Cambridge Currencies Detailed Review

Rates, Fees, Limits, Safety and More

Last updated: April 22, 2024

What is Cambridge Currencies? An introduction

Cambridge Currencies company information

Cambridge Currencies is a well-known currency exchange broker that helps individuals, businesses, and institutions with foreign exchange transactions. They focus on making currency exchange simple and reliable, helping clients achieve their financial goals.

Known for their competitive exchange rates and personalized service, Cambridge Currencies offers creative solutions to meet the diverse needs of their clients. Whether it is for personal, international investments, or business transactions, their experienced team is committed to providing hassle-free currency exchange experiences.

Cambridge Currencies is a leading financial services company specializing in currency exchange, international remittance, and tailored financial solutions. Established with the vision of simplifying global transactions, Cambridge Currencies has become a trusted name in the industry, dedicated to providing seamless and efficient financial services to individuals and businesses alike.

Cambridge Currencies by the numbers

Here are some numbers that help portray Cambridge Currencies further with the help of some statistical information.

• 80,000 site visitors a year estimated
• 35 currencies available to transfer to 54 countries
• Team has 10 years' experience in the currency business

Cambridge Currencies is a currency exchange broker that helps individuals and businesses make international money transfers at highly competitive exchange rates.

What services does Cambridge Currencies provide?

Cambridge Currencies offers a range of services tailored to meet your currency exchange needs; these include the below.

• Spot Transaction: Instantly exchange currencies at competitive rates.
• Forward Contracts: Secure favorable rates for future transactions by locking them in today.
• Hedging: Protect your transactions from market volatility through strategic hedging.
• Limit Orders: Set desired buying or selling rates by placing limit orders effortlessly.
• Market Insights: Access expert market analysis and insights on our website for informed exchange decisions.
• Stop Loss: Safeguard against sudden exchange rate drops by establishing worst-case rate plans.

From spot transfers to forward contracts to limit orders, Cambridge Currencies provides a variety of services to serve businesses as well as individuals alike.

Which countries does Cambridge Currencies operate in?

Cambridge Currencies operates globally, facilitating currency exchange and international transactions across a wide range of countries and territories worldwide. For specific details on the countries serviced, it is best to refer to Cambridge Currencies' official website or contact their customer support directly.

Where can I send money from with Cambridge Currencies?

With Cambridge Currencies, you can send money in many currencies from various countries, including but not limited to:

• Australian Dollar - Australia
• Bahraini Dinar - Bahrain
• Canadian Dollar - Canada
• Croatian Kuna - Croatia
• Czech Koruna - Czech Republic
• Danish Krone - Denmark
• Euro - Eurozone countries that include Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain
• Egyptian Pound - Egypt
• Hong Kong Dollar - Hong Kong
• Hungarian Forint - Hungary
• Japanese Yen - Japan
• Kuwaiti Dinar - Kuwait
• Latvian Lev - Latvia
• Lithuanian Lita - Lithuania
• Moroccan Dirham - Morocco
• New Zealand Dollar - New Zealand
• Norwegian Krone - Norway
• Omani Rial - Oman
• Polish Zloty - Poland
• Pound Sterling - United Kingdom
• Qatar Rial - Qatar
• Romanian Leu - Romania
• Saudi Arabian Riyal - Saudi Arabia
• Singapore Dollar - Singapore
• South African Rand - South Africa
• Swedish Krona - Sweden
• Swiss Franc - Switzerland
• UAE Dirham - UAE

Where can I send money to with Cambridge Currencies?

With Cambridge Currencies, you can send money to the below currencies and countries:

• Australian Dollar - Australia
• Bahraini Dinar - Bahrain
• Botswana Pula - Botswana
• Canadian Dollar - Canada
• Croatian Kuna - Croatia
• Czech Koruna - Czech Republic
• Danish Krone - Denmark
• Euro - Eurozone countries that include Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain
• Egyptian Pound - Egypt
• Hong Kong Dollar - Hong Kong
• Hungarian Forint - Hungary
• Indian Rupee - India
• Israeli Shekel - Israel
• Japanese Yen - Japan
• Kenyan Shilling - Kenya
• Kuwaiti Dinar - Kuwait
• Latvian Lev - Latvia
• Lithuanian Lita - Lithuania
• Mexican New Peso - Mexico
• Moroccan Dirham - Morocco
• New Zealand Dollar - New Zealand
• Norwegian Krone - Norway
• Omani Rial - Oman
• Polish Zloty - Poland
• Pound Sterling - United Kingdom
• Qatar Rial - Qatar
• Romanian Leu - Romania
• Saudi Arabian Riyal - Saudi Arabia
• Singapore Dollar - Singapore
• South African Rand - South Africa
• Swedish Krona - Sweden
• Swiss Franc - Switzerland
• Thai Baht - Thailand
• Turkish lira - Turkey
• UAE Dirham - UAE

Given the above, you can send money amongst 980 currency combinations and 2,438 country combinations using Cambridge Currencies.

