Currencies Direct vs Corpay: Fees & Reviews Compared

Both Currencies Direct and Corpay are popular international money transfer services. But which one is better?

Below we compare them on their fees and reviews.

Fees

	Currencies Direct	Corpay
Homepage
Transfer Fee	No fee	£20 for transfers under £3,000 £0 for transfers above £3,000.
Average Exchange Rate Markup	0.4% to 1.4%	0.4% – 1.9%
Minimum Transfer Amount	$1	£1,000 (or currency equivalent)
Maximum Transfer Amount	£25,000 through the mobile app £300,000 by placing a special request	No limit

Reviews

	Currencies Direct	Corpay
Trustpilot Rating	4.9	2.8
Number of Trustpilot Reviews	9,400	3
iOS App Rating	3.5	5
Number of iOS App Reviews	100	1
Android App Rating	3.5	N/A
Number of Android App Reviews	500	N/A

Features

	Currencies Direct	Corpay
App Transfers	Yes	No
Online Transfers	Yes	Yes
Phone Transfers	Yes	Yes
In-person Transfers	Yes	No
Available Countries	200	200
Number of Currencies	70	145
Payment Methods	Bank account Debit card Credit card Check	Bank account Debit card Credit card
Receiving Methods	Bank account	Bank account
Cash Pickup Option	No	No
Payments Flexibility	Web platform Mobile app Phone In person	Web platform Phone
Supported Languages	English, French, Spanish, Portuguese, Italian, Norwegian, Swedish, German, Chinese, and Korean	English
Transfer Speed	1-2 hours within Europe 1-2 days for overseas transfers	1-2 days
Dedicated Dealer	Yes	Yes
Instant Custom Quote	N/A	No
Business Features	Spot contracts Forwards contracts Limit orders Stop-loss orders Recurring transfers Digital multi-currency wallet Rate alerts API portal	Spot contracts Forwards contracts Market orders Limit orders Treasury and risk management
Debit Card	Currencies Direct multi-currency debit card	Corpay Multi-Card
Cancellation Policy	N/A	If you choose to cancel your money transfer, the funds would be returned to the market. Keep in mind that canceling the transaction may result in additional charges, which you would be liable for.**
Suitability	Large money transfers	Large money transfers

Company Comparison

	Currencies Direct	Corpay
Year Founded	1996	2001
Headquarters	London, UK	London, UK
Other Office Locations	Orlando (USA), Saint John (Canada), Mumbai (India), Albufeira (Portugal), 3 locations in South Africa, and 19 locations in Spain	The Netherlands, Spain, Cyprus, and Canada**
Annual Trading Volume	£9.5 billion	$74 Billion
Number of Employees	550	200**
Number of Clients	430000	25000
Regulatory Institutions	FinCEN in the USA FINTRAC in Canada FCA in the UK Bank of Spain in Spain and the EU ACPR in France FSB in South Africa	FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia Central Bank of Ireland in EU
Awards	Credit Rating of Level 1 (Dun & Bradstreet Corporation, 2010) National Business Awards Finalist (National Business Awards, 2016) Most Positive Client Reviews (Money Transfer Comparison, 2017) Consumer Champion of the Year (Money Age Magazine, 2017) Money Transfer Provider of the Year (Money Age Magazine, 2016, 2017,2018, 2019, 2020, and 2021) Best Rated Money Transfer (Money Transfer Comparison, 2019, 2020, 2021)	Profit Fast Track 100 (The Sunday Times, 2012) Best Small Companies to Work For (The Sunday Times, 2014) Best Company To Work For (Best Accreditation Standard, 2016) Best Forex Payment Technology Solution (UK Forex Awards, 2018) Best Currency Service Provider (Shares Awards, 2018) Gold Service Award (Feefo, 2019) Best New to Market Portugal (Department for International Trade Business Awards, 2019) Platinum Service Award (Feefo, 2021 and 2022) Best Payments Solutions Provider (Global Forex Awards B2B, 2022) Best Cross-Border Payments Service (Payments Awards, 2022) Overall Payment Solution of the Year (Electronic Money Award, 2022)

Currencies Direct Pros & Cons

Currencies Direct Pros

• 4.9 out of 5 on Trustpilot based on over 8,000 reviews
• No transfer fees
• Free Amazon gift card for new paying customers
• Multiple payment options
• Amazing customer service
• Favourable exchange rates
• Extensive knowledge base
• Highly convenient
• Range of flexible solutions for everyone
• Global service coverage
• Solid currency coverage
• Local coverage
• Decades of experience
• Fast money transfers
• Exchange rate alerts option

Currencies Direct Cons

• Not focused on small money transfers
• Limited deposit options
• Limited smaller currency coverage
• No option for instant custom quotes
• Lack of cancellation policy
• Not available in some US states
• Mobile app has transfer limits

Corpay Pros & Cons

Corpay Pros

• Several payment methods are available
• Expert currency advisors on-hand
• Impressive online reviews
• No transfer fees for large transfers
• Attractive exchange rates
• No limit on the maximum transfer amount
• Broad international reach
• Support for a wide range of currencies
• Long-standing industry experience
• Prompt transfer service

Corpay Cons

• Not suitable for small money transfers
• Limited funding options
• Absence of a mobile app
• No option for instant custom quotes
• High minimum transfer limit

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