Currencies Direct have been offering international payment solutions for over 25 years and help businesses manage the complexity, risk and cost often associated with making overseas business money transfers and international payments. With Currencies Direct, sending or receiving regular business payments overseas to pay for employees, suppliers, products, services, overheads or other business costs is cheaper, quicker and generally less hassle than using a high street bank service.
Moreover, Currencies Direct can improve the efficiency of your corporate payment processes, which should save your business a significant amount of time and money. Business money transfer payments are very competitive with Currencies Direct, example GBP vs EUR exchange rates:
|CURRENCIES DIRECT - BUSINESS
|FX MARGIN RATE
|GBP £ - to EUR
|0.7 to 1.0%
|€1.159 to €1.163
|EUR € - to GBP
|0.7 to 1.0%
|£0.846 to £0.848
Transfer exchange rates are calculated and updated hourly (Monday to Friday) from 8 am to 4 pm UK – GMT
*Note: Dependent on the contract selected and the currencies involved, the converted currency is usually transferred to the recipient account within 1 to 2 working days.
For businesses who transfer regular amounts overseas to make payments in the Euro or other popular European currencies, using a currency broker like Currencies Direct is a money saving decision if your monthly transfers exceed £250.
You can gain expert insight from the Currencies Direct business team to help you optimise the timing of your business money transfer transactions and receive notifications on receipt of incoming payments so you’re always sure of your available funds.
Partner with an expert – With expertise in foreign exchange and aggregated market forecasting, we help you make smart decisions and use the best solutions for your business.
Incoming payments – Accept payments effortlessly and create new business opportunities around the world with one of our secure multi-currency accounts. You can collect funds in GBP, EUR, USD and JPY.
Outgoing payments, expand your reach – Make payments in over 40 currencies. Currencies Direct keep it simple, offer competitive exchange rates and deliver on time, every time.
Increase efficiency – Reduce your workload, prevent errors and eliminate manual entry using our Multiple Payments Solution.
Take control, reduce risk – Access your Currencies Direct online account and make payments 24/7. Use our currency tools to secure your desired rate and protect against unexpected market movement.
Fast, reliable and transparent – Minimise the need for intermediary banks, decrease fees and ensure payments are accurate. Know your costs and avoid hidden fees by sending local currency.
Forward Contracts – Secure a specified exchange rate for a future transaction. A Forward Contract allows you to set your prices with a budget in mind.
Market Orders – Never miss a target rate and stay in your trading comfort zone. Market Orders automatically execute a trade when your ideal rate is reached.
Options – Options give you the security of a guaranteed rate but the freedom to benefit from positive market movements if you decide not to execute the option.
Currencies Direct offer a wide range of products and our Subsidiary Currencies Direct Financial Markets (CDFM) provides a number of FX derivative options that help you to manage the cost of your international transactions.
Whether you need to pay a single invoice or are building a global business, having the right partner to minimise cost and maximise opportunity is essential.
Currencies Direct is one of Europe’s oldest (and largest) foreign exchange specialists. In fact, they were the first company in the UK outside the banking industry to offer specialist currency services and have helped more than 325,000 corporate and personal clients process over £7.5 billion in currency payments every year.
When deciding to use Currencies Direct, they see it not simply as an overseas money transfer taking place. They see using them as forming a relationship built on trust and transparency. That’s why Currencies Direct adhere to rigorous practices and procedures to ensure the highest possible safety of your funds.
Currencies Direct are authorised by the Financial Conduct Authority as an Electronic Money Institution and have a level 1 Dun and Bradstreet rating – the highest possible credit-worthiness obtainable – meaning total safety of your funds.
Currencies Direct Ltd is authorised by the UK’s Financial Conduct Authority as an Electronic Money Institution under the Electronic Money Regulations 2011 and their FCA Firm Reference number is 900669.
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