Using Cambridge Currencies, you can send money amongst more than 2,400 country combinations. All major currencies are supported with almost a thousand possible currency combinations.

What are Cambridge Currencies' fees and exchange rates?

For information on Cambridge Currencies' fees and exchange rates, it is recommended to visit their official website or contact their customer support directly. Fees and exchange rates can vary depending on factors such as the currency pair, the amount being transferred, and any applicable promotions or offers.

Are Cambridge Currencies exchange rates good?

Cambridge Currencies offers competitive exchange rates. However, the perception of whether their rates are good may vary depending on individual needs, market conditions, and comparison with other currency exchange providers.

Ever changing exchange rates may make it seem difficult to time your next international money transfer. To make the most of your hard-earned money, we always recommend that you conduct detailed research before you decide to send money abroad. At the very minimum, make sure to compare money transfer providers and evaluate providers based on your individual preferences.

While it is not impossible to monitor currency exchange rates manually, a better and easier way to stay on top of the FX market is to use RemitFinder's online money transfer service. With RemitFinder, it becomes easy for you to compare various remittance providers and determine which ones match your unique needs.

Is Cambridge Currencies a cheap way to send money overseas?

Yes, Cambridge Currencies aims to provide competitive rates for international money transfers. While the overall cost-effectiveness depends on several factors, including currencies, transfer amounts, and associated fees, Cambridge Currencies endeavors to offer favorable rates to its customers.

How do I avoid Cambridge Currencies fees?

To avoid fees altogether, ensure your transfer exceeds their specified free threshold limit. Typically, no fees are associated with transfers meeting this criterion.

How much money can I send with Cambridge Currencies?

The maximum amount you can send with Cambridge Currencies may vary due to factors like regulatory requirements, your verification status, and chosen transfer method. It is best to confirm directly with Cambridge Currencies or review their terms and conditions.

Typically, there are no limits to send money with Cambridge Currencies so long as regulatory requirements and terms and conditions are properly met.

How long does it take for Cambridge Currencies to send money overseas?

The time it takes for Cambridge Currencies to send money overseas can vary depending on factors such as the destination country, the selected transfer method, and any regulatory requirements.

Typically, Cambridge Currencies transfers can range from instant to a few business days.

How can I pay for my Cambridge Currencies money transfer?

Cambridge Currencies supports 2 payment methods to facilitate money transfers with them as below:

• Wire Transfer: Initiate a direct electronic transfer of funds from your bank account to Cambridge Currencies' account, typically involving correspondent banks for cross-border transactions.
• SWIFT Transfer: Utilize the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network to securely and efficiently send payment instructions between banks worldwide for your Cambridge Currencies transfer.

Cambridge Currencies supports wire transfers as a convenient payment method for funding your international money transfer with them.

How can my recipient get paid with Cambridge Currencies?

In the international money transfer ecosystem, a delivery method is defined as the method you use to pay your overseas recipient.

Using your Cambridge Currencies account, you can send transfers directly to your overseas recipient's bank account.

Are there any Cambridge Currencies coupon codes or promotions I can use?

At this time, Cambridge Currencies is not offering any coupons or promotions. If that changes, we will update this page to add such future deals or offers.

You can certainly monitor this page for Cambridge Currencies coupons and offers manually, but doing so will take time and effort. Additionally, if you forget to check back regularly, you can easily miss a short lived promotion and miss a potential opportunity.

An easier and better method to stay updated with any future Cambridge Currencies coupons or deals is to register for the RemitFinder exchange rate alert. RemitFinder does all the work to keep you appraised about the latest exchange rates and promotions from many money transfer companies. The exchange rate alert is totally free so sign up and take advantage!

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How can I find Cambridge Currencies near me?

Cambridge Currencies money transfers are executed online and there are no offices or locations for you to go to. In that sense, it is easier and faster to send money overseas with Cambridge Currencies.

What is the best way to find a Cambridge Currencies Sending Location near me?

Cambridge Currencies does not handle cash transfers so you do not need to go to their office or agent location to send money. Simply go online and send money internationally with them.

What is the best way to find a Cambridge Currencies Payment Location overseas?

If you send money internationally with Cambridge Currencies, your overseas recipient gets paid directly in their bank account. Therefore, there is no need for your receiver to go to a Cambridge Currencies payment location to pick up the funds you send to them.

Is Cambridge Currencies a safe way to send money abroad?

Yes, Cambridge Currencies is a secure option for sending money abroad. With FCA-licensed banking providers and fully safeguarded accounts, your funds are protected up to the full amount, ensuring a secure transfer process.

