- Company name: moneycorp LTD
- Service description: Bank to bank international money transfers via online platform or phone assisted.
- Website address: www.moneycorp.com
- Website Languages: English, French, Portuguese and Spanish.
- Review Summary: What this moneycorp review highlights more than everything is how good is moneycorp for customers which are looking for a long term relationship with their foreign exchange broker. The company offers what you would expect of a major broker and more i.e. excellent online systems, app, batch payment options, hedging, rate alerts and so forth, but the focal point is the level of service offered, without a doubt. The company started operating before any of its competitors did and obtain the status of a genuinely customer-friendly brokerage. The exact opposite of a fly-by-night brokerages which are popping across the globe whose future is unknown. Moneycorp had big promises for customers since the get-go and they have always delivered.
- Important: MoneyCorp has stopped onboarding clients from Australia and New Zealand. We recommend using TorFX and OFX for these regions.
- Is moneycorp safe to use? Moneycorp is one of the more known companies in the international money transfers industry – it was the first one to operate such a foreign exchange service for business customers first, and then individuals, back in 1979. That is before TransferWise’s founder, was even born. The company is properly regulated with the British FCA, as well as the French ACPR, and the American FinCEN. It’s very safe to use.
- Recommendation: business customers and corporations love how friendly moneycorp’s online system is, and how good is the guidance they will receive on how to accurately manage their foreign exchange balances. Individuals who need to transfer big amounts, receive payments from abroad, and/or transfer funds frequently such as for property, mortgages, businesses abroad or payments for a large purcahse, also enjoy the above benefits and found moneycorp to be beyond excellent.
|Offices||UK, USA, Australia, Spain, Ireland, France, Romania, Hong Kong.|
|Regulation||FCA, ACPR, DFSA, and more|
|Max Transfer||No limit|
|Press & Awards||6 important awards in recent years|
|Trading||Online system, app, email, phone|
|Quality of website||Highly informative|
Basic info:One of the most recognisable international payment companies in the world is none other than MoneyCorp. Since it was initially incorporated in 1962, it has serviced millions of customers. What is even more impressive is the fact that MoneyCorp exchanged £33.2bn in 2017 in over 120 currencies, which makes them one of the most significant brokerages in the UK. For more information about the service they provide, be sure to read our in-depth MoneyCorp Review.
MoneyCorp Video Review
MoneyCorp Alternatives – Similar services:
- WorldFirst Review
- Currency Solutions Review
- TorFX Review
- Wise Review
- Global Reach Review
- CurrencyFair Review
- Currencies Direct Review
- No transfer fees at all for people referred through International Money Transfers.
- Preferential exchange rates for referrals.
MoneyCorp Supported Currencies:
Benin, Burkina Faso, Cote D’Ivoire,
Guinea-Bissau, Mali, The Niger, Senegal, Togo – CFA Franc BCEAO
Bolivia Belize Dollar
Bosnia and Herzegovina Convertible Mark
Cabo Verde Escudo
Cameroon, Central African
Republic, Chad, The Congo, Equitorial Guinea, Gabon – CFA Franc BEAC
Cayman Islands Dollar
China Yuan Renminbi
Costa Rica Colon
Czech Republic Koruna
Dominican Republic Peso
East Caribbean Dollar
Euro Member Countries
French Polynesia, New Caledonia, Wallis and Futuna – CFP Franc
Hong Kong Dollar
Madagascar Malagasy Ariary
Netherlands Antillean Guilder
New Zealand Dollar
Nicaragua Cordoba Oro
Papua New Guinea Kina
Peru Nuevo Sol
Romania New Leu
Saudi Arabia Riyal
Sierra Leone Leone
Solomon Islands Dollar
South Africa Rand
Sri Lanka Rupee
Taiwan New Taiwan Dollar
The People’s Democratic Republic of Lao Kip
Trinidad and Tobago Dollar
United Arab Emirates Dirham
United Kingdom Pound
United Republic of Tanzania Shilling
United States Dollar
Uruguay Peso Uruguayo
A worldwide company means having worldwide offices. And MoneyCorp does just that by offering support in 4 languages as well as having offices in 10 different countries (UK, Ireland, France, Spain, Romania, UAE, Hong Kong, Australia, USA and Brazil).
