Currencies Direct Review

Currencies Direct Review Summary

Currencies Direct is a foreign exchange provider that offers a range of services. For individuals. The company works with many different currencies. Clients of Currencies Direct are generally satisfied with the service they receive, and many have been using the company for years. The company provides a wide variety of services, and is particularly suitable for international customers. For individuals, the company offers a multi-currency account that allows you to receive and send funds in multiple currencies. Depending on the country, you can use your account to make purchases in the US, UK, Europe, and Asia. For businesses, Currencies Direct offers services including risk management, local collection accounts, and mass international payments.

Currencies Direct review
Currencies Direct Features

Currencies Direct Year Established

1995

Currencies Direct International Clients

Currencies Direct accepts international clients.

Currencies Direct Age requirement

18 years

Currencies Direct Currencies Offered

22 online

Currencies Direct Minimum Transfer

none

Currencies Direct Transfer Fees

none

Currencies Direct Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Currencies Direct Employees

276

Currencies Direct Turnover

257,000,000 USD

Currencies Direct Regulation

Financial Crimes Enforcement Network (“FinCEN”)

Currencies Direct Fees

Currencies Direct transfer fees are none.

Fees with Currencies Direct may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Currencies Direct, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Currencies Direct Client Rating

Currencies Direct has a rating of 3.

Number of Currencies Direct customers

325,000

Currencies Direct Website

www.currenciesdirect.com

Currencies Direct Supported Languages

Currencies Direct Review

Currencies Direct review
Pros and Cons of Transferring Money with Currencies Direct

Most of the time money transfers with Currencies Direct will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Currencies Direct money prior to submitting an application to Currencies Direct.

Can you easily afford the Currencies Direct fees, are the exchange rate costs reasonable with Currencies Direct?

Currencies Direct review
Currencies Direct Advantages

  • Currencies Direct has been in business over 4 years
  • Currencies Direct offers PayPal as a payment method
  • Currencies Direct offers Neteller as a payment method
  • Currencies Direct offers Skrill as a payment method
  • Currencies Direct is availble in many international countries.
  • Currencies Direct offers a wide range of money transfer currency options.
  • Currencies Direct offers phone support.
  • Currencies Direct offers email support.
  • Currencies Direct offers an Apple iOS mobile application.
  • Currencies Direct offers an Android Google Play Store mobile app.

Currencies Direct review
Currencies Direct Disadvantages

  • Currencies Direct does not offer PayPal as a payment method
  • Currencies Direct does not offer Neteller as a payment method
  • Currencies Direct does not offer Skrill as a payment method
  • Currencies Direct does not offer a mobile wallet.
  • Currencies Direct does not offer Home delivery for money transfers.
  • Currencies Direct does not offer Cash pickups for money transfers.
  • Currencies Direct does not offer Money orders.
  • Currencies Direct does not offer Livechat support.

What Is Currencies Direct?

Currencies Direct is a financial service company, that offers its clients money transfer services.

Currencies Direct was founded in 1995 by Leo Markides and has offices in London (GB).

Currencies Direct provides money transfer services to its 325,000 customers who are from all over the world including Most of the countries around the globe.

The London (GB) Currencies Direct business was founded in 1995 to deliver money orders locally and internationally.

Do Currencies Direct Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Currencies Direct Trusted And Established?

Currencies Direct is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Currencies Direct was established in 1995 in London (GB), and has been in operation for around 27 years Currencies Direct have a head office in London (GB).

Currencies Direct review
How much does it cost to send a Currencies Direct Transfer?

Currencies Direct money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Currencies Direct only charges none, when compared to other money transfer service providers.

Currencies Direct review
How much can I send with Currencies Direct?

The maximum transfer amount with Currencies Direct is up to 25000 GBP (or its currency equivalent) online.

While Currencies Direct charges a small percent of transfer fees, the brand offers reasonable exchange rates.

