Business Accounts

Currency UK provides significant cost savings on deliverable foreign exchange transactions including international payments and receipts. This is achieved by offering a combination of products ranging from Spot to Forward Exchange Contracts, all provided at significantly lower margin than your banking providers.

Typically charges are built into our exchange rates. If, however, you make a particularly large number of payments for every FX conversion then we will negotiate a payment fee with you.

Yes, that is what we are all about. If you have invoices to pay in other currencies then we can convert your funds to that currency and transfer them directly to your supplier on your behalf. This is also referred to as sending funds to third parties.

You may also wish to protect the cost of future invoices against adverse currency fluctuations (hedging your currency risk). Currency UK can help you do this by offering a range of products to suit simple to complex needs.

Yes, if you have invoiced in a foreign currency, your customers can pay us directly in that currency. You can then benefit from our excellent exchange rates.

Fill out this form to get started. We will then send you a pre-filled application form to complete.

Yes, you can. Once you’ve opened your account, have a chat with your account manager who will arrange access to our online platform.

As per our terms and conditions and our FCA regulatory obligations, relevant funds are safeguarded by segregating your funds from the business own funds. In addition Currency UK, as part of the Currencies Direct Group has a Dun and Bradstreet Credit rating of 1 (The highest rating). We transact over 7.5 billion pounds every year and have serviced more than 325,000 customers.

You must contact your account manager immediately. Once a deal is booked it is legally binding. It may be possible for us to cancel the trade free of charge, but it is likely that you will incur additional costs.

Simply contact your account manager and they will take care of the rest.

We’d love to have a chat with you to discuss any further questions you may have. Call us on +44 (0)20 7738 0777 or email us on [email protected].

Individual Accounts

The company’s brokers buy and sell currency in the international money markets on behalf of corporate and private customers.

Our brokers work on behalf of our customers to make sure that the transfer of their funds is as quick and painless as possible. Multilingual staff are on hand to liaise with the recipient of the funds (if necessary) to ensure that the whole process is completed smoothly.

Currency UK does not charge for our services. We make our profit from the margin we are able to make between the rate we offer you and the exchange rate we are able to achieve in the market. In some circumstances we may charge for payments, more information can be found here.

By buying large volumes of currency directly from the money markets, they are able to secure rates that are not available to the general public. They make a small margin between the rate at which they buy from the market and the rate that they sell to their customers.

It is possible to book a rate on a forward contract for up to one year in advance.

Forward rates are calculated using the spot rate in force at the time of booking the rate and the interest rate differential between the currencies involved. The further into the future that the rate is booked, the greater the impact that the interest rate differential has on the rate.

For a spot transaction, the rate is fixed at the time of the call to the broker. Settlement is due within 48 hours from the time that the contract was made. The rate agreed is not affected by any subsequent changes in exchange rates.

Currency UK’s Regular Payment Service allows monthly amounts such as mortgage payments to be made to foreign banks. It is possible to fix a rate for 12 monthly payments, however the rate that you would get would not be as competitive as one based on the market rate on a month by month basis.

Most customers using the Regular Payment Service  have found that opting for a rate based on the market rate in force at the time of each monthly payment has proved to be more cost effective than taking a fixed but less competitive rate.

We do handle smaller amounts free of charge, including for customers who trade frequently and also provide a Regular Payment Service for those sending monthly mortgage and pension payments etc.

Typical turnaround time is two working days, and in USD, GBP, EUR and CAD same day trades and payments are possible. Some currencies cannot be sent same day.

We request that payments to us are made by electronic bank transfer. We do not accept any cash payments.

Fill out this form to get started

You must contact your account manager immediately. Once a deal is booked it is legally binding. It may be possible for us to cancel the payment free of charge, but it is likely that you will incur additional costs.

Simply contact your account manager and they will take care of the rest.


The date that a currency exchange is made and funds are available to be transferred.

A code that uniquely identifies financial institutions and banks across the globe. These are used when funds are transferred between banks.

This system identifies bank accounts across the globe.

A payment method used to transfer Euros within Europe.

A same-day transfer service used within the UK.

Transfer service used within the UK.

The rate at which investment banks are buying or selling a currency at any particular time.

The rate between the buy and sell interbank prices. These are the prices that are commonly published via TV channels, online portals, newspapers etc.

If a bank sends funds to another bank that it doesn’t have a direct relationship with, the funds have to go via an intermediary bank.

Another term for intermediary bank.

An exchange of currency.

Another term for an exchange of currency.

Created when you open an account with us, this uniquely identifies you in our records.

A legally binding document that details your agreed trade.

They handle receipt of your funds and make payments on your behalf.

This individual enters your deal into our system.

Your first point of contact who will answer any questions you may have.

An email confirming that we have processed a payment on your behalf.

Set yourself up in minutes, make payments the same day: it’s free, easy and without obligation.