Overview
Currencies Direct, at a glance.
Currencies Direct is an e-money institution headquartered in the United Kingdom, regulated by Financial Conduct Authority, Bank of Spain, Banco de Portugal. The business account has no monthly fee. Opening an account takes 3–5 days.
Currencies Direct is an e-money institution, not a bank. Client money is kept in segregated accounts and safeguarded under the Electronic Money Regulations; FSCS protection does not apply.
Why businesses pick Currencies Direct
- No opening fee and no monthly fee
- Hold and pay in 40+ currencies, to 120+ countries
- A dedicated account manager
- Mass payments, API and FX hedging tools
- Trustpilot score of 4.9 from almost 20,000 reviews
Watch out for
- Exchange margin and transfer fees are not published
- No business card
- Accepted countries and company types are not published
- Currency list not published in full
Business fit
Will Currencies Direct accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Currencies Direct's published rules
Needs review
Currencies Direct works with Import and export, but does not publish the countries it accepts companies from.
Currencies Direct does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Currencies Direct publishes about the businesses it takes on.
Who Currencies Direct serves
- Import and export
- Professional services
- Financial institutions
- Creative
Not supported
Industries and countries Currencies Direct does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Currencies Direct?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
40+ currencies
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does Currencies Direct cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
Free
Multi-Currency Business Account
£0 per month
£0 setup · £0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SWIFT / international | Not published | |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Not offered | Not available |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is Currencies Direct a bank?
No. Currencies Direct Limited is an e-money institution authorised by the FCA (900669), with an e-money licence in Spain (6716) and a branch in Portugal. Client money is safeguarded; FSCS protection does not apply.
How much does the Currencies Direct business account cost?
Opening is free and there is no monthly fee. Exchange margins and transfer fees are not published; ask for a quote on your currency pairs.
Which currencies does Currencies Direct support?
40+ currencies, with payments to more than 120 countries.
Who is Currencies Direct for?
Businesses that pay or get paid internationally, including accountants, construction, manufacturing, entertainment, payroll, shipping and intellectual-property businesses.
Alternatives
How Currencies Direct compares.
If Currencies Direct is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Currencies DirectThis pageE-money institution |    | Business account40+ currencies |
 MoneycorpPayment institution |  | FX130+ currencies |
 OFXE-money institution |   | 34 currenciesFX specialist |
 Equals MoneyPayment institution | | Multi-currency IBANExpense cards |
 EburyE-money institution |  | FX and hedgingInternational trade |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.