Key Currency is a UK-based overseas fund transfer specialist that began operations in 2016. This company serves individuals and businesses alike, offering competitive exchange rates while charging no hidden fees. The competition in this field, though, is tough, and there are scores of other fund transfer companies that offer similar services. If you are looking for a Key Currency alternative, know that you are not alone.
When looking for an alternative to Key Currency, remember that people who transfer funds across borders tend to have different requirements. As a result, the same company might not work equally well for everyone. For instance, while a particular company may offer highly competitive exchange rates and offer fee-free transfers, it might not accept payments via credit cards.
The table below serves as a starting point in your search for the right Key Currency competitor:
- Choose a region
- See which company offers your desired payment method
- Look for minimum transfer amounts
- Compare fees and processing times
- Make a shortlist
MoneyCorp Competitor Comparison Table
UKUSAAustralia / NZCanadaEuropeHong Kong
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
WorldFirst
- 9.2/10
- Online
PhoneOne off transfers Regular transfers Forward contracts Currency options - NO FEES
- NO FEES.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1000 / $1000 / €1000 / AUD$2000
OFX (UK)
- 8.9/10
- Online
PhoneOne off transfers Regular transfers - NO FEES
- NO FEES
- 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- £100
TorFX (UK / Europe)
- 9.5/10
- Online
PhoneOne off transfers Regular transfers Rate Watch Limit Orders Forward Contracts - NO FEES
- NO FEEThey charge no fees on 90% of transactions. If fees apply you are informed upfront.
- 1 - 3 Days
- £50 / €100£2000 and over for phone assistance.
£50 - £10,000 via the TorFX online.
Currencies Direct
- 9.1/10
- Online
PhoneOne off transfers Regular transfers Forward Contracts Limit orders Stop loss orders - NO FEES
Currencies Direct regularly offer great rewards for new clients.
Check back again soon for their latest offers… - NO FEEThey charge no fees on 90% of transactions. If fees apply you are informed upfront.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1 / $1 / €1
CurrencyFair
- 9.2/10
- Online
Phone AssistanceOne off transfers Regular transfers - 3 Transfers Fee Free!
Your first Three Transfers Fee Free! Learn more - €3Euro Equivalent. Learn more
- 1 - 2 DaysPriority 1-Day transfers are available at extra cost
NEW Automatic QuickTrade feature could take as little as 1 hour! - Their website is also responsive so it auto-scales to your screen size.
- €8Euro Equivalent. Learn more
WorldRemit
- 9.4/10
- Online OnlyOne off transfers Phone assistance available
- First 3 Transfers Fee Free.
Your first overseas transfer Fee Free! Learn more - $3 - 4For example. Sending €10,000
from Australia would incur
€50 fee + 4-5% exchange
rate fee on top of market rates. - 1 - 3 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
TransferWise
- 9.3/10
- Online OnlyOne off transfers Regular transfers
- First £3,000 Fee Free!
First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000. - ~0.5%Min and Max Fees apply.. Learn More
- 1 - 2 Days
- £1 / $1Min and Max Fees apply.. Learn More
FrontierPay
- 9.7/10
- Online
PhoneOne off transfers Regular transfers - NO FEESNo fees are charged on any transaction
- NO FEE
- 1 - 3 Days
- $1,000
FC Exchange
- 9.7/10
- Online
phoneOne off transfers Regular transfers Forward Contracts - £0 / £10No fee for transfers over £10,000!
- 1 - 3 Days
- Feel free to call and discuss your needs with their very helpful brokers.
- £1,000 - £3,000For regular transfers, the minumum transfer can be reduced to £1,000. Give FC Exchange a call to discuss your individual needs.
XE (Formerly HiFX)
- 9.1/10
- Online OnlyOne off transfers Phone assistance available
- XE.com transaction fees are contained within the exchange rate offered.
- 1 - 5 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
OFX (USA)
- 8.9/10
- Online
PhoneOne off transfers Regular transfers Buy Now Transfer Later Set Target Rate FX Options - NO FEES
- NO FEES
- 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- USD$250
TransferWise
- 9.3/10
- Online OnlyOne off transfers Regular transfers
- First £3,000 Fee Free!
First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000. - ~0.5%Min and Max Fees apply.. Learn More
- 1 - 2 Days
- £1 / $1Min and Max Fees apply.. Learn More
XE.com
- 9.1/10
- Online OnlyOne off transfers Phone assistance available
- NO FEES
- NO FEESXE.com transaction fees are contained within the exchange rate offered.