Here are some key points to consider regarding the safety and security of Cambridge Currencies' service:

• Safeguarding: Cambridge Currencies implements an industry best practice called safeguarding whereby customer funds are held in separate accounts from the money that Cambridge Currencies uses for their own operations. This means that your funds are not used to run the company and are safe even in the extreme case where Cambridge Currencies becomes insolvent.
• KYC And AML Implementation: Cambridge Currencies adheres to various regulatory and legal requirements like know your customer (KYC) and anti-money laundering (AML), thereby ensuring your and your funds' safety.
• Secure Banking Partners: Cambridge Currencies highlights that they work with highly secure banking partners which adds another layer of security to your funds and information.
• Transparency And Open Communication: Cambridge Currencies maintains open communication channels with its customers to ensure they are aware of all safety measures and policies.

Can I trust Cambridge Currencies?

A major factor to inspire trust in an organization is to inspect its registration and legal information. Cambridge Currencies is registered in England and Wales (registered no. 15402338).

Additionally, Cambridge Currencies' payment services are provided by Equals Connect Limited which is also registered in England and Wales (registered no. 07131446) and is an FCA (Financial Conduct Authority) authorized payment services provider (FRN: 671508).

How good is Cambridge Currencies' service?

Cambridge Currencies strives to provide outstanding service to its clients, and is driven by a steadfast dedication to customer satisfaction and operational excellence. However, the true testament to their service quality lies in experiencing it first-hand. Cambridge Currencies invites you to discover the difference for yourself.

What do users have to say about Cambridge Currencies?

One of the best ways to validate the quality of service of any company is to look into ratings and reviews provided by their customers. Below, we present Cambridge Currencies' ratings and reviews^ on popular review platforms to inspect what users think about their service.

• On Trustpilot, Cambridge Currencies is rated Excellent with 4.6/5.0 ratings and 19 reviews

^Ratings on various platforms as on April 20, 2024

Cambridge Currencies has excellent ratings on Trustpilot. However, the number of reviews is very less, and there are no app store reviews available as the company does not have mobile apps.

Have you used Cambridge Currencies yet? If so, please consider leaving a review on RemitFinder so other users can benefit from your expertise and experience.

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Is Cambridge Currencies the best choice for me?

Given our in-depth inspection of Cambridge Currencies' international remittance services, we observe that it has quite a few advantages when compared to other providers. Here are some of Cambridge Currencies' strong areas:

• Wide Corridor Coverage: Cambridge Currencies has a wide coverage when it comes to countries and currencies of the world - you can trade amongst a thousand currency combinations and about 2,400 country combinations.
• Competitive Exchange Rates: Cambridge Currencies helps you send money overseas at competitive exchange rates, thereby helping you achieve more value for your money when sending funds abroad. In this way, Cambridge Currencies helps you by providing a cost-effective solution for international money transfers.
• Fast Transfers: Most international money transfers with Cambridge Currencies finish instantly or within a few business days. This makes it a faster way to send money overseas.
• No Sending Limits: In general, there are no limits to send money with Cambridge Currencies. The only exception to this is country-specific limits that may be in place as per local governmental and regulatory requirements.
• Dedicated Account Manager: At Cambridge Currencies, you will get your dedicated account manager who will help you through the end to end money transfer with them. This may be especially useful to you in case you are a business owner or send money frequently.
• Wide Variety of FX Services: Cambridge Currencies provides a wide array of FX related services like spot transactions, forward contracts, hedging and limit orders. This makes it a complete FX solution for various currency conversion use cases.

RemitFinder likes Cambridge Currencies for providing a wide corridor coverage, many FX services, competitive exchange rates, dedicated account manager and fast international money transfers.

What are the best reasons to use Cambridge Currencies?

Due to the various advantages that Cambridge Currencies has as discussed in the section above, it should be no surprise that the company can be a reliable provider to send money overseas for many scenarios. Below we list some of the top reasons to choose Cambridge Currencies:

• If you wish to send a large sum of money overseas, Cambridge Currencies can be a good choice. This is because there is generally no limit to the amount of money you can send. The only exception to this would be cases where there are country specific restrictions in place.
• Sometimes there is an urgent need to send money abroad quickly. In such cases, you could rely on Cambridge Currencies as most of their transfers finish instantly to within just a few business days.
• To harness the power of bank to bank international transfers, you can rely on Cambridge Currencies as you can use a bank account on both the sender as well as the recipient side of your overseas funds transfer. This makes it convenient to transfer money from your bank account to your recipient's overseas bank account.
• Cambridge Currencies provides competitive exchange rates so it can be a good choice as by getting a better exchange rate, you maximize the reach of your money by putting more into your overseas recipient's pocket.
• If you are a small business owner or send money overseas frequently, Cambridge Currencies can be a good ally as you get a dedicated account manager with them. This can be a great asset as there is someone to take care of your transactions, see them through and answer any questions you may have.

