Transferencias de alto valor simplificadas

With Currencies Direct you won’t pay any additional fees when you send money abroad. All you do is agree an exchange rate and make a transfer. We calculate the rate by adding a small margin to the wholesale exchange rate.

It’s worth noting, however, that once your money has left us other banks in the process might add fees of their own. For example, the recipient’s bank might charge a ‘receiving fee’.

Anything above £50,000 (or equivalent) is considered a large transfer and requires the support of our dedicated currency experts so must be transacted over the phone. For transfers of less than £50,000 you can use our online service and app, available 24/7. 

While you can transfer sums up to £50,000 online or through our app, you’ll need to call us to arrange a large transfer. This way, our team can help you get the best possible deal. If you'd like more information about the process and methods of making a large transfer, check out our article on how to transfer large amounts of money internationally.

No – with Currencies Direct there are no limits on how much money you send or receive.

However, your bank may limit the amount you can transfer in a day. If this is the case, you can often ask them to either permanently or temporarily increase the limit to allow a larger transfer. 

Whether or not you need to pay tax depends on many things, such as your tax residency and the reason for the transfer. For instance, you may need to pay Capital Gains Tax if you sell an overseas property.

We’re not allowed to give tax advice, so we recommend speaking to a financial advisor or the relevant tax authority.

All the currencies we offer are available for large transfers, although there may be other restrictions on some of them. It’s best to get in touch with our team if you want to check your requirement. 

We buy currencies in bulk, at wholesale rates, and sell them at retail rates. The difference is our profit. 

With larger transfers, we can offer our customers a rate much closer to the wholesale rate. 

You can track all your transactions on our website or in our app once you’ve created an account.

On the website, go to the ‘Activity’ page (you can get to it from the top menu). Under the ‘Instruction’ tab, you’ll see any transfers you’ve recently started.

In the app, go to 'Activity' from the bottom menu bar. Here you'll find your activity feed showing the status of each transfer.

This depends on where you’re sending the funds and when you get your money to us. If you have funds on account the transfer can be made same day.

If you don’t have funds on account, generally we can send money to Europe on the day you book your deal. It then takes between 24-48 hours to arrive.

For a more accurate estimate for the currency you’re sending, see our currency guides.

If we come across any issues while making the transfer, we’ll get in touch with you right away. Similarly, if you have an issue – such as the payment not arriving on time – get in touch with us and we can investigate.

Our operations team can put a trace on your money to follow its progress and work to resolve your issues. You can call us on +44 (0) 20 7847 9400 or email [email protected]. 

Once you've been verified, you usually won't need to provide documents for each transfer. However, periodic re-verification may be required.

There may also be instances where compliance has queries on payments going to the same account. For example, when funds go to a third party.

Typically 24-48 hours after our confirmation email. Sterling transfers are usually faster and can be completed within a few hours.

Please note that the final clearing of funds remains subject to the applicable clearing regulations of the receiving bank.

Bank holidays and weekends can extend timelines. Processing typically resumes on the next working day.