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Currencies Direct review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Currencies Direct suits businesses and expats who send money in a single market and want the transfer side kept simple. It charges No transfer fees, runs on an e-money licence in Spain and covers from 40 currencies, which suits anyone sending on a schedule rather than once.

Key facts

Best for
Regular senders who do not want a transfer fee added to each payment
Transfer fee
No transfer fees↗
Licence type
E money↗
Currencies
from 40↗
Fee to send 1,000
£0↗
Legal entity
CURRENCIES DIRECT SPAIN, EDE, S.L.↗
Headquarters
Spain↗
Founded
1996↗
Support channels
Help-centre↗
Official website
currenciesdirect.com

Facts checked September 26, 2026, 3 sources

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Pros and cons

Pros

  • Transfer fees are No transfer fees, so each payment does not carry a flat charge
  • Founded in 1996, so the operation has a long trading record
  • Covers from 40 currencies, a wider list than the 5 typical count on this site
  • Authorisation is recorded as PSD_EMI ES_BE!6716 under an e-money licence

Cons

  • Support is limited to help centre, while 79.5% of the site covers phone help
  • Licence type is e money rather than a banking licence, and e-money providers make up 40.7% of this ranking
Currencies Direct

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Scored 9.4 / 10 by VaultCue.

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Who it suits

  • Businesses paying suppliers or staff abroad on a regular schedule
  • Expats and families moving money between countries on a recurring basis
  • Anyone who wants a named company and a licence reference to check before sending

Who should look elsewhere

  • Skrill, if you mostly fund transfers by card, because its charge is a percentage of the amount rather than No transfer fees
  • PayPal Colombia, if you already hold a balance there, because its fee depends on the funding method and includes a percentage on international transfers
  • Paysera, if you need a named currency route, because its fees are set by currency and corridor rather than No transfer fees

Deposit protection

Currencies Direct holds an e-money licence, licence type e money, with the Spanish regulator under the entry PSD_EMI ES_BE!6716. That is a payment services permission rather than a banking licence, so how your money is protected follows e-money rules instead of the deposit guarantee that applies to bank accounts. The licence reference lets you look the firm up on the regulator's register.

The company behind it

The legal entity is CURRENCIES DIRECT SPAIN, EDE, S.L., based in Spain and founded in 1996, so there is a named company behind the transfers. Support runs through help centre, and the licence entry PSD_EMI ES_BE!6716 is recorded against the same firm, which keeps the company details and its permission together to check.

How Currencies Direct compares

Where Currencies Direct is available

Licence in Spain
ES_BE (PSD_EMI ES_BE!6716), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Frequently asked questions

What licence does Currencies Direct hold?+

Currencies Direct is authorised as an e-money institution, so its licence type is e money. The permission is recorded with the Spanish regulator as PSD_EMI ES_BE!6716. That is a payment services licence rather than a banking licence, a useful check when weighing providers against each other.

Does Currencies Direct charge a transfer fee?+

The listed transfer fee is No transfer fees, with the amount set at £0. Sending money therefore adds no flat charge on top of the exchange rate, which matters most for regular business payments where a per transfer charge would otherwise build up with volume.

Which company operates Currencies Direct?+

The service runs through CURRENCIES DIRECT SPAIN, EDE, S.L., based in Spain. The legal entity is the company your money and your licence sit with, so it is the name to use when a transfer needs checking or a recipient asks where the payment was sent from.

How many currencies can Currencies Direct send?+

Currencies Direct covers from 40 currencies, a wider list than the 5 typical count across this site. Breadth helps when you send in several currencies, since you can keep the same provider rather than opening a separate account for each route.

How long has Currencies Direct been trading?+

The company was founded in 1996 and trades from ES, with its permission recorded as PSD_EMI ES_BE!6716. Length of trading is not proof on its own, but a long record gives you more history to judge how a provider handles a delayed or misdirected payment.

How do I get help from Currencies Direct?+

Support runs through help centre, so the help centre is the listed route for questions. Across the site, 79.5% of providers cover phone support, which is worth weighing if you would rather speak to someone about a payment that is already in progress.

How does the cost compare with Skrill or PayPal?+

Currencies Direct lists No transfer fees, while Skrill takes a percentage of the amount on card payments and PayPal Colombia charges a percentage that depends on the funding method. If you send large amounts often, the absence of a flat charge here is the main difference to price.

Sources

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Exchange rate markup, Delivery time.

Currencies Direct

Currencies Direct

Regular senders who do not want a transfer fee added to each payment

9.4/10See alternatives