Both Currencies Direct and Currency Solutions are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
Currencies Direct | Currency Solutions | |
Homepage | ![]() | ![]() |
Transfer Fee | No fee | £10.00 fee for transfers below £3,000; £0.00 fee for transfers above £3,000. |
Average Exchange Rate Markup | 0.4% to 1.4% | 0.5% – 1% |
Minimum Transfer Amount | $1 | £100 |
Maximum Transfer Amount | £25,000 through the mobile app £300,000 by placing a special request | No limit for transfers over the phone Online transfers £20,000 for personal accounts £50,000 for business accounts |
Top Rated Money Transfer Service
Reviews
Currencies Direct | Currency Solutions | |
Trustpilot Rating | 4.9 | 4.7 |
Number of Trustpilot Reviews | 9,400 | 2,500 |
iOS App Rating | 3.5 | N/A |
Number of iOS App Reviews | 100 | N/A |
Android App Rating | 3.5 | N/A |
Number of Android App Reviews | 500 | N/A |
Features
Currencies Direct | Currency Solutions | |
App Transfers | Yes | No |
Online Transfers | Yes | Yes |
Phone Transfers | Yes | Yes |
In-person Transfers | Yes | No |
Available Countries | 200 | 160 |
Number of Currencies | 70 | 40 |
Payment Methods | Bank account Debit card Credit card Check | Bank account Debit 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 | 3 hours-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 Options contracts Risk management Recurring transfers API integration |
Debit Card | Currencies Direct multi-currency debit card | None |
Cancellation Policy | N/A | The company allows for transfers to be canceled and refunded if the transaction hasn’t been completed. Refunds may be subject to exchange rate changes and additional charges depending on the circumstances. |
Suitability | Large money transfers | Small and large money transfers |
Top Rated Money Transfer Service
Company Comparison
Currencies Direct | Currency Solutions | |
Year Founded | 1996 | 2003 |
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 | Amsterdam (the Netherlands), Dublin (Ireland), and Paphos (Cyprus) |
Annual Trading Volume | £9.5 billion | £1 billion |
Number of Employees | 550 | 70 |
Number of Clients | 430000 | 150000 |
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 | FCA in the UK |
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) | The Best Currency Transfer Provider (Trade Finance Global Currency Awards, 2016) Top-rated International Money Transfer Provider (Trustpilot, 2017 – 2020) |
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
Currency Solutions Pros & Cons
Currency Solutions Pros
- Outstanding customer support
- Impressive Trustpilot rating
- Fee-free transfers for larger amounts
- Competitive exchange rates
- Service availability in over 160 countries
- Robust currency offerings with support for 40+ global currencies
- Longstanding industry experience
- Quick fund transfers
- Advanced business FX features, including market orders and options contracts for effective currency risk management
- Personalized service through dedicated account managers
Currency Solutions Cons
- Charges apply for smaller transfer amounts
- Lack of a mobile application
- Limited availability of exotic currencies
- Lack of an instant quote feature
- Customer support is not available around the clock
Top Rated Money Transfer Service
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