Currencies Direct review
Currencies Direct Money Transfer Terms and Conditions

When transferring money with Currencies Direct, it is crucial to keep tabs on the following:

  1. Currencies Direct Speediness. Often the need to money transfer may be urgent and time critical.
  2. Currencies Direct Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Currencies Direct Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Currencies Direct Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Currencies Direct Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Currencies Direct customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Currencies Direct review
How Currencies Direct Compares To Other Money Transfer Companies

NameCurrencies DirectXE Money TransferWise
Usedby325,00028000000011000000
Transfer Time1-2 business days1-4 business days1-2 business days
Min TransfernoneUS$1.00US$1.00
Max Transfer25000 GBPUS$500,000.00 (or equivalent)US$1,000,000 (varies based on currency)
Payment MethodsBank transfer, debit cardBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Currencies Direct review
Currencies Direct Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Currencies Direct or imposed by Currencies Direct. Your Currencies Direct money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Currencies Direct account.

Currencies Direct review
Currencies Direct Fees & Exchange Rates

Several money transfer platforms like Currencies Direct charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Currencies Direct may charge for a currency exchange.

Currencies Direct review
Currencies Direct Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Currencies Direct charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

Currencies Direct review
Currencies Direct Exchange Rate Margins

Exchange rate margins are how Currencies Direct, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Currencies Direct quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Currencies Direct to see what their exchange rate margin is.

Currencies Direct review
Currencies Direct Methods to Transfer Funds

A Currencies Direct fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Currencies Direct enables users to transfer money using bank transfer, via none.

Currencies Direct review
Currencies Direct Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Currencies Direct offers every available world currency to its customers. We list the major Currencies Direct supported currencies below.

Currencies Direct Money Transfer Currencies
NameCurrencies
AUD, CAD, DKK, EUR, HUF, INR, JPY, MUR, MAD, NZD, NOK, PLN, RON, SGD, ZAR, SEK, CHF, THB, AED, USD, HKD, RMB
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD
AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYN, BYR, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PRB, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SRD, SSP, STD, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW

Currencies Direct review
Currencies Direct Transfer Options

Currencies Direct offers the following transfer options:

Currencies Direct Money Transfer Options Compared
NameTransfer Options
Bank deposit
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery
cash

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Currencies Direct. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Currencies Direct review
Who Currencies Direct Services Are Available To

Currencies Direct offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Currencies Direct Country Restrictions

Currencies Direct does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Currencies Direct is not allowed to legally operate in those regions or it is not economically viable for Currencies Direct to provide money services in these regions.

Currencies Direct review
Currencies Direct International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Currencies Direct money transfer is quick and simple with the modern Currencies Direct online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Currencies Direct website.

The Currencies Direct website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

Currencies Direct review
Currencies Direct Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Currencies Direct has a minimum transfer amount of none.

Currencies Direct review
Currencies Direct Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Currencies Direct does not have a maximum transfer limit when the user is paying through phone. There is however, a 25000 GBP limit per transaction for online transfers.

Currencies Direct review
Currencies Direct Money Transfer Fees and Charges

These are the fees charged by Currencies Direct and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

Currencies Direct review
How Long Does It Take to Get a Currencies Direct Money Transfer

Currencies Direct money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Currencies Direct, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Currencies Direct.

Currencies Direct review
Currencies Direct PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Currencies Direct is not a publically listed company. Currencies Direct is a privately owned company.

Currencies Direct review
Currencies Direct Money Orders

The charges for issuing money orders with Currencies Direct are none.

Currencies Direct review
Currencies Direct Mobile Top Up

Currencies Direct offers mobile top ups.Currencies Direct mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Currencies Direct COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Currencies Direct directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Currencies Direct Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Currencies Direct. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Currencies Direct money transfers are best for people looking for looking for a reliable fast money transfer service.

Currencies Direct Guide for Fast Money Transfer Approval

For Currencies Direct to be able to process your money transfer application as quickly as possible make sure you have everything Currencies Direct need. If you and Currencies Direct need to go back and forth it may delay the Currencies Direct application process. Make sure every piece of information you give Currencies Direct is accurate.