- 1 - 2 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
OFX (Aus / NZ)
- 9.1/10
- Online
PhoneOne off transfers Regular transfers - First 2 Transactions Free
- AUD$15
- 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- AUD$250
TorFX (Aus / NZ)
- 9.5/10
- Online
PhoneOne off transfers Regular transfers Rate Watch Limit Orders Forward Contracts - NO FEES
- NO FEEThey charge no fees on 90% of transactions. If fees apply you are informed upfront.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- $100$2000 and over for phone assistance.
$50 - $10,000 via the TorFX online.
WorldFirst
- 9.2/10
- Online
PhoneOne off transfers Regular transfers Forward contracts Currency options - NO FEES
- NO FEES.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1000 / $1000 / €1000 / AUD$2000
TransferWise
- 9.3/10
- Online OnlyOne off transfers Regular transfers
- First £3,000 Fee Free!
First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000. - ~0.5%Min and Max Fees apply.. Learn More
- 1 - 2 Days
- £1 / $1Min and Max Fees apply.. Learn More
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
CurrencyFair
- 9.2/10
- Online
Phone AssistanceOne off transfers Regular transfers - 5 Transfers Fee Free!
Your first FIVE Transfers Fee Free! Learn more - €3Euro Equivalent. Learn more
- 1 - 2 DaysPriority 1-Day transfers are available at extra cost
NEW Automatic QuickTrade feature could take as little as 1 hour! - Their website is also responsive so it auto-scales to your screen size.
- €8Euro Equivalent. Learn more
XE (Formerly HiFX)
- 9.1/10
- Online OnlyOne off transfers Phone assistance available
- XE.com transaction fees are contained within the exchange rate offered.
- 1 - 5 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
WorldRemit
- 9.4/10
- Online OnlyOne off transfers Phone assistance available
- First 3 Transfers Fee Free.
Your first overseas transfer Fee Free! Learn more - $3 - 4For example. Sending €10,000
from Australia would incur
€50 fee + 4-5% exchange
rate fee on top of market rates. - 1 - 3 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
OFX (Canada)
- 8.9/10
- Online
PhoneOne off transfers Regular transfers - First 2 Transactions Free
- CAD$15
- 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- CAD$250
WorldFirst
- 9.2/10
- Online
PhoneOne off transfers Regular transfers Forward contracts Currency options - NO FEES
- NO FEES.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1000 / $1000 / €1000 / AUD$2000
TransferWise
- 9.3/10
- Online OnlyOne off transfers Regular transfers
- First £3,000 Fee Free!
First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000. - ~0.5%Min and Max Fees apply.. Learn More
- 1 - 2 Days
- £1 / $1Min and Max Fees apply.. Learn More
CurrencyFair
- 9.1/10
- Online
Phone AssistanceOne off transfers Regular transfers - 5 Transfers Fee Free!
Your first FIVE Transfers Fee Free! Learn more - €3Euro Equivalent. Learn more
- 1 - 2 DaysPriority 1-Day transfers are available at extra cost
NEW Automatic QuickTrade feature could take as little as 1 hour! - Their website is also responsive so it auto-scales to your screen size.
- €8Euro Equivalent. Learn more
WorldRemit
- 9.4/10
- Online OnlyOne off transfers Phone assistance available
- First 3 Transfers Fee Free.
Your first overseas transfer Fee Free! Learn more - $3 - 4For example. Sending €10,000
from Australia would incur
€50 fee + 4-5% exchange
rate fee on top of market rates. - 1 - 3 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
XE.com
- 9.1/10
- Online OnlyOne off transfers Phone assistance available
- NO FEES
- NO FEESXE.com transaction fees are contained within the exchange rate offered.
- 1 - 2 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
OFX (Europe)
- 9.1/10
- Online
PhoneOne off transfers Regular transfers
NO FEES- NO FEES
- 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- £100
Currencies Direct
- 9.1/10
- Online
PhoneOne off transfers Regular transfers Forward Contracts Limit orders Stop loss orders - NO FEES
Currencies Direct regularly offer great rewards for new clients.
Check back again soon for their latest offers… - NO FEEThey charge no fees on 90% of transactions. If fees apply you are informed upfront.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1 / $1 / €1
TransferWise
- 9.3/10
- Online OnlyOne off transfers Regular transfers
- First £3,000 Fee Free!
