Author, Mike Smith
Last Updated on June 1st, 2024
There are many different currency transfer services out there, whether through banks, online services, or specific companies.
You may not know which of these companies is the best one, however, we have the answer below for you.
Key Currency provides one of the very best currency transfer services to personal and business customers. Key Currency is a UK-based currency transfer service with competitive currency exchange rates and no hidden fees. Key Currency also has excellent customer service; helpful employees can guide customers through the process of a currency transfer.
There are many reasons why Key Currency is one of the best currency transfer services out there, from the exchange rates and fees to the customer service to the fast and efficient transfers.
What services does Key Currency offer?
Currency transfer services are companies that transfer your money overseas.
It can be complicated to change your money into the right currency and deal with foreign banks. Currency transfer services exchange and send your money overseas, all while keeping it safe and secure.
Key Currency does all of this for you, requiring you to complete only four simple steps.
First, you need to register with Key Currency online or over the phone. This only takes a few minutes and is quick and easy. This is simply a safeguard against money laundering and is required by law.
Once you are registered, you will meet with an account manager. They just need to know the amount of money and the currency they wish to exchange it to.
The account manager will answer any question you have and give you an exchange rate that, rather than being fixed, is up to date with current rates and inflation.
Once you’ve gotten your exchange rate, you just transfer your money and provide the information about the bank to which you want to transfer it. Key Currency will do the rest.
Your money will be kept in a safeguarded account until the transfer is complete. Key Currency will convert your funds into the proper currency and transfer them, which only takes 1 to 2 business days for most major currencies.
Key Currency does money transfers for personal or business transactions.
Key Currency also offers on-the-spot transfers, regular payments for recurring transfers, rate alerts for when the market is in your favour, forward contracts to lock in a rate early, limit orders for when the currency rate hits a target level, and market analysis done by experts so you don’t need to worry about it.
Key Currency has a five-star rating on Trustpilot.
With over 1,900 reviews on the site, a five-star rating is considered ‘excellent’ by Trustpilot. 94% of these reviews are five stars that are accompanied by glowing recommendations of the company and its services.
How does Key Currency compare to other currency transfer services?
There are a few types of currency transfer services: some are part of a bank’s services and some are companies that are specifically meant to transfer currency overseas.
Each of these types has pros and cons, and Key Currency is comparable to both types.
Banks
The big banks will normally provide currency transfer services for their clients.
Some might say using a bank is like cutting out the middleman instead of going through an independent currency transfer service. There are good things about using a bank’s transfer service, such as efficiency. And you don’t need to register or present paperwork to use this service.
However, there are drawbacks to using a bank’s service instead of an independent service.
If you use a bank, the transfer fees are usually higher and the exchange rates are often worse. It also usually takes longer for a bank to transfer your money.
Banks offer a lot of services, handle a lot of money, and do a lot of different things with this money.
Independent transfer services just provide one service, so they are more able to focus on this service.
It may be a bit of a hassle to register for the service, but it will end up being quicker, easier, and cheaper to use an independent currency transfer service.
In general, independent currency transfer services are comparatively better to use than bank services, so using the best independent currency transfer service is the best option.
Independent Currency Transfer Services
Independent currency transfer services are dedicated to getting your money to the right place and protecting it along the way. They also can keep an eye on the currency market and give you information about it that a bank can’t necessarily provide.
Key Currency is considered one of the very best of these transfer services having won 7 industry awards and alongside a 5-star rating.
Key Currency has exchange rates that are competitive with the other services. Many other services and banks will have a fixed exchange rate that you can either take or leave. Key Currency offers you an exchange rate when you talk to them which can be negotiated. Experts that work for Key Currency keep an eye on the markets and provide good rates based on the state of the markets.
Key Currency doesn’t have any hidden fees. The amount you’ll be paying and what it will be exchanged into is very upfront. Key Currency also works more quickly than other transfer services. Your payment will be transferred within 1 to 2 business days unless there are problems or extenuating circumstances. Most other services take much longer.
Key Currency also has amazing customer service. Other transfer services are often entirely online. You’re on your own with figuring out what to do. Key Currency, on the other hand, has someone there to help you out. They also handle the more complicated parts of the transfer.
With other services, though they facilitate the transfer, you are forced to do most of the paperwork and figure things out on your own. This can confuse, infuriate, or stress out many customers.
Key Currency handles most of the work for you, only leaving you with a few simple things to handle.
The exchange rates and fees, efficiency, and customer service are all good reasons to use Key Currency.
If you need to transfer money overseas, Key Currency can make sure that your money is exchanged and transferred safely, efficiently, and inexpensively.