The company also provides currency risk services and primarily serves the UK and European markets.
It is well suited for businesses that need to send large amounts of money regularly.
Overview
Monthly Fee | Exchange rate | Transfer fees | Multi-currency account |
|---|---|---|---|
$0 / £0 | Agreed per transfers | No fees | None |
- Dedicated account managers to monitor exchange rates on behalf of the business
- Long standing experience in handling large transactions, business transfres and overseas property purchases
- Supports currency risk options and offers access to account managers to aid in decision making
- Not available to businesses in the US, so best suited for UK and European options
Features | Insight |
|---|---|
Forward contracts | You can lock good rates today for the future |
Spot contracts | Ability to exchange currencies at the current rate |
Rate alerts | They will send you alerts when the market is in your favor |
Limit orders | Set a pre-determined exchange rate to automatically convert in the future |
Regular payments | Automate regular payments within forward contracts, as well as other types of transfers |
Market analysis and insight | Key Currency provides businesses with market analysis and rate analysis, to aid in currency risk strategy |
Large transactions assistance | Key Currency will work directly with third parties to negotiate the best deal for your business |
Account managers | An account manager will help navigate the marker and provide expert advice |
Key Currency fees and general cost
There are no transfer fees or opening costs with Key Currency. The one cost associated with transfers is the currency exchange, and the rate is negotiated per transfer based on individual needs.
Currency risk options
As a broker, the main selling point of using Key Currency is the currency risk solutions.
With Key Currency these include:
Rate alerts to let you know when a currency pair hits the ideal rate.
Forward contracts and limit orders to ensure you can buy and send currency at a price suited to your business.
Access to market analysis from Key Currency that will aid in guiding the best time to make a currency transfer.
This is a similar offering to the likes of Moneycorp, Currencies Direct, and Central FX.
Solutions offered by Key Currency
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Signing up for Key Currency
Visit Key Currency
Navigate to the Key Currency website and click the "Open an Account" button.
Select Account and Add Your Details
Fill out the application form with business details. This will include your full name, email address, phone number, country of residence, and preferred currency.
When opening a business account, you will provide company information, such as the business name and registration number.
Submit The Documents
After completing the form, you’ll need to upload identification documents.
This typically includes a photo ID (like a passport or driver's license) and proof of address (such as a utility bill or bank statement).
In some instances businesses may need to provide proof of business registration.
Start Your Transfer
Once your account is set up, you’ll have a dedicated currency expert who will discuss your specific currency needs.
They will help you understand the best options for your situation, including current exchange rates and the timing of your transfers.
After agreeing on a rate with your currency expert, you can confirm the transaction. You will then need to transfer your funds to Key Currency.
From there, they will handle the rest, converting your money at the agreed rate and sending it to your designated bank account.
You’ll receive updates throughout the process, ensuring a smooth and secure transfer.
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