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CLEAR CURRENCY INTRO
One company that is attracting the attention of clients wishing to transfer money overseas in different currencies – whatever their requirement – is Clear Currency. But is their service reliable and secure?
Our comprehensive Clear Currency review answers some pertinent questions: What separates the business from the competition? What are the pros/cons of using its service? What do their customers think of its service? This will provide you with all the information you need to decide if Clear Currency is the international payments service for you?
CLEAR CURRENCY OVERVIEW
|Phone service, online service and mobile app
|Authorised by the FCA as an Electronic Money Institution (EMI)
|4.8/5 from 284 reviews on Trustpilot
|🌐 Official Website
|Visit Clear Currency
CLEAR CURRENCY SERVICES
With Clear Currency, you can make international money transfers quickly and securely via our payment platform, by email or by phone. We can also offer clients the use of FX tools designed to mitigate currency risk, such as forward contracts which let you lock in a favorable exchange rate for up to 12 months.
CLEAR CURRENCY BUSINESS SERVICES
Clear Currency business clients can make multiple and batch recurring payments to employees and suppliers around the world. You can also utilize automated currency conversion functionality to manage your international collections and payments quickly and securely.
You can manage outgoing payments via your online Clear Currency business account, which allows you to hold balances in multiple countries and schedule conversions.
Your dedicated account manager will help you mitigate currency risk when making and receiving international business payments.
STREAMLINED TRANSFERS AT COMPETITIVE RATES
We know that even a small variation in the exchange rate can make a big difference to the cost of your international payments. Clear Currency can help save you money with competitive exchange rates. Access live rates on our payments platform, or speak to one of our specialists and they’ll help you to secure the best possible rate for your transfer.
To avoid a frustrating wait for your funds, Clear Currency’s automated payments system streamlines the international payment process. Having placed your funds in your Clear Currency account, they’ll usually have them available to you in the new currency that same day – and for long distance destinations within two working days.
Clear Currency online payments platform allows you to manage all your currency requirements online from anywhere, 24 hours a day Monday to Friday. From instructing and tracking payments to purchasing currency, it offers visibility and control.
You can get a free quote using the Clear Currency website. You’ll need to provide the following information:
- Transfer type: personal or business
- The amount you’ll be transferring
- The currencies you’re transferring (from and to)
- Your name, email, and phone number
WHAT SEPARATES CLEAR CURRENCY FROM THE COMPETITION?
Clear Treasury (UK Trading) Ltd is authorised by the Financial Conduct Authority (Firm Reference Number 708529) under the Payment Service Regulations 2009 for the provision of payment services and is also a Distributor of PayrNet Limited, an Electronic Money Institution authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (register reference 900594) for the issuing of electronic money. This is particularly useful if you need to make monthly payments overseas without limitations.
CLEAR CURRENCY CUSTOMER REVIEWS
Clear Currency reviews come from real customers who have used their services for a variety of requirements – both first-time users and loyal customers.
Their satisfied clients have taken the time to write about their service on review site Trustpilot where Clear Currency is rated Excellent.
If you have any issues with Clear Currency’s service, you can contact the customer support team at email@example.com or call +44 (0)20 7151 4832
CLEAR CURRENCY PROS
- Payments are facilitated by Tier 1 banking partners for speed and efficiency
- Same-day and next-day international transfers
- Dedicated account manager providing free currency guidance and strategies to mitigate FX risk
- Make payments in 35 currencies, in 130 countries
- No hidden fees or charges
- Free online account with a safe and secure online payments platform
- Streamlined onboarding process for US clients, serving all 52 states
CLEAR CURRENCY CONS
- No option to pay via credit card
- Offices in London and Dublin only
VERDICT: WHY SHOULD YOU USE CLEAR CURRENCY’S SERVICES?
Clear Currency’s ability to help businesses and private clients manage their exposure to currency market risk when making international payments – both large and small – makes them an attractive option.
- Personal service: They will assign you a dedicated account manager who can help you mitigate the impact of fluctuating exchange rates on the cost of your international payments by monitoring the currency market on your behalf.
- Specialist tools: Your account manager can introduce you to a suite of tools that are designed to help you lock in exchange rates for future payments – such as a forward contract. These tools empower you to make international payments safe in the knowledge that the cost is shielded from adverse market movements.
- Safe and secure: Clear Currency is authorized and regulated by the FCA – the conduct regulator for 50,000 firms in the UK, ensuring financial markets are honest, competitive and fair.
Matt is a veteran of the moving industry, a recognized moving expert and is the founder of Mover Focus. Matt holds a Bachelor of Commerce (BCom) majoring in Finance and Marketing and Bachelor of Arts (BA) majoring in Economics and History. He also has completed the EiM (Essentials in International Moving) course from the FIDI Academy. His advice has been featured in Reader’s Digest, Yahoo Finance, MSN Money, Business News Daily and The SpareFoot Blog Go.