First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000. - ~0.5%Min and Max Fees apply.. Learn More
- 1 - 2 Days
- £1 / $1Min and Max Fees apply.. Learn More
TorFX (UK / Europe)
- 9.5/10
- Online
PhoneOne off transfers Regular transfers Rate Watch Limit Orders Forward Contracts - NO FEES
- NO FEEThey charge no fees on 90% of transactions. If fees apply you are informed upfront.
- 1 - 3 Days
- £50 / €100£2000 and over for phone assistance.
£50 - £10,000 via the TorFX online.
CurrencyFair
- 9.2/10
- Online
Phone AssistanceOne off transfers Regular transfers - 5 Transfers Fee Free!
Your first FIVE Transfers Fee Free! Learn more - €3Euro Equivalent. Learn more
- 1 - 2 DaysPriority 1-Day transfers are available at extra cost
NEW Automatic QuickTrade feature could take as little as 1 hour! - Their website is also responsive so it auto-scales to your screen size.
- €8Euro Equivalent. Learn more
WorldRemit
- 9.4/10
- Online OnlyOne off transfers Phone assistance available
- First 3 Transfers Fee Free.
Your first overseas transfer Fee Free! Learn more - $3 - 4For example. Sending €10,000
from Australia would incur
€50 fee + 4-5% exchange
rate fee on top of market rates. - 1 - 3 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
WorldFirst
- 9.2/10
- Online
PhoneOne off transfers Regular transfers Forward contracts Currency options - NO FEES
- NO FEES.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1000 / $1000 / €1000 / AUD$2000
FC Exchange
- 9.7/10
- Online
phoneOne off transfers Regular transfers Forward Contracts - £0 / £10No fee for transfers over £10,000!
- 1 - 3 Days
- Feel free to call and discuss your needs with their very helpful brokers.
- £1,000 - £3,000For regular transfers, the minumum transfer can be reduced to £1,000. Give FC Exchange a call to discuss your individual needs.
FrontierPay
- 9.7/10
- Online
PhoneOne off transfers Regular transfers - NO FEESNo fees are charged on any transaction
- NO FEE
- 1 - 3 Days
- $1,000
XE.com
- 9.1/10
- Online OnlyOne off transfers Phone assistance available
- NO FEES
- NO FEESXE.com transaction fees are contained within the exchange rate offered.
- 1 - 2 Days
- Regular payments to PayPal registered merchants is possible.
Regular payments to family or friends PayPal accounts is not currently possible. - Their website is responsive so it auto-scales to your screen size.
- €/£/$1
- User RatingTrustPilot or Feefo User Ratings
- Transfer Type
- Coupon
- Fee
- Speed
- Regular Payments
- Mobile App
- Min Transfer Amount
WorldFirst
- 9.2/10
- Online
PhoneOne off transfers Regular transfers Forward contracts Currency options - NO FEES
- NO FEES.
- 1 - 3 Days
- Their website is responsive so it auto-scales to your screen size.
- £1000 / $1000 / €1000 / AUD$2000
OFX
- 9.2/10
- Online
PhoneOne off transfers Regular transfers - First 2 Transactions Free
- AUD$15
- 1 - 3 Days
- Their website is also responsive so it auto-scales to your screen size.
- AUD$250
TransferWise
- 9.3/10
- Online OnlyOne off transfers Regular transfers
- First £3,000 Fee Free!
First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000. - ~0.5%Min and Max Fees apply.. Learn More
- 1 - 2 Days
- £1 / $1Min and Max Fees apply.. Learn More
CurrencyFair
- 9.2/10
- Online
Phone AssistanceOne off transfers Regular transfers - 3 Transfers Fee Free!
Your first Three Transfers Fee Free! Learn more - €3Euro Equivalent. Learn more
- 1 - 2 DaysPriority 1-Day transfers are available at extra cost
NEW Automatic QuickTrade feature could take as little as 1 hour! - Their website is also responsive so it auto-scales to your screen size.
- €8Euro Equivalent. Learn more
TorFX
Headquartered in the UK, TorFX has an international office in Australia. It began operations in 2005 and launched a dedicated website for Australia in 2013. This Key Currency alternative serves individuals and businesses. You may use both its websites only in English.
