Why You Should Use A Currency Exchange Company:

Great Exchange Rates, No Transfer Fees, Save Money On Transfers:
Many individuals are simply more familiar with banks and therefore prefer to use them for currency exchange. Using a currency exchange company who specialize in foreign exchange, can save you thousands of GBP/EUROS when transferring your monies. Currency exchange companies typically charge lower or no transfer fees compared to banks. Exchange companies are more transparent with their fee structures, making it easier for you to understand the costs involved. Many currency exchange companies operate with lower overhead costs than banks, allowing them to pass these savings onto their customers. By choosing a currency exchange company you can ensure that you will get the best value and service for your money. There are no hidden costs or charges and you will get the best rate exchange which can save thousands of euros when making your international financial transactions and more profitable to you.  

Better Exchange Rates, Lower Fees Vs Bank Rates:
Banks may include hidden charges and higher service fees, which can add up quickly and will cost you with each transfer made, making your transactions more expensive. One of the most prominent differences between banks and currency exchange companies lies in their fees and exchange rates. Banks typically offer less favorable exchange rate and charge higher fees due to their operational costs. These rates are usually range from 2% to 5% above the mid-market rate. Currency exchange companies specialize in foreign exchange, offering expertise and services that banks may not provide. One of the primary reasons to use a currency exchange company is the competitive exchange rates they offer enabling you to get more value for your money when making a transfer.  

Speed, Convenience, and Expertise:
Using a currency exchange company can be more convenient and faster than going through a bank. These companies are designed to handle currency transactions efficiently, often providing quicker turnaround times. You’ll have access to a personal account manager where you can manage your transactions from the comfort of your home, adding to the convenience and save money. Currencies Direct offer highly competitive exchange rates and don’t charge transfer fees. There are no hidden costs or charges; once you’ve agreed the rate, you will know exactly what you’ll receive in to your account.   

Market Knowledge:
Currency exchange companies specialize in foreign exchange and have a deep understanding of the market. This expertise allows them to provide better services and advice compared to general banking institutions. Whether you need to understand market trends, get insights on the best times to exchange currency, or manage large transactions, these companies can offer valuable guidance.

Regulation and Compliance:
Currency exchange companies often invest heavily in security measures to protect your transactions. They are regulated by financial authorities and must comply with stringent standards to ensure the safety and security of your funds. This focus on security can give you peace of mind, knowing that your transactions are handled safely.

Global presence:
Currencies Direct were one of the first currency specialists in Europe, are regulated by relevant authorities in all the countries in which they operate. They have over 750+ employees  all over the globe, providing unrivaled support and service. More than half a million people and businesses have saved time, hassle and money by using our service. They have a level 1 credit rating with Dun & Bradstreet (that’s the highest you can get). Have made more than 600,000 payments last year, trading £10bn in currency.

Our Recommendation: 
Currencies Direct is a trusted currency exchange partner,  giving great personal service and support to all customers. Established in 1996 with a core value of being a center of excellence by delivering exceptional service with access to a personal account manager to help you through each transfer if required.  Currencies Direct were one of the first money transfer providers in Europe with over 25 branches located in the UK, Spain, France, Portugal, USA, South Africa and India. They offer highly competitive exchange rates and don’t charge transfer fees. There are no hidden costs or charges, once you’ve agreed a rate, that’s what you’ll get.