In this article, we will be reviewing Moneycorp and taking a closer look at its features, pricing, ease of use, customer service, and how it stacks up against its competition. We aim to give you all the information you need to choose the best company to make large transfers for your business.
Overview
Monthly Fee | Exchange rate | Transfer fees | Multi-currency account |
|---|---|---|---|
$0 / £0 | Starting from 2% depending on the currency | No transfer fees | No multi-currency or local accounts |
- Provides guidance and support on mitigating currency risks
- FX options provides protection against currency fluctuations
- Collaboration features such as multiple logins to manage accounts
- Lack of business integrations make more difficult to self-manage the account
Features | Insight |
|---|---|
Forward Contracts | Buy currency at the agreed rate and time |
FX Orders | Including limit orders, stop loss orders, and One-Cancels-the-Other orders |
FX Options | Protect against adverse currency exchange movements |
Zero-Cost Options | Similar to FX options but with no up-front premiums and capped upside |
Dedicated account manager | Account manager to help you build a risk strategy for your business |
Moneycorp Business fees and general cost
There are no account fees with the Moneycorp business. The only cost you will incur is the currency conversion fee which starts at 2% and depends on the currency.
Eligibility
Business types
Countries
Products offered by Moneycorp
Signing up for Moneycorp
Register and provide details
Navigate to the Moneycorp business website and fill in your details (such as name, surname, business email, phone number, and position)
Submit your business details
Next, you will need to provide your business information, including the legal business name, trading name, business address, and documentation.
Provide your currency needs
Once all the details are submitted, you will need to fill in a questionnaire about your business needs. It's fairly straight forward and will help Moneycorp understand your business needs better.
Submit and wait for the verification
Finally, await a confirmation email or a call from the Moneycorp representative to confirm your account and details. They may ask you to provide further documentation depending on your business type.
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