www.exchange-rates.com

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moneycorp Direct Money Transfers Summary

Feature Explained
Number of currencies 120 View all
Time to complete money transfer 1-3 days
Fund account with Bank account transfer
Minimum and maximum money transfer

£50 (money transfer or travel money)
£1000000

Personal Money Transfers Yes View comparison
Business Money Transfers Yes View comparison
Small Money Transfers (below £1,000) Yes View comparison
Travel Money Yes View comparison
Transfer money online Yes Sign up for a FREE account
Transfer money using app Yes Read about apps
Transfer money on telephone Yes
24/7 Support No
Currency provider information Leader for personal and business money transfers and travel money
Regulated by: FCA
Risk management tools Yes Read more about risk control

Potential alternatives to moneycorp

We rate moneycorp number 1 for Business Money Transfers where moneycorp exchange rates are very competitive when making large and/or regular currency conversions however there are some reasons for considering other money transfer companys:

Currencies Direct are a popular, established currency exchange company where personal money transfers (more than £2,000) offer competitie exchange rates particularly in Europe where Currencies Direct has over 20 offices. Read more about Currencies Direct Vs moneycorp

TransferWise can be better for small money transfers (less than £2,000)

OFX is headquartered in Australia and listed on the Australia Stock Exhcange and if you are transferring to or from Australia or New Zealand or Asian countries you may benefit from local knowledge offered by them.

moneycorp Money Transfers Explained:

moneycorp provides personal money transfers, business money transfers and travel money. Most trustworthy with credit rating. £33.2 billion was traded in 100+ currencies in 2017. Move money with more confidence with access to currency specialists at moneycorp that will explain market movements regarding your selected exchange rate(s). moneycorp has 870 dedicated employees serving customers worldwide. There were over one million payments made to 192 countries in 2017.

A dedicated account manager will offer on-going support for your currency requirements. They can also offer solutions to currency volatility and risks associated with foreign exchange whether you are a personal money transfer customer or you have a business with currency transactions to make.

With a moneycorp online account you can:

- 24/7 access online
- Buy or sell any of 33 currencies up to £100,000
- Use a debit card to add funds to you account or use funds
already within you International Payments Account - Store payments and recipient details for making repeat payments simpler
- Pay by bank transfer to get money into your currency account within 2 hours (this can take longer depending on where money is being transferred from and the source of the money being added)
- View full transaction history

Over 120 currencies

Global Offices in:

UK - Ireland - France - Spain - Romania - UAE - Hong Kong - Australia - USA - Brazil

Regulation

Ratings Feefo

Time to transfer

Personal money transfers

As political and economic events leading to changing exchange rates there are risks and opportunities when trading currencies.

best exchange rates in the market due to liquidity being so high as they have very high number of customers transferring large sums daily. The higher the amount you are transferring the better the exchange rate moneycorp will be able to offer you.

Business money transfers

A moneycorp account manager will know the currency market and help you by explaining the choices and market conditions for your business currency trading requirements. Other benefits include better exchange rates than your bank, fixed lower transfer fee compared to a bank and guidance regarding managing currency volatility.

Funds transferred for exchanging are safeguarded in segregated client bank accounts and not combined with moneycorps own funds.

Set up an account online and you will have access to trade 24/7.

moneycorp will work with any size of business. For the more sophisticated businesses Currency Options are available. For more details on Currency Options, which can be used to manage currency exposure and manage risks of trading currency sign up for a currency account today.

Over 10,000 businesses trust and deal with moneycorp. You can trade 34 currencies anytime using the online moneycorp currency account anytime of day or night or call your account manager to trade in around 100 currencies.

Currency news services offered by money corp

Daily Research for customers with an account (free to open an account and free to receive the currency news)

Target an exchange rate

If you want to time the exchange of money to your advantage it can save you money or help to increase the amount of currency converted to.

As a free service you can enter a target exchange rate and when this target is reached you will be emailed or receive an SMS text message to you smartphone. You can then decide to make the currency transaction at that rate. Tracking a rate with moneycorp means you do not need to constantly check the latest rate available for exchanging money.

If you are too busy with work or family, or you do not want to make the transaction manually you can set a target exchange rate at which you will make a Market Order. With this moneycorp service when the target rate is reached the money will be transferred instantly whatever the time of day or night.

Lastly you can choose to exchange now and pay at a future date up to 2 years away. Simply secure a rate and pay later with a forward contract. This would be useful, for example, for purchases or goods or services where you know you need to transfer money in the future and you would like to exchange at today's exchange rate.

Pay with debit card or bank transfer

You can add money to your moneycorp account using a debit card or bank transfer

Regular Money Transfer International Payments

If you regularly travel or send money overseas on a regular basis such as salary transfers, pension transfers or mortgage payments the moneycorp Regular Payment Plans will be the best choice. You can also agree an exchange rate for up to 2 years in to the future if you do not want to hassle of changing exchange rates affecting the amount of money you receive when your regular conversions are made.

Regular payments can be fully automated if your home currency is British Pounds Sterling and you set up a direct debit. If you are converting another currency then you will simply need to login online or use the mobile device moneycorp app to transfer the money to the same recipient with a few clicks.

moneycorp has currency experts that will be able to help you set-up the regular payment process within your moneycorp account.

Forward contracts

Travel Money

moneycorp tourist exchange rates are available to UK customers only. You can reserve and collect from a moneycorp branch at a UK airport or one of their Central London Bureau de Change locations. Alternatively there is the moneycorp Multi-Currency Explorer card which you can top-up and use to spend on your holiday.

Multi Currency mastercard

The moneycorp multi-currency Mastercard is a prepaid card that you can add multiple currencies to. With a multicurrency card you can access travel money at millions of locations worldwide. The master card can also be used to purchase goods and services in many shops abroad meaning you will not need to carry foreign cash in your wallet - just one moneycorp card.

There are no fees to pay when you use the multi currency card abroad on holiday. You can load up to £10,000 a day on the currency prepaid card. Currencies you can add to the card are: British Pounds, Euros, US Dollars, Australian Dollars, Canadian Dollars, New Zealand Dollars, South African Rand, Swiss Francs, Turkish Lira and Emirati Dirham.

The moneycorp prepaid travel card can be collected in store or you can order a card online and receive it between 7-10 days from the date of the application.

Loyalty is also rewarded if you use the card frequently or for more than one holiday. Simply present your moneycorp explorer card at any moneycorp branch and you will be offered exclusive preferential exchange rates on all currency.

Red multi currency mastercard

If you already have a personal money transfer account with moneycorp you and you are a UK resident you qualify for and will be offered a Red multi currency prepaid card. You will benefit from, no ATM fees, lock in the best moneycorp exchange rates on the most popular currencies and be able to use the card worldwide.

moneycorp app

moneycorp has an money transfer app making it simple and quick to make currency transactions using a mobile device.

moneycorp website

moneycorp have launched a new website in 2018. You can trade currency 24/7 online with a moneycorp account.

Business Currency Partnerships with leading companies around the world

Airport Bureaux de Change in United Kingdom airports and Central London Bureau de Change locations offer exchange and/or collection of money exchanged online.

Business partners include The Telegraph, CNN, Daily Mail, Sainbury's Bank, the Guardian, Gatwick Airport and G4S international logistics.