Moneycorp Review: Rates, Fees & Safety 2026

Moneycorp Overview

Moneycorp is one of the UK's longest-established currency specialists, founded in 1979. Over its 45+ year history, it has grown from a bureau de change into a comprehensive international payments provider serving personal clients, businesses, and financial institutions. Operating across 190+ countries with 120+ currencies - one of the widest ranges in the market - Moneycorp also provides bureau de change services at UK airports and prepaid travel cards. Acquired by Bridgepoint for a reported £1 billion in 2022.

Moneycorp Facts & Figures

What is Moneycorp?

Moneycorp is one of the UK's oldest and most established currency specialists, founded in 1979. Over its 45+ year history, it has grown from a bureau de change into a comprehensive international payments provider serving personal clients, businesses, and financial institutions.

Moneycorp operates across 190+ countries and offers 120+ currencies - one of the widest ranges in the market. They also run bureau de change services at major UK airports and provide prepaid travel cards. Following acquisition by Bridgepoint in 2022 for a reported £1 billion, Moneycorp benefits from significant financial backing.

How Trustworthy and Secure is Moneycorp?

With over 45 years in operation, Moneycorp is one of the most established names in currency exchange. They are authorised by the FCA as an Electronic Money Institution (reference 900010) and registered with HMRC for anti-money laundering supervision.

Following their acquisition by Bridgepoint, Moneycorp benefits from the financial strength of one of Europe's leading private equity firms. They also hold regulatory authorisation in Europe through DNB (Netherlands) and in the USA through FinCEN. Client funds are safeguarded in line with FCA regulations in segregated accounts.

What Services and Features Does Moneycorp Offer?

Moneycorp offers a comprehensive range of services spanning personal transfers, business payments, travel money, and corporate FX. For individuals, they provide spot transfers, forward contracts (up to 2 years), limit orders, regular overseas payments, and property purchase support.

For businesses, services include mass payments, payroll management, treasury solutions, structured FX products, and risk management tools. Additional services include bureau de change at UK airports, multi-currency accounts, prepaid travel cards, and a mobile app.

How Competitive are Moneycorp's Fees and Exchange Rates?

Moneycorp's exchange rates are competitive but generally not market-leading for standard personal transfers. Their margin (0.5-2.5%) is wider than specialist online-only providers, reflecting their higher-cost operating model with physical branches and bureau de change operations.

For large transfers (£50,000+), rates become significantly more competitive and are negotiable through a dedicated dealer. They may charge transfer fees of up to £20 on smaller transactions. For corporate clients with regular, high-volume transfers, Moneycorp offers bespoke pricing.

What Do Customers Say About Moneycorp?

Moneycorp has a 4.3/5 Trustpilot rating from over 4,300 verified reviews. Reviews are mixed - many praise the wide range of services, the long-standing reputation, and the quality of corporate FX solutions.

Some reviewers note that exchange rates could be more competitive for smaller personal transfers. The bureau de change service at airports receives separate (generally lower) reviews from the money transfer service. The business and corporate services are consistently well-reviewed.

How Easy is it to Use Moneycorp?

Moneycorp offers both an online platform and mobile app, though the user experience is functional rather than cutting-edge. The platform covers all essential features including transfers, rate alerts, forward contracts, and transfer tracking.

Premium clients receive a dedicated account manager. The breadth of services (transfers, travel money, bureau de change, prepaid cards) makes Moneycorp a convenient one-stop-shop for all currency needs. Account setup involves standard verification procedures.

How Does Moneycorp Work?

Step 1: Register - Create an account on the Moneycorp website or app. Provide personal information and complete identity verification.

Step 2: Get Your Rate - Log in and check live exchange rates. For larger amounts, contact Moneycorp to negotiate a better rate. You can also set up limit orders to auto-execute at your target rate.

Step 3: Execute Your Transfer - Provide recipient bank details, confirm the amount and rate, and fund your transfer via bank transfer or debit card. Moneycorp converts and sends the funds, typically within 1-3 business days.

What Additional Services Does Moneycorp Offer?

Beyond standard money transfers, Moneycorp operates bureau de change services at major UK airports (including Heathrow, Gatwick, and Manchester), offering travel money in 30+ currencies. They provide prepaid travel cards for convenient overseas spending.

For businesses, Moneycorp offers sophisticated treasury management, structured FX products, risk management consultancy, mass payment solutions, and API integration for automated payments. Their corporate division serves large enterprises, financial institutions, and private banks.

What Customer Support Does Moneycorp Provide?

Moneycorp provides customer support through phone, email, and live chat during business hours. Premium and corporate clients receive dedicated account managers with direct phone lines.

For personal clients, general support handles transfer queries, rate inquiries, and account management. For business clients, specialist teams cover corporate FX, treasury management, and compliance requirements.

Moneycorp Regulatory Compliance and Licensing

Moneycorp Exchange Rate Comparison (GBP to USD)

Rates are indicative and vary based on market conditions. The larger your transfer, the more competitive your rate.

Moneycorp Services and Features

All Moneycorp Features

Moneycorp Regulation & Safety

Moneycorp: Frequently Asked Questions