Currencies Direct international money transfers

Last updated:  

Send money in more than 60 currencies and avoid transaction fees.

  • Good for sending money in 60+ currencies through the app or online.
  • Not so great if you need the money transferred instantly or want to pay by credit card.

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

AUD 2,000

Min. Transfer Amount

No limit

Max. Transfer Amount

2 days

Transfer Speed

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product NameCurrencies Direct International Money Transfers
Min. Transfer AmountAUD 2,000
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone
Transfer OptionsRegular payments, Forward contracts
Transfer Speed
Minimum transfer time
2 days
Customer ServicePhone, Email, Branch
Available CurrenciesAED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, INR, JPY, MAD, MUR, MXN, NOK, NZD, PLN, RON, RUB, SAR, SEK, SGD, THB, TRY, USD, ZAR
Online Transfer FeeEUR 0
Branch Transfer FeeEUR 0
Phone Transfer FeeEUR 0
Exchange Rate UpdatesReal time

Currencies Direct exchange rates and fees

Currencies Direct doesn't charge any fees or commissions on most transactions, but if a fee does apply to your transfer for some reason then this amount is declared upfront.

However, even if there aren't any transaction fees, it's important to be aware that the total cost of your transaction will be determined by the exchange rate you receive. Currencies Direct adds a margin on top of the mid-market exchange rate and updates its rates every few seconds. But once you book a transfer over the phone or online, the rate you have agreed upon will be locked in, regardless of market fluctuations that may occur before your transaction is completed.

Calculate how much sending money overseas would cost with Currencies Direct by using our tool below.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 2 days AUD 0.00 0.764 USD
7,636
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates. Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Available currencies

Currencies Direct lets you send money overseas in more than 60 currencies, including:

  • CAD Canadian dollar
  • EUR Euro
  • GBP British pound
  • JPY Japanese yen
  • NZD New Zealand dollar
  • SGD Singapore dollar
  • THB Thai baht
  • USD US dollar

You can see a full list of the currencies offered by Currencies Direct above.

What types of transfers can you make with Currencies Direct?

Currencies Direct offers personal and business transfers.

Personal transfers

You can send the following types of transfers online or using the Currencies Direct mobile app:

  • Spot contracts. Spot contracts allow you to make an immediate, one-off transfer.
  • Forward contracts. If you're willing to pay a small deposit, you can lock in an exchange rate now for a transaction that will take place in up to one year's time.
  • Recurring payments. If you need to make a regular ongoing payment, such as paying rent on an overseas property, Currencies Direct lets you automate your recurring transactions.
  • Limit orders. You can use a limit order to specify the exchange rate you want and Currencies Direct will automatically execute the transaction when that rate becomes available.

Business transfers

International payment solutions for businesses include:

  • Incoming payments. Manage your payments in a multi-currency account that accepts GBP, EUR, USD and JPY.
  • Outgoing payments. Business customers can make international payments in more than 120 currencies.
  • Risk management solutions. Currencies Direct offers a range of risk management tools to help businesses protect themselves against market volatility and lock in a better exchange rate.
  • Online sellers. Currencies Direct multi-currency accounts allow sellers to receive payments from and send money to international suppliers.

How long does a transfer with Currencies Direct take?

Transfer times vary depending on where you are sending money and how long it takes for your funds to arrive into Currencies Direct's account.

While transfers to Europe can often be completed on the same day, most transactions take between 24 and 48 hours.

What payment methods does Currencies Direct accept?

Currencies Direct accepts two payment methods:

  • Bank transfer
  • Debit card (GBP and EUR cards only)

Transfers typically takeClock icon for transfer speed

2 days

Is Currencies Direct safe to use?

  • Security and regulation: Regulated in more than five countries
  • Established: 1996
  • Number of customers: 275,000
  • Reviews: TrustScore of 9.5/10* based on 3,000+ reviews on Trustpilot
  • Locations: More than 20 branches worldwide
According to Currencies Direct and Trustpilot on 12 June 2019

Currencies Direct is based in the UK and regulated by the Financial Conduct Authority. Established in 1996, it claims to have helped more than 275,000 people and businesses send international money transfers.

Currencies Direct also has a level 1 credit rating with Dun & Bradstreet, and it keeps all of its customers' funds in a segregated client account.

How does Currencies Direct make money?

Currencies Direct makes money on the spread. This is the difference between the wholesale rate at which it buys currency – which is commonly known as the mid-market or interbank rate – and the price at which it sells currency to customers.

How to register an account

You can sign up for a free account with Currencies Direct by completing the following steps:

How do I make an international money transfer with Currencies Direct?

To send money overseas, complete the following steps:

  1. Visit the Currencies Direct website and log into your account.
  2. Start a new transfer and enter the details of your transaction, including the transfer amount, the currency and who you're sending the money to.
  3. Lock in an exchange rate for your transaction.
  4. Send a bank transfer or use a GBP/EUR debit card to pay for your transaction.
  5. Currencies Direct will send the transfer as soon as it receives your payment.

What is Currencies Direct?

Founded in London in 1996, Currencies Direct has since helped more than 275,000 personal and business customers send money overseas. Today, it has 20 offices across the UK, Spain, France, Portugal, the US, South Africa, India and China. Currencies Direct is authorised by the UK's Financial Conduct Authority as an Electronic Money Institution.

In a nutshell

Pros

  • Established company. Currencies Direct was established in 1996 and has branches in 20 countries.
  • Wide range of supported currencies.
  • No transaction fees. Most transfers sent with Currencies Direct do not attract any transaction fees.
  • Transfer app available. Android and iOS users can send transfers from their mobile devices using the Currencies Direct app.

Cons

  • No Australian locations. Currencies Direct is based in the UK and has branches on four continents, but it doesn't have any locations in Australia.
  • Can't pay by credit card. Currencies Direct doesn't accept credit card payments.
  • Not suitable if you want to send a fast transfer. If time is critical and you want to get funds to your recipient within minutes, you'll need to consider other transfer services.

How does Currencies Direct compare to other providers?

Want to see how Currencies Direct compares to the competition? Enter your transfer details into the calculator below and see how much your transaction will cost with a range of money transfer providers.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 1.99 0.766 USD
7,658
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.768 USD
7,682
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.768 USD
7,682
SendFX guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.768 USD
7,682
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.768 USD
7,682
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 1 1 day AUD 52.00 0.767 USD
7,635
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 0.763 USD
7,626
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 1 Same day AUD 0.00 0.767 USD
7,674
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.770 USD
7,665
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.764 USD
7,634
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.762 USD
7,617
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.771 USD
7,678
TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Back to top

FAQs

Our review of Currencies Direct's online seller product

International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site