Pros
- Serves individuals and businesses
- Personal transfers come with no fees
- Offers forward contracts, limit orders, stop loss orders, and scheduled transfers
- Provides travel money solutions in the UK
Cons
- Physical presence outside of the UK limits to Australia
- No cash pickup centers
CurrencyFair
CurrencyFair has its headquarters in Ireland, with offices also in the UK and Australia. This alternative to Key Currency has been around since 2009. The company lets you register as an individual or a business. It operates a multilingual website. Using the CurrencyFair Exchange platform, you get to bid for preferred rates.
Pros
- Sign up as an individual or a business
- Headquarters in Ireland, offices also in the UK and Australia
- Website access in different languages
- Transfer as little as €8
- Stand to get desired rates through the Exchange platform
- Lets you schedule transfers
Cons
- Does not provide services in all American states
- Does not offer forward contracts or market orders
- You will pay 0.35% of the transferred amount plus €3 as fees
- No cash pickup centers
Currencies Direct
UK-based Currencies Direct also has offices in the U.S., Spain, Portugal, France, India, and South Africa. This Key Currency competitor began operations in 1996. It serves individuals, businesses, and online sellers. Website access comes in different languages.
Pros
- Register as an individual, a business, or an online seller
- Accepts customers from most countries
- Headquartered in the UK, offices also in the U.S., Spain, Portugal, France, India, and South Africa
- Multilingual website
- Offers forward contracts, market orders, and scheduled transfers
- Provides travel money solutions in the UK
Cons
- Does not provide services in all American states
- No cash pickup centers
OFX
OFX is an Australia-based company with offices also in New Zealand, the UK, the U.S., Canada, and Hong Kong. This Key Currency alternative began operations in 1998, as an information-only website. The company serves individuals, businesses, and online sellers. You may use its website only in English.
Pros
- Sign up as an individual, a business, or an online seller
- Headquarters in Australia, offices also in New Zealand, the UK, the U.S., Canada, and Hong Kong
- Operates dedicated websites for Australia, the UK, the U.S., and Canada
- Offers local phone support in some countries
- Fee-free transfers if you send more than preset thresholds
- Provides forward contracts, market orders, and scheduled transfers
- Initiate your transfer online or over the phone
Cons
- Allows trading of some currencies only over the phone
- Website access limits to English
- No cash pickup centers
TransferWise
UK-based TransferWise also has offices in the U.S., Estonia, Ukraine, Hungary, Australia, Hong Kong, and Singapore. This alternative to Key Currency began operations in 2011. You may sign up as an individual, a business, or an online seller. The TransferWise Borderless Account lets you hold funds in multiple currencies.
Pros
- Register as an individual, a business, or an online seller
- Simplify signing up by using your Facebook, Google, or PayPal account
- Headquartered in the UK, offices also in the U.S., Estonia, Ukraine, Hungary, Australia, Hong Kong, and Singapore
- Operates dedicated multilingual websites for the UK, the U.S., Canada, Italy, Germany, Switzerland, France, Brazil, Australia, New Zealand, Japan, and Singapore
- Offers local phone support in some countries
- Accepts credit card payments from residents of some countries
- Hold funds in up to 27 currencies using the Borderless Account
Cons
- Does not provide forward contracts, market orders, or scheduled transfers
- Its peer-to-peer network does not support all countries
- Transfer fee depends on the currencies involved, the amount being transferred, and the mode of payment
- No cash pickup centers
WorldRemit
Headquartered in the UK, WorldRemit also has offices in the U.S., Canada, Japan, Australia, and New Zealand. This Key Currency competitor lets recipients collect transferred funds from physical locations. You may register with this company only as an individual. It operates a multilingual website.
Pros
- Headquarters in the UK, offices also in the U.S., Canada, Japan, Australia, and New Zealand
- Offers local phone support in some countries
- Transfer as little as £1
- Pay for your transfer using a credit card
- Website access in different languages
- Transfer funds to bank accounts or cash pickup centers
- Top off mobile wallets and airtime
Cons
- Serves only individuals
- Where you live and the desired transfer method may affect sending limits
- The currencies involved, the mode of payment, and the transfer method affect the cost of a transfer
Azimo
UK-based Azimo has been around since 2012 and it has an international office in Poland. This Key Currency alternative does not serve businesses. Recipients may collect transferred funds from physical locations.
