Moneycorp vs Currency Solutions: Fees & Reviews Compared

Both Moneycorp and Currency Solutions are popular international money transfer services. But which one is better?

Below we compare them on their fees and reviews.

Fees

	Moneycorp	Currency Solutions
Homepage
Transfer Fee	No fee for online transfers £15 for transfers over the phone.	£10.00 fee for transfers below £3,000; £0.00 fee for transfers above £3,000.
Average Exchange Rate Markup	1% – 2%	0.5% – 1%
Minimum Transfer Amount	50	£100
Maximum Transfer Amount	£100,000 (or currency equivalent) for online transfers. No limit for transfers over the phone.	No limit for transfers over the phone Online transfers £20,000 for personal accounts £50,000 for business accounts

Reviews

	Moneycorp	Currency Solutions
Trustpilot Rating	4.3	4.7
Number of Trustpilot Reviews	6,300	2,500
iOS App Rating	2.1	N/A
Number of iOS App Reviews	120	N/A
Android App Rating	N/A	N/A
Number of Android App Reviews	N/A	N/A

Features

	Moneycorp	Currency Solutions
App Transfers	Yes	No
Online Transfers	Yes	Yes
Phone Transfers	Yes	Yes
In-person Transfers	No	No
Available Countries	190	160
Number of Currencies	35	40
Payment Methods	Bank account Debit card Check	Bank account Debit card
Receiving Methods	Bank account	Bank account
Cash Pickup Option	No	No
Payments Flexibility	Web platform Mobile app Phone	Web platform Phone
Supported Languages	English, Portuguese, French, Romanian, and Spanish	English
Transfer Speed	1-2 days	3 hours-2 days
Dedicated Dealer	Yes	Yes
Instant Custom Quote	No	No
Business Features	Spot contracts Forwards contracts Market orders Limit orders Stop-loss orders Recurring transfers Vanilla options Zero-cost options Rate alerts	Spot contracts Forwards contracts Market orders Options contracts Risk management Recurring transfers API integration
Debit Card	None	None
Cancellation Policy	Each individual transfer’s cancellation can be discussed upon contacting a Moneycorp representative. Generally, most transfers that haven’t been completed can be canceled and refunded.	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	Small and large money transfers	Small and large money transfers

Company Comparison

	Moneycorp	Currency Solutions
Year Founded	1979	2003
Headquarters	London, UK	London, UK
Other Office Locations	Dublin (Ireland), Toronto (Canada), Gibraltar, Madrid, Costa Blanca, and Costa Del Sol (Spain), Bucharest (Romania), Dubai (UAE), Washington DC, Orlando, and Providence (USA), Hong Kong, and São Paulo (Brazil)	Amsterdam (the Netherlands), Dublin (Ireland), and Paphos (Cyprus)
Annual Trading Volume	£38 billion	£1 billion
Number of Employees	900	70
Number of Clients	N/A	150000
Regulatory Institutions	FinCEN and the Federal Reserve Bank of New York in the USA FINTRAC in Canada FCA and the HMRC in the UK Dubai Financial Services Authority in UAE Central Bank of Brazil in Brazil Central Bank of Ireland in Ireland CED in Hong Kong GFSC in Gibraltar	FCA in the UK
Awards	Travel Money Provider of the Year (Moneyfacts Consumer Awards, 2015,2016) Top Track 250 (The Sunday Times, 2017) Gold Trusted Service Award (Feefo, 2018, 2019) Best Money Transfer Service Provider (The World Banking Awards, 2019) Platinum Trusted Service Award for consistently delivering excellence (Feefo, 2020) Money Transfer Provider of the Year (MoneyAge Awards, 2019, shortlisted in 2020) Best Cross-Border Payments Service (Payment Awards, shortlisted in 2020) Best Cross-Border Payments Infrastructure (Payment Awards, shortlisted in 2020) Foreign Exchange Services finalist (The Private Equity Service Provider Awards, 2020)	The Best Currency Transfer Provider (Trade Finance Global Currency Awards, 2016) Top-rated International Money Transfer Provider (Trustpilot, 2017 – 2020)

Moneycorp Pros & Cons

Moneycorp Pros

• Exceptional customer support
• Respectable Trustpilot rating
• Zero fees for transfers conducted online
• Unlimited transfer amounts for phone transactions
• Operational in more than 190 nations worldwide
• Impressive range of supported currencies
• In-depth local expertise
• Decades of industry experience
• Speedy money transfers
• Broad array of features for businesses
• Multilingual services
• Robust regulatory compliance

Moneycorp Cons

• Limited funding methods
• Lack of support for less-common currencies
• No option for instant personalized quotes

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

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