United Kingdom (Head office)
MoneyCorp Zig Zag Building Floor 5
70 Victoria Street
London SW1E 6SQ
56 Pine Street, Suite 600
Providence, Rhode Island 02903
7380 Sand Lake Road
16133 Ventura Boulevard, Suite 700
Encino, California 91436
405 Park Avenue, Suite 501
New York, New York 10022
150 Spear Street, Suite 875
San Francisco, California 94105
1747 Pennsylvania Avenue, NW, Suite 850
Washington, DC 20006
Level 15 Exchange Tower
Perth, WA, 6000
Calle Núñez de Balboa 35-A,
3rd floor B,
Calle Turismo, 2, Oficina 1,
Centro Comercial Cala Sol
Boulevard La Cala
Edificio B Local 10
29649 La Cala de Mijas
24 Windsor Place
MoneyCorp – Regus
2000 route des Lucioles,
Les Algorithmes Aristote A, CS90029,
145 Calea Victorei
Bucharest, 1st District
99 Queen’s Road Central
Here some of the features:
– Buy and sell a currency with just a few taps.
– Transfer your money to and from the UK at competitive exchange rates.
– Balance overview.
– Add funds to your account.
– Add new recipients for future transfers.
– Receive exchange rate notifications (stay informed on the latest currency exchange developments).
– Load money to your account.
Being a company in the financial sector, MoneyCorp is authorised and regulated by many regulatory entities in the different countries that they operate. We will list below all the regulatory information for the company, in each country.
moneycorp is a trading name of TTT MoneyCorp Limited which is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of payment services.
MoneyCorp FRM is a trading name of MoneyCorp Financial Risk Management Limited and is authorised and regulated by the Financial Conduct Authority for the provision of designated investment business (firm reference number 452443).
moneycorp is a trading name of TTT MoneyCorp Limited which is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of payment services and with the Central Bank of Ireland for the conduct of business rules.
MoneyCorp FRM is a trading name of MoneyCorp Financial Risk Management Limited and is authorised and regulated by the Financial Conduct Authority for the provision of designated investment business (firm reference number 452443) and is regulated by the Central Bank of Ireland for the conduct of business rules.
TTT MoneyCorp Limited is a registered branch at MoneyCorp – Regus, 200 route des Lucioles, Les Algorithmes Aristote A, CS90029, 06901 Biot, France for the provision of payment services and designated investment business. It is registered under the Autorité de contrôle prudentiel et de resolution (ACPR).
TTT MoneyCorp Limited is a registered branch (Sucursal en España) at Calle Núñez de Balboa 35-A, 3ª Planta B, Madrid, 28001, Spain for the provision of payment services. Its Spanish tax identification number is W8266909D. moneycorp is the trading name of TTT MoneyCorp Limited.
MoneyCorp Financial Risk Management Limited is registered with the Comisión Nacional del Mercado de Valores under the code number 90 and with the Mercantile Registry of Madrid under volume 37542, book 0, sheet 39, section 8, page M-669184, inscription number 2.
TTT MoneyCorp Limited – Sucursala Bucuresti is registered with the Commercial Registry under no. J40/7029/2016, fiscal identification number (C.I.F) RO36091905 and is listed in the list of payment institution which notified the National Bank of Romania on the provision of payment services in Romania. moneycorp is the commercial name of TTT MoneyCorp Limited.
MoneyCorp Bank is a trading name of MoneyCorp Bank Limited. MoneyCorp Bank Limited is registered in Gibraltar under company number 113151 with its registered office at 7/b King’s Yard Lane, Gibraltar, GX11 1AA.
MoneyCorp Bank is authorised by the Gibraltar Financial Services Commission to carry out electronic money activities under Class 15 of the Financial Services (Banking) Act and is required to comply with the Financial Services (Electronic Money) Regulations 2011.
Other European Economic Area (EEA) Countries
TTT MoneyCorp Limited operates under a Freedom of Service Passport (cross-border services) which is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017 (reference number 308919) for the provision of Payment services. moneycorp is a trading name of TTT MoneyCorp Limited.
MoneyCorp Financial Risk Management Limited operates under a Freedom of Service Passport (cross-border services) which is authorised and regulated by the Financial Conduct Authority for the provision of designated investment business (firm reference number 452443). MoneyCorp FRM is a trading name of MoneyCorp Financial Risk Management Limited.
MoneyCorp US Inc. is a Rhode Island corporation (#000115949) and is federally registered as a money services business with the Financial Crimes Enforcement Network (“FinCEN”), and maintains the following Money Transmitter licences.
