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Pros

Excellent customer service with dedicated account managers for larger transactions.
Competitive exchange rates, often better than traditional banks, especially for larger transfers.
Fully licensed and regulated by the Financial Conduct Authority (FCA), ensuring a secure and trustworthy service.

Cons

Fees for smaller transactions can be relatively high, with a £10 fee for transfers below £5,000.
Limited online transfer capabilities, with a maximum send amount of £20,000 for personal accounts.
No dedicated mobile app, which may inconvenience users who prefer mobile transactions.

Currency Solutions broker Accounts

Currency Solutions Account Type

Currency Solutions offers different types of accounts tailored to meet the needs of both personal and business users. The primary account types include:

  • Personal Account: Designed for individuals looking to transfer money internationally. The minimum transfer amount is £1,000, with a fee of £10 for transfers below £3,000. Transfers over £3,000 are fee-free.

  • Business Account: Aimed at companies that require regular international money transfers. This account allows for larger transfer amounts, with a maximum limit of £50,000 per transaction. Similar to personal accounts, transfers above £3,000 incur no fees.

  • Dedicated Dealer Support: Upon signing up, each account holder is assigned a personal dealer who assists in negotiating exchange rates and managing transfers, ensuring a tailored service.

  • Currency Solutions Broker Account Opening Process

    Opening an account with Currency Solutions is a straightforward process that can be completed in a few steps:

    • Registration:
      • Visit the Currency Solutions website and click on the registration link.
      • Fill out the online application form with your email and password.
      • Account Type Selection:
        • Choose between a personal or business account based on your needs.
        • Provide Personal Information:
          • Input your title, name, nationality, occupation, date of birth, postcode, and phone number. This information is essential for account verification.
          • Document Verification:
            • Submit proof of identity (valid passport, driving license, or ID card) and proof of address (utility bill, bank statement, or government-issued document dated within the last three months).
            • Account Approval:
              • After submitting the required documents, Currency Solutions will verify your information. This process typically takes less than 30 minutes, and you will receive a call to complete the verification.
              • Initiate Transfers:
                • Once your account is verified, you can begin making transfers. You will be assigned a dedicated dealer who will assist you in getting the best rates and managing your transactions.

                By following these steps, you can successfully open a Currency Solutions account and start utilizing their services for your international money transfer needs.

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Currency Solutions Account