Currencies Direct Review 2025: Fees, Speed, and the Cheapest Way to Send Money Abroad

If you are searching for the best international money transfer app in 2025, Currencies Direct (CD) is a well-known provider. But is it still the cheapest and fastest way to send money abroad, or should you consider digital alternatives like Panda Remit?

This article provides a Currencies Direct review 2025, comparing fees, speed, and convenience, while highlighting Panda Remit as a modern, low-cost alternative.

What is Currencies Direct?

Founded in 1996 in the UK, Currencies Direct specializes in international money transfers for personal and business clients. Its main services include:

• Cross-border transfers with dedicated account managers

• Forward contracts and market orders to hedge currency risk

• Multi-currency accounts for businesses

• Personalized support for large or recurring transfers

With over 25 years of experience, CD is recognized for reliability and is ideal for high-value transfers.

Security and Compliance

Currencies Direct is FCA-regulated in the UK, ensuring safe and secure transfers. Security measures include:

• Encryption of personal and financial information

• Segregated client accounts to protect funds

• Compliance with anti-money laundering regulations

Fees and Exchange Rates

• Fees: CD primarily charges via exchange rate margins rather than flat fees, which can vary based on currency and transfer amount.

• Exchange Rates: Competitive for large transfers, but smaller amounts may cost more compared to digital-first platforms.

• Extra Costs: Some recipient banks may charge incoming transfer fees.

Transfer Speed and Process

• Transfer Speed: Typically 1–3 business days

• Process: Clients usually work with a dedicated account manager, which is highly personalized but slower than app-based services

Why Panda Remit is a Faster and Cheaper Alternative

While Currencies Direct offers reliability for high-value transfers, Panda Remit is designed for speed, cost-effectiveness, and convenience. Key benefits include:

• Global Coverage: Supports transfers to 40+ countries and regions worldwide

• Low Fixed Fees: Transparent and predictable, regardless of transfer size

• Fast Transfers: Many remittances arrive within minutes, not days

• Flexible Payout Methods: Supports bank accounts, Alipay, and WeChat Pay

• Promotions and Perks: New users enjoy first transfer free and diamond exchange rates, while existing users receive coupons and ongoing promotions

• 24/7 Multilingual Support: Real-time assistance anytime

FAQ: Currencies Direct vs Panda Remit

1. Is Panda Remit cheaper than Currencies Direct?
Yes, Panda Remit offers low fixed fees and frequent promotions, making it more cost-effective for most transfers.

2. How long does a Currencies Direct transfer take?
Typically 1–3 business days, depending on the destination and currency. Panda Remit can often complete transfers within minutes.

3. Which is faster, Currencies Direct or Panda Remit?
Panda Remit is generally faster due to its digital-first platform and instant processing for supported countries.

4. Can I send money internationally without high fees?
Yes, using Panda Remit’s fixed low fees and promotions, you can save significantly compared to Currencies Direct’s exchange rate margins.

5. How can I follow Panda Remit for deals and updates?

• Instagram: @panda.remit

• Facebook: Panda Remit

Final Verdict

Currencies Direct is reliable for large transfers with dedicated support, but for users who prioritize speed, low fees, and convenience, Panda Remit is a superior choice. With transparent fixed fees, instant transfers, flexible payout options, and 24/7 multilingual support, Panda Remit is becoming the preferred digital platform for international money transfers in 2025.