MoneyCorp Inc. is a company registered in the State of Delaware in the United States of America under file number 4052694. Its registered agents address is 28 Old Rudnick Lane, Dover, Kent, DE 19901, USA.
MoneyCorp is a reference to TTT MoneyCorp Pty Limited which is registered in Australia (business number 116612858). Its principal place of business is Level 15 Exchange Tower, 2 The Esplanade, Perth WA 6000, Australia.
TTT MoneyCorp Pty Limited is authorised to deal in foreign exchange contracts and buy/sell quotes to retail and wholesale clients as an Authorised Representative (reference number 361276) of Rochford Capital Pty Limited (AFSL License No. 361276).
Novo Mundo Corretora de Cambio S/A is registered at Rua Joaquim Floriano, 1052 7th Floor, Itaim Bibi, São Paulo, Zip code 04534-004, Brazil. It is incorporated in Brazil 35.300.338-002 (Company number), 24214 (Instituição), 0001 (Head-Office), 5885 (Praca) and authorized and regulated under the Banco Central Do Brasil (BACEN).
TTT MoneyCorp Limited holds a commercial license (CL2738) with the Dubai International Financial Centre and is regulated by the Dubai Financial Services Authority as a Representative office. DFSA registered entity number is F004243.
MoneyCorp (Hong Kong) Limited, Registered number 2602916 Unit 1510, 15th Floor, The Center, 99 Queen’s Road Central, Hong Kong holds a licence for Operating Money Service (Licence No. 18-04-02400) under the Customs and Excise Department, Money Service Supervision Bureau, Hong Kong.
MoneyCorp has partnered up with the biggest news corporations in the UK and the US that helps the company have great exposure and, in the end, big business coming from these news outlets. Some of the better-known sites being The Telegraph, CNN and The Guardian.
As of January 2019, MoneyCorp has partnered also with Everton FC as their first international payments partner. This is a multi-year deal means that MoneyCorp will be the club’s exclusive foreign currency provider for all the services relating to transfer transactions and everything related to foreign exchange payments.
But even more important is the fact that this deal will allow access to marketing assets across the club, having a presence in the stadium and even on the back of the Everton ladies’ playing shirts. This is big because Everton has the fifth-highest home attendance record of English football clubs (78,299).
MoneyCorp is also the proud sponsor of the Telegraph Trade Awards, an event created for celebrating the most successful British SMEs trading internationally. The full list of the winners for each category can be seen here.
Charity is part of the core values of the company and because of that, they organize charity events that take place in their offices across the world and encourage employees to partake in challenges that centre around giving back to those in need. More info can be found on their charity page.
As a business, MoneyCorp is involved in getting more women interested in financial careers. To encourage a better gender balance, they have a graduate scheme which has helped them uncover a lot of talent and given women a great opportunity to understand different parts of the business and what working in financial services really means.
If you want to sign up to MoneyCorp’s online platform and have your account approved as soon as possible, be sure to prepare the scans of two forms of identification:
A: Identification Check
Anything that has your picture and full name, this includes a passport, driving license, identity card or a shotgun license.
B: Address Check
A utility bill or bank statement (or any of the other options listed in the picture above) to confirm your address.
Other than that, everything is the same as with any other online platform – filling details like full name, address etc.
Firstly, you will need to choose what type of account you need. For this example, we will choose the Personal account.
Next, you will need to add your email address and full name.
In the next window, you will be asked to choose a username, password, security questions and other personal details.
And this is the step where you have to provide proofs of identity and address. Told you they are needed 🙂
And that’s it. You have successfully create an account with the company and you are ready to start making transactions.
MoneyCorp provides great support, be it on the phone, email or simply their FAQ section where you can get quick answers to the most popular questions. All of the contact information is available almost on every page so you can easily get in touch with one of their specialists.
The most important aspect of making business decisions that involve any type of financial transaction is trust. MoneyCorp provides that and that’s why it’s a great solution for foreign exchange and any type of money transfers. You saw the partnerships that they have developed, you can see them in airports and you saw all the authorizations they have received from the financial institutions around the world. That, combined with all the years that they’ve been in business, should be enough to tell you that your money is in safe hands with them.
So if you ever need to make money transfers, be sure to use MoneyCorp and take advantage of lower fees, better currency exchange rates and quicker delivery.