Providers · Business & Personal accounts

Currencies Direct

Currencies Direct

2 plans in our database · licensed as EMI, MSB, FSP

Data last verified: 21 August 2026

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Independent data. Every figure below comes from Currencies Direct's published pricing, checked by hand - never from a sales deal. Missing fees show as “n/a” and are never counted as free. Methodology · Spotted an error? Tell us

Plans & fees

PlanTypeMonthly feeSetupFX feeSWIFT out
Business multi-currency accountbusinessFreeFreen/aFree
Online accountpersonalFreeFreen/aFree

* Some FX rates are “from” or “up to”. ⚠ “from” = starting price (variable pricing) - the final fee depends on your profile. “Bespoke” = custom pricing on request. Compare across providers on the fee tables.

What you get

SWIFTCardsMulti-currency

Hold up to 48 currencies · local account details in EUR, USD.

Regulation

Regulated or registered in United Kingdom, Spain, Portugal, South Africa, Canada, United States.

Regulators: Financial Conduct Authority · Bank of Spain · Banco de Portugal · Financial Sector Conduct Authority (FSCA) · Financial Transactions and Report Centre of Canada · Bank of Canada · Financial Crimes Enforcement Network (FinCEN)

In the fine print

Conditions from Currencies Direct's own terms, pricing pages and acceptable-use policy that don't fit in a table. Read in full and checked by hand.

Limits

  • There is no limit on how much you can send, receive or keep. What is capped is the online platform: a transfer there runs from a minimum of £10 to a maximum of £500,000, and anything larger is arranged by phone.
  • Funding the account from online banking is capped at $10,000, and only on selected US accounts.
  • There is no limit on how much you can send, receive or keep in the wallets.
  • Card and ATM limits depend on where you live: EU residents get €18,000 per card transaction and per day and €600 at ATMs, UK residents £15,000 and £500.

Payments & transfers

  • The euro account is located in Spain, and works for sending and receiving across the whole SEPA area.
  • Local USD accounts are currently available only on selected US accounts.

Countries & residency

  • living in USIn the US, Currencies Direct Inc. holds money transmitter licences in Arizona, California, Florida, Colorado, Georgia, Illinois, New Jersey, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Utah and Washington (NMLS ID 1232445) and is a FinCEN-registered MSB; the remaining US states are served under sponsorship by Cross River Bank.

Company ownership

  • Redpin, Redpin Payments, and PropertyPay are trading names of Currencies Direct.

Licence & regulation

  • Regulated in the UK as an Electronic Money Institution by the Financial Conduct Authority (FRN 900669); the UK entity is Currencies Direct Ltd.
  • In the EU it operates through Currencies Direct Spain EDE SL, an EMI authorised by the Bank of Spain (registration 6716), with a Portugal branch under Banco de Portugal licence 7972.
  • In South Africa it is an FSCA-authorised Financial Service Provider (FSP number 43493).
  • In Canada it is registered with FINTRAC as a Money Services Business (M08690900) and with the Bank of Canada as a Payment Service Provider (RPS0002406).

Will Currencies Direct actually accept you?

Acceptance depends on where your company is registered, where its owners live, where your money flows - and your sector. The wizard checks Currencies Direct's published rules on all of them, and shows you the alternatives too.

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