FAQ
Why use No 1currency and not a high street bank?
No1 Currency is a foreign currency specialist that not only saves you money through exchange rates but also offers an unrivalled level of personal service.
Through our Bureau outlets we offer the most competitive exchange rates on the high street and have currency in stock so you do not have to wait.
All of our worldwide transfer clients are nominated a dedicated market dealer. Their job is to understand your needs and to keep you up-to-date with information and rates that allow you to buy currency when the exchange rates are in your favour.
As foreign currency is our only business, we make significant savings by trading in high volumes. These savings are then passed straight to you. It's that simple!
How much do you charge for a worldwide transfer?
There is absolutely no commission charge or service fee on all transactions over £5000. A nominal fee of £10 is required for transactions under £5000.
How long does it take for a transaction to take place?
On receipt of cleared funds, No1 Currency makes a same day transfer, depending on the recipient country, your funds will be available either that day or within 3 days.
How do I know my money is safe and secure?
We know that the security of your money is paramount in choosing an exchange provider. All client funds are deposited into a Client Account that cannot be offset against the company or any of its associated liabilities.
FEXCO Corporate Payments trading as No 1 Currency is regulated by the Central Bank of Ireland and is regulated by the Financial Services Authority for the conduct of payment business in the UK.
FEXCO Corporate Payments trading as No 1 Currency is registered with HM Revenue and Customs as a Money Service Business under registration number 12674814.
Contact us
To speak to one of our currency specialists select your preferred route below:
As soon as we started planning the move last March, I began to consider the implications. The best financial advice I can offer anyone is to look at the market and remember that you do have an alternative to the high street banks.
Overall, No1 Currency saved me a significant amount of money - especially in comparison with the high street banks - in terms of charges and foreign exchange rates.
Steve Smyth
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