Pros
- Multilingual website access and email support
- Transfer funds to bank accounts or cash pickup centers
- Get transferred funds delivered home in some places
- Top off mobile wallets and airtime
Cons
- Serves only individuals
- Only residents of Europe may register as customers
- Accepts payments only in European currencies
- Physical presence outside of the UK limits to Poland
- Does not provide forward contracts, market orders, or scheduled transfers
- Where you live, the destination country, the payment method, and the transfer method affect the fees you need to pay
FC Exchange
FC Exchange has its headquarters in the UK and offices also in South Africa and Cyprus. This alternative to Key Currency has been around since 2005. You may register with this company as an individual, a business, or an online seller. Access to its website for online sellers from China comes in English and Chinese.
Pros
- Serves individuals, businesses, and online sellers
- Headquarters in the UK, offices also in South Africa and Cyprus
- Access to website for online sellers from China in English and Chinese
- All customers get access to dedicated currency brokers
- Choose from forward contracts, market orders, and scheduled transfers
- Initiate your transfer online or over the phone
- Accepts transfer instructions via email and fax in some cases
Cons
- Access to global website comes only in English
- The destination country and the payment method affect the cost of a transfer
- No cash pickup centers
Frontierpay
This UK-based Key Currency competitor has been around since 2009. You may register with Frontierpay as an individual or a business. It gives all customers access to personal dealers. You may pay for your transfer using a credit card.
Pros
- Serves individuals and businesses
- Gives all customers access to personal dealers
- Personal transfers come with no fees
- Provides forward contracts, market orders, and scheduled transfers
- Initiate your transfer online or over the phone
Cons
- No international offices
- Website access only in English
- Only a UK-based number for phone support
- Need to transfer at least £500
- No cash pickup centers
XE
Headquartered in the UK, XE (Formerly HiFX) also has offices in Australia, New Zealand, and Spain. This Key Currency alternative began operations in 1998, as Halewood International Foreign Exchange Limited. This company serves individuals and businesses. If you plan to transfer more than £10,000, you will get access to a personal broker.
Pros
- Sign up as an individual or a business
- UK-based, offices also in Australia, New Zealand, and Spain
- Dedicated websites for the UK, the U.S., Australia, and New Zealand
- Accepts credit card payments
- No fees when the transfer amount exceeds preset thresholds
- Provides scheduled transfers and forward contracts
- Get better-than-usual rates when transferring large sums
Cons
- No apps for mobile devices
- Website access only in English
- No cash pickup centers
World First
UK-based World First also has offices in the U.S., the Netherlands, Japan, Hong Kong, and Singapore. This alternative to Key Currency began operations in 2004. The company serves individuals, businesses, and online sellers. It operates dedicated multilingual websites for different countries.
Pros
- Register as an individual, a business, or an online seller
- Headquartered in the UK, offices also in the U.S., the Netherlands, Japan, Hong Kong, and Singapore
- Dedicated multilingual websites for the UK, the U.S. and Canada, France, the Netherlands, Australia, Japan, Hong Kong, and Singapore
- No fees when the transfer amount exceeds preset thresholds
- Provides forward contracts and scheduled transfers
- Initiate your transfer online or over the phone
Cons
- Does not provide services in all American states
- Need to account for minimum transfer limits
- No cash pickup centers
Banks
Finding a bank that is better than Key Currency for overseas fund transfers is not easy because most banks falter on two important factors – cost and speed. If you are looking for a quick and cost-effective way to send money overseas, turning to a specialist fund transfer company is in your best interest.
Learn More
- Do HiFX have adequate competition or is it all the same with a different name?
- Should one consider FC Exchange or are their better alternatives?
- Does TransferWise live up to their hype?
Raymond Charles Ogilvie says
Good Evening,
I have registered with Key Currency,as I need to send a 50k plus payment to Spain.
My question is : Are Key Currency fully registered to the FCA?
Also am I covered under the FSCS with Key Currency?
I just want reassurance before I send the funds .
Any information would be much appreciated.
Best Regards
Raymond
iCompareFX says
Hi Raymond,
Thanks for your comment. Indeed Key Currency is registered with the Financial Conduct Authority (FCA). Financial Services Register No. 753989.
The question of cover under Financial Services Compensation Scheme in the UK is a really good question. Although FSCS is funded by levies on FCA registered bodies, it may be the case that only bank deposits are covered. Key Currency segregates client funds in their bank accounts. While your funds are within their bank account, it may be the case that it is covered under FSCS. This may not be the case while your funds are in transit to your destination Euro account.
I would encourage you to verify FSCS cover with your account manager within Key Currency Money Transfer.
+44 (0)1872 487 500
[email protected]
Best regards,
The iCompareFX Team