Please note that you must have at least a minimum of one active bank account for Currencies Direct to process your money transfer.

Currencies Direct Application Time

Application time refers to the amount of time you have to wait for your Currencies Direct registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Currencies Direct system.

Currencies Direct Approval Time

It is the time it takes for Currencies Direct money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Currencies Direct Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Currencies Direct money transfer has been approved the money should be in your account within four working days.

Currencies Direct review
Things to Check Before a Currencies Direct Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Currencies Direct money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Currencies Direct review
Currencies Direct Customer Support

Currencies Direct support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Currencies Direct customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Currencies Direct money transfer you will want to speak to a Currencies Direct representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

Currencies Direct review
Does Currencies Direct Offer Live Chat?

Customers can reach out to Currencies Direct through live chat to resolve Currencies Direct money transfer account issues or difficulties with their Currencies Direct account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Currencies Direct review
How does Currencies Direct Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Currencies Direct you will want to know how Currencies Direct compares with other leading online money transfer companies. See how Currencies Direct compares below.

  1. Visit Currencies Direct alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Currencies Direct alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  3. Visit Currencies Direct alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  4. Visit Currencies Direct alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  5. Visit Currencies Direct alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Currencies Direct alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  7. Visit Currencies Direct alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  8. Visit Currencies Direct alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  9. Visit Currencies Direct alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  10. Visit Currencies Direct alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

  11. Visit Currencies Direct alternative Moneycorp

    Used By: 15000000
    Currencies Available: 161
    Transfer Fees: none
    Payment Methods: debit card via our online platform or a wire transfer, cash
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 50 USD/GBP/EUR
    Max Transfer: none
    Year Founded: 1962

Currencies Direct review
Currencies Direct Website and Mobile Apps

Currencies Direct has a website available online but it may be useful to manage your Currencies Direct account from your mobile device like your tablet or phone.

Currencies Direct offers an Android mobile application on the Google Play store.

Currencies Direct offers an Apple IOS mobile application for iPhones and iPads allowing Currencies Direct to users to check their Currencies Direct accounts on their iOS mobile devices.

Currencies Direct review
Currencies Direct Deposit and withdrawal Methods

Currencies Direct offers the following Money Transfer payment methods: Bank transfer, debit card. All of significant bank systems are all acknowledged with Currencies Direct.

Currencies Direct offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Currencies Direct may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Currencies Direct.

Currencies Direct review
Is My Money Safe With Currencies Direct?

Currencies Direct is a reliable, secure, and trusted option for sending money overseas. Currencies Direct are registered and regulated with the Financial Crimes Enforcement Network (“FinCEN”).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Currencies Direct customers.

Currencies Direct review
Currencies Direct Financial Regulation and Safety of Currencies Direct Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Currencies Direct that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Currencies Direct is fully licenced as a money transfer company.

Currencies Direct review
Currencies Direct Payment Services Regulations and Currencies Direct

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Currencies Direct is financially regulated. Currencies Direct is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Currencies Direct Possess a responsibility of care to their clients.

Is Currencies Direct Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Currencies Direct are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Currencies Direct and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Currencies Direct Segregation of Client Funds

Currencies Direct as part of their regulation are required to segregate client funds from Currencies Direct company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Currencies Direct regulatory requirements mean that Currencies Direct Money Transfer funds and your funds should be totally separate. Currencies Direct cannot use any money that is still legally yours to conduct Currencies Direct daily business like paying Currencies Direct suppliers and costs. Your funds should be kept by Currencies Direct in a segregated bank account.

Currencies Direct Regulation Checklist

  • Check whether Currencies Direct has authorisation to offer consumer credit
  • Check the type of activities that Currencies Direct are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Currencies Direct list on their website and the regulator match.

Currencies Direct Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Currencies Direct goes to great lengths to protect your Currencies Direct account from fraudulent use. We explain some of Currencies Direct anti-fraud features below:

  1. Currencies Direct has SSL encryption that protects the customer's private information.
  2. Currencies Direct has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Currencies Direct platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Currencies Direct account, as you are instantly aware of every Currencies Direct transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Currencies Direct, the Currencies Direct accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Currencies Direct delivery instructions.

