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Key Currency doesn’t charge any transfer or banking fees and doesn’t have fixed margins. Instead, you pay a spread based on the amount of money you’re exchanging and the currency pairs you are exchanging between. This means that spreads are lower for sending or receiving common currencies than uncommon currencies.
Key Currency does not offer information online about its current spreads or exchange rates. You must request a quote or contact an agent in order to get a price estimate for your money transfer.
To get a quote and initiate a money transfer with Key Currency, follow these steps:
Note that Key Currency only offers quotes over the phone, not online. The company also does not display information about current exchange rates online. You must speak with an agent to initiate a transfer with this service.
After you request a quote, a Key Currency agent will contact you to learn more about your transfer and offer a live quote. You can work with your agent to set up a limit order to get the best exchange rate. Agents can also advise you as to current conditions in the currency market and help you schedule your transfer for a future date when rates may be more favorable.
To start your transfer, you will need to send money to Key Currency’s client account along with information about the recipient’s bank account. Key Currency will then send money in the appropriate currency to your recipient’s bank account.
Key Currency only accepts bank transfers. The service does not have minimum or maximum sending limits.
Transfers at Key Currency typically take 1-2 business days from the time you send money to the platform’s client account. If you are exchanging one uncommon currency pair for another, transfers can take up to 5 days.
You must contact Key Currency’s support team in order to initiate a transfer. Support is available by phone or email from 8:30 AM to 5:30 PM (GMT) Monday to Friday.
Key Currency is licensed as an Authorised Payment Institution by the Financial Conduct Authority (FCA), the UK’s financial regulator. The company only uses FCA-regulated bank accounts to store clients’ funds during transfers. Your online account is protected with SSL (Secure Socket Layer) encryption to protect your payment information.
Key Currency is a UK money transfer service that enables you to exchange funds in 37 different currencies. The service doesn’t charge transfer fees and you can work with an agent to set up a limit order to get the best exchange rate for your transfer. In addition, this service doesn’t have minimum or maximum transfer limits, and most money transfers are completed in 1-2 days. Key Currency is licensed as an Authorised Payment Institution by the UK’s FCA.
