Best Business Money Transfers Providers 2024

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In our guide, we explain how businesses can save money on their international payments as well as provide a comparison tool so you can compare the best business money transfer exchange rates. Corporate currency specialists give businesses the best exchange rates and can save up to 4% on international payments compared to commercial bank accounts. 

Best Business Currency Exchange Providers

Corporate Currency BrokerNumber of CurrenciesMin TransferForward ContractsSame DayCurrency OptionsOur RatingGet Quote
Currencies Direct Currency Broker40£10012 months✔️
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TorFX Currency Broker40£10024 months✔️
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Key Currency Currency Broker42£1,00012 months✔️
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OFX Currency Broker55+£25012 months✔️
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Global Reach Currency Broker30+£3,00024 months✔️✔️
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❓ Methodology: We have chosen what we think are the best corporate currency brokers based on:

  • 20 years in the commercial currency brokerage industry
  • Interviews with the business money transfer provider CEOs and senior management
  • Over 17,000 votes in our annual awards
  • Analysis and testing of the platforms and pricing

Currencies Direct: Best for customer service

Currencies Direct can help control the cost of foreign exchange and expand your global reach with fast, low-cost, secure and reliable international payments and risk management.


  • Part of a larger group
  • Advice and personal service
  • Discounted exchange rates


  • No currency options

TorFX: Best for large currency transfers

TorFX can help with import/export payments, foreign payroll, overseas earnings to repatriate, sending money abroad and help hedge currency volatility by offering highly competitive exchange rates, no transfer fees, expert insight
and risk management guidance.


  • 24-month fx forwards
  • Part of a large group
  • Small minimum transfer


  • No currency options

Global Reach Partners: Best for business currency transfers

From SMEs to FTSE 100 companies Global Reach works with companies to understand the risks that could impact your business. Their experienced team will evaluate the extent of foreign exchange exposure, develop multi-currency hedging solutions that are aligned to your budget levels, or simply help streamline global supplier payments.


  • Commerical FX experts
  • Currency options
  • Two year currency forwards


  • High minimum transfer

Key Currency: Good personal service for businsses

As well as providing quick and easy payment solutions for businesses Key Currency can help active manage currency risk that can improve budgeting and protect profit margins against currency fluctuations.


  • Currency forwards
  • Bank-beating exchange rates
  • Manage currency risk


  • No currency options
  • Large commercial transfers only

OFX: Best for zero transaction fees

OFX helps businesses of all shapes and sizes and offers a Xero integrated multi-currency account that lets businesses pay and get paid in over 50 foreign currencies.


  • 55+ currencies
  • Currency forwards
  • Personal service and advice


  • No currency options
  • Better for larger transfers

⚠️ FCA Regulation

All business currency exchange services that operate in the UK must be regulated by the FCA. The FCA is the Financial Conduct Authority and is responsible for ensuring that UK corporate currency specialists are properly capitalised, treat customers fairly and have sufficient compliance systems in place. We only feature business money transfer providers firms that are regulated by the FCA, where your funds are protected by the FSCS.

Always ensure that a corporate currency broker is registered with the FCA. You can check the FCA register here for authorised firms.

How To Compare Business Money Transfer Exchange Rates

These are thee questions you need to ask to get the best business currency exchange rate:

  1. How from from the mid market are your exchange rates
  2. Does that include all fees
  3. Do you offer currency forwards
  4. How long does a currency transfer take

If a broker does not tell you how far their exchange rates are from the mid-market avoid as they may widen the price.

Always ensure that your currency exchange broker confirms that rates are fixed. You may find that when you compare currency rates you get a preferential rate for your first trade.

The foreign exchange industry is very opaque in terms of pricing with some currency brokers still not offering fixed and transparent exchange rates.

So our comparison tables allow you to compare currency rates by showing how far from the mid market a currency broker set their client exchange rates.

Related Guide: Compare currency brokers and their fees in our comparison

🧑‍🎓 Top Tip: Get your account open first inplenty of time

Why? All money transfer brokers have to conduct identity checks so opening an account can take some time.  Make sure you don’t miss a great exchange rate and get your account in place well ahead of a transaction.

Here are more tips before you make a large currency transfer.

Hedging Business Currency Exposure Through Currency Forwards

Here is a forward contract hedge example that demonstrates how a currency forward can be used.
In this example we will look at a UK based business who’s European subsidiary will be receiving EUR 750,000 for a new contract and how a FX forward can be used to hedge the exposure.

The EUR 750,000 will be main in monthly instalments over the next 12 months and is guaranteed revenue.

In this forward contract hedge example we will assume that the company has budgeted in their profit forecasts based on the current exchange rate so they need to hedge the EUR 750,000 exposure in case the GBPEUR rate moves against them.

  • This can be done by a series of currency forwards to settle in monthly intervals.
  • This means that each month the company will be able to convert EUR 62,500 into GBP at the exchange rate on the day the contract was signed.
  • Enabling them to accurately budget their profit forecasts.
  • If the exchange rate moves against them they do not have to worry about a decrease in profits.
  • However, as it is a hedge they will not benefit if the exchange rates moves in their favour over the course of the year.

Business Currency Exchange Provider FAQs

Money transfer companies offer exchange rates that are much better than banks and because they specialise in foreign exchange the process is much more user friendly.  Most established currency brokers do not charge a commission or any fee for paying the money to an international beneficiary.

Business money transfer providers make money on exhcnage rate spreads. That is the difference between the buy and sell price of a currency. To find out how much this is, you need to ask: “How far from the mid market is my quote”. 

For more inforamtion on understanding how business currency exchange services make money read our guide: How to compare exchange rates.

You can use our currency quote comparison tool to request quotes from multiple business currency exchange providers in one go. You can then quickly see which currency broker is going to give you the best exchange rate.

For currency broker transfer fees see our comparison table.

You can find the live mid market exchange rates on site such as Google Finance or Yahoo Finance. To look up an exchange rate simply type the exchange rate you want to compare and search for it online.

This article contains affiliate links which may earn us some form of income if you go on to open an account. However, if you would rather visit the business money transfer providers via a non-affiliate link, you can view them directly here:

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