Currencies Direct Monitors Your Account for Suspicious Transactions

Currencies Direct has systems and controls in place to detect fraudulent activity and protect Currencies Direct client accounts from misuse. If Currencies Direct detect a questionable transaction on your Currencies Direct account, Currencies Direct will contact you to verify the transactions legitimacy to ensure your Currencies Direct funds are safe.

How Does Currencies Direct Make Money?

Currencies Direct and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Currencies Direct also earn money via foreign exchange rates.

Money transfer companies like Currencies Direct and banks need to survive, so they make money on interest from accounts and money transfers.

Currencies Direct Frequently Asked Questions

We list some of the most frequently asked Currencies Direct questions below.

Is there a limit to how much I can transfer with Currencies Direct?

You can transfer up to 25000 GBP at a time.

When will I receive my Currencies Direct transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Currencies Direct transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 44 (0) 20 7847 9400.

How old do you have to be to sign up to a Currencies Direct account

To signup to a Currencies Direct account you will need to be at least 18 years old.

Currencies Direct review
Is Currencies Direct a Scam?

Currencies Direct have been in operation since 1995 and have over 325,000 customers and 276 employees. Currencies Direct is not a scam.

Currencies Direct review
Sending money online with Currencies Direct

Sending money with Currencies Direct is a single process once you have registered and verified your Currencies Direct account and payment methods.

  1. Go to the Currencies Direct website
  2. If you have a Currencies Direct account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Currencies Direct how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Currencies Direct exchange rate and any fees.
  7. Pay for your Currencies Direct transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

Currencies Direct review
How do I receive money from a Currencies Direct money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Currencies Direct account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Currencies Direct money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Currencies Direct allows for a deposit directly into your bank, credit union or other financial account.

Currencies Direct Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Currencies Direct allows you to pick up money in person at a Currencies Direct agent location.

Currencies Direct Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Currencies Direct Does not support mobile wallets.

Currencies Direct Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Currencies Direct do not offer home delivery money transfers.

When was Currencies Direct founded?

Currencies Direct was founded in 1995.

Is Currencies Direct Any Good?

Currencies Direct have a rating of 3 and are financially regulated, Currencies Direct can be considered a good money transfer company.

Is it easy to close my Currencies Direct account?

Its is easy to close you Currencies Direct account. You will have to make sure any outstanding payments and fees due to Currencies Direct are paid in full Before Currencies Direct will fully close your account. Make sure when closing your account Currencies Direct send you an official confirmation that your account is closed and no more monies are due to Currencies Direct.

Does it take long to setup a Currencies Direct account?

No, setting up a Currencies Direct account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Currencies Direct account in 1-3 days.

Where are Currencies Direct based?

Currencies Direct are based in London (GB)

Countries where Currencies Direct is legal?

Currencies Direct is legally allowed to operate in over 265 countries.

How do I track a Currencies Direct Money Transfer

You can track a Currencies Direct money order by calling Currencies Direct or by tracking the order online. Call Currencies Direct number on 44 (0) 20 7847 9400. The Currencies Direct automated phone system will take a few details and give you a status update. You can go online to the Currencies Direct website and check the status of a money transfer at any time.

If you have a Currencies Direct online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Currencies Direct transaction, use the Currencies Direct payment reference number on the Currencies Direct website to check the status of the transfer.

Can I cancel my Currencies Direct transfer?

The way that you cancel a Currencies Direct transfer depends on how you created and sent the Currencies Direct money transfer originally.

You may need to contact Currencies Direct by phone on 44 (0) 20 7847 9400, through their website at www.currenciesdirect.com or via email [email protected] Requests are typically processed within 30 days, and you may be charged a cancellation fee by Currencies Direct.

If you made the Currencies Direct transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Currencies Direct account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Currencies Direct transfer on their website.