Overview
Currency Solutions, at a glance.
Currency Solutions is a payment institution headquartered in the United Kingdom, regulated by FCA. The company behind Currency Solutions is Currency Solutions Ltd. Business accounts cost £0 a month. Opening an account takes 3–5 days.
Currency Solutions keeps the money it must safeguard in a designated account at an authorised credit institution, separate from its own funds, under the Payment Services Regulations 2017. It is not covered by the FSCS. For clients in the EEA, e-money and payments are provided by CurrencyCloud B.V. (De Nederlandsche Bank); in the US by Visa Global Services Inc.
Why businesses pick Currency Solutions
- No setup fee and no account fee
- Local UK, EU and US account details in your company's name
- 34 currencies, from GBP, EUR and USD to KES, UGX and the Gulf currencies
- A relationship manager for high-value payments
- Trustpilot score of 5.0 from nearly 3,000 reviews
Watch out for
- The exchange-rate markup is not published
- Some business payments carry a minimum £10 fee under the agreed pricing
- No cards
- No list of refused industries or countries published
- Communication in English only
Business fit
Will Currency Solutions 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 Currency Solutions's published rules
Needs review
Currency Solutions works with Commodity traders, but does not publish the countries it accepts companies from.
Currency Solutions 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 Currency Solutions publishes about the businesses it takes on.
Who Currency Solutions serves
- Import and export
- E-commerce
- Professional services
- Financial institutions
- Family offices and funds
- Travel
All 10 industries on Currency Solutions's accepted list
- Commodity traders
- eCommerce
- Import/export
- Consulting and payroll services
- IT and outsourcing
- Asset management
- Corporate service providers
- Investment funds and financial institutions
- Trusts and family offices
- Travel and hospitality
Not supported
Industries and countries Currency Solutions does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Currency Solutions?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
34 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- AED
- BHD
- CNH
- CZK
- DKK
- HKD
- HUF
- IDR
- INR
- KES
- KWD
- MXN
- MYR
- NOK
- NZD
- OMR
- PHP
- PLN
- QAR
- RON
- SAR
- SEK
- SGD
- THB
- TRY
- UGX
- ZAR
Currency Solutions says 40+ currencies.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Limited companies, Limited liability partnerships (LLP), Partnerships, Sole traders
Pricing
What does Currency Solutions 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
Business account
£0 per month
£0 setup · £0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| SWIFT / international | Free | No charge · Generally free online or by phone; some agreed pricing has a £10 minimum |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published | A markup is added to the exchange rate |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Register
Register online with the company's registration number.
- 2
Checks
Give proof of address and identification for the owners or directors.
- 3
Quote
Agree your pricing with Currency Solutions.
- 4
Account live
Fund the account and start sending, receiving and exchanging.
Documents you need
Not published
FAQ
Your questions, answered.
Is Currency Solutions regulated?
Yes. Currency Solutions Ltd is authorised by the FCA as a payment institution (512130) and for regulated investment products (602082). Money it holds is safeguarded, not covered by the FSCS.
How much does a Currency Solutions business account cost?
No setup fee and no account fee. Transfers are generally free online or by phone, though some agreed pricing has a £10 minimum; a markup is added to the exchange rate.
Which businesses can open an account?
Sole traders, partnerships, limited companies and LLPs based in the UK. Businesses in the EEA and elsewhere outside the US can be onboarded on a reverse-solicitation basis; EEA accounts are provided by CurrencyCloud B.V.
Which currencies are supported?
34 named on its site, including GBP, EUR, USD, AUD, CAD, CHF, CNH, HKD, INR, JPY, SGD, AED, SAR, KES and UGX.
Alternatives
How Currency Solutions compares.
If Currency Solutions is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 Currency SolutionsThis pagePayment institution |  | FXRelationship manager |
 Currencies DirectE-money institution |   | FX40+ currencies |
 MoneycorpPayment institution |  | FX130+ currencies |
 OFXE-money institution |   | 34 currenciesFX specialist |
 Equals MoneyPayment institution | | Multi-currency IBANExpense cards |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.