25 Jul

Currencies Direct

Currencies Direct

URL: https://www.currenciesdirect.com

 

Description:

 

Established in 1996, this site has a retail presence, online service and app. It has a no fees policy, tries to keep things simple, and has experts on hand to guide you with your choices. They also have a neat service where if you can’t call them but can contact them online, they will call you.

 

Free to open an account? Yes.

 

Payment structure: They say there are no charges for most transactions and no hidden fees or commissions, which covers 90% of their transactions.

 

The company says that for transactions where there is a fee, they will tell you upfront so you will know exactly what it will cost you before you make the transfer. For online sellers, it will be between 1-2% of the transfer amount.

 

Same Day Payments?

 

They say that most transfers for “major” currencies like euros or US dollars will go through on the same day, if you make your transfer before 1.30pm GMT. If you make it after 1.30pm it will arrive the next day.

 

Minimum Transfer Amount: £100, €100 (EU), or $100 (USA)

 

Where You Can Transfer To: Spain, France, USA, Portugal, South Africa

 

Special Features/Benefits: A rewards scheme: receive a £50 Amazon voucher once the person you have referred has transferred £10,000 or more.

 

Accreditation:

 

UK: FCA

USA: Financial Crimes Enforcement Network (“FinCEN”)

France: ACPR

South Africa: Financial Services Board

 

US State-specific license info:

 

Florida, Georgia, North Carolina,

 

Offices In: US, UK, China, France, India, Portugal, South Africa, Spain

 

Awards:

 

Most Positive Client Review Comments, MoneyTransferComparison, 2017

 

Money Transfer Provider of The Year – MoneyAge Magazine, 2016

 

National Business Awards Finalists, 2006

 

Fast Growth Business Awards Finalists, 2007

 

Highest Possible Credit Rating (level 1) from Dun & Bradstreet, 2010

 

Recent Headlines:

 

The Olive Press, July 2017: Currencies Direct offers much cheaper way of transferring money abroad

 

RTNOnline, June, 2017: The man behind the smile

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