in
  • Approximate transfer amounts
  • Reasons for transfers
  • Source of funds

To comply with legal regulations and FCA criteria, Currencies Direct requires proof of identity and address. This is why you may be required to provide bank statements and forms of ID such as a driver's license or passport. Registration is required to utilise the online system and it provides access to an expert account manager. Once signed up, there is no obligation to make payments if they are not required.

Callback Service

The Currencies Direct website offers a callback request service which lets you submit your name and number for a representative to call you at a time that best suits you. You can choose the time of day you would prefer a callback and it means you can save time by not having to wait in phone queues.

Making Payments

Currencies Direct presents several options to transfer funds either 24/7 through the online system, by using a debit card, through an electronic banking tool or by direct debit for regular transfers. By choosing an amount and the currency you want to transfer money in, Currencies Direct can send the money safely on your behalf.

Funds typically take between 24-48 hours max to clear depending on the countries money is transferred between. Currencies Direct encourages clients to contact the customer service team who can advise on expected lengths of time for transfers.

What are the costs?

Creating an account with Currencies Direct is free of charge and because money is sent from an in-country account, where possible, no transfer fees are charged. Your Currencies Direct account manager will disclose any applicable fees upfront and there are no hidden fees or commission when using the service.

Price beat guarantee

Currencies Direct guarantees to beat the banks and save you money on personal currency exchanges. As the company offers a large global service, cost-savings are even higher.