Cambridge Currencies can be a good choice for many common international money transfer scenarios.

What type of transfers can I make with Cambridge Currencies?

With Cambridge Currencies, you can make various types of transfers, including sending money to friends or loved ones, making payments overseas for goods, conducting business transactions, or even facilitating international property purchases for your new dream home.

What are various ways to send money with Cambridge Currencies?

Cambridge Currencies offers 2 convenient methods for sending money overseas:

• Online transfers available on any browser
• Over the phone transfers

How to send and receive money with Cambridge Currencies?

The exact steps to send money with Cambridge Currencies depends on the type of transfer you do with them. Below is the summary of steps needed for various ways to send money:

• Online Transfers: Log in to your Cambridge Currencies account on their website, enter the recipient's details, select the amount to send, and complete the transaction securely.
• Phone Transfers: Call Cambridge Currencies and provide the necessary information to initiate the transfer.

Step by step guide to send money with Cambridge Currencies

If you need a detailed step-by-step guide to send money with Cambridge Currencies, you can follow the below steps.

• Step 1: Determine if Cambridge Currencies is your chosen provider for your next international money transfer. Nowadays, there are so many money transfer companies operating in the highly competitive international money transfer space. This may make it seem dauting to even decide who to go with. To make this easy, we recommend that you compare numerous money transfer companies using RemitFinder's online remittance comparison tool. RemitFinder shows you the strengths and weaknesses of numerous money transfer companies by comparing them side by side. This will save you time spent in manual searches and can be a valuable tool to fine tune your choices when deciding which money transfer provider to go with.





• Step 2: Get your exchange rate quote. Once you have determined that you wish to use Cambridge Currencies, chat with their experts to find out the transfer rate you will get for your chosen country and currency pair.
• Step 3: Sign Up with Cambridge Currencies. Create your free account in just a few minutes.
• Step 4: Secure your exchange rate. Lock in the rate using your newly opened account.
• Step 5: Send money to your recipient. Start your money transfer transaction and wire funds to complete your transfer.

From this point on, Cambridge Currencies will work on completing your transfer. You will be notified as the transaction progresses to next steps.

It is quick and easy to send money abroad with Cambridge Currencies. The whole process can be completed in just a few easy steps.

How can Cambridge Currencies help me send money?

Cambridge Currencies offers multiple convenient options to help you send money securely and efficiently, they also cover a wide range of currencies that will help navigate all areas of the globe with ease.

Do I need a Cambridge Currencies account to receive money?

No, you do not need a Cambridge Currencies account to receive money that was sent to you by an overseas sender using Cambridge Currencies as a money transfer provider.

This is because Cambridge Currencies supports bank deposit as the only delivery method. Therefore, the funds will get deposited directly into the overseas receiver's bank account, thereby obviating the need to have a Cambridge Currencies account to receive money.

Does Cambridge Currencies have a mobile app?

At this time, Cambridge Currencies does not have a mobile app. If you want to send money using their service, you have to use their website to do so.

The good news is that Cambridge Currencies website is also accessible via your smartphone so you can still send money using your mobile phone.

How do I track my Cambridge Currencies transfer?

You can track your Cambridge Currencies money transfer transaction anytime by looking at your online account with them.

If your payment takes longer than anticipated, tracking becomes even more necessary. Rest assured, Cambridge Currencies will trace the payment through the banks to alleviate any concerns you may have, and will ensure a smooth transaction process for your peace of mind.

Can I use Cambridge Currencies for international bank transfers?

Yes, you can use Cambridge Currencies for international bank transfers. Cambridge Currencies specializes in facilitating seamless and efficient transactions across borders, providing reliable services for all your international payment needs.

To achieve an international bank transfer with Cambridge Currencies, simply choose to pay for your transfer with your bank account in the source country and choose bank deposit as a delivery method for your recipient in the destination country.

This way, the funds will move internationally from bank to bank, albeit at superior exchange rates and low fees as compared to international wire transfers done by banks.

Is Cambridge Currencies on-line better than sending money in-person in stores?

Cambridge Currencies provides significantly better exchange rates compared to in-store options. Additionally, the convenience of sending money on the go not only simplifies the process but also makes it much more efficient.

Does Cambridge Currencies have a rewards program?

Cambridge Currencies provides rewards and cash incentives for successful referrals to their services. Check with your account manager on how to make referrals.

What customer support options are available with Cambridge Currencies?

Cambridge Currencies offers various customer support options to assist you with any inquiries or assistance you may require. Below are various ways you can get in touch with them:

• Using Live Chat: You can connect with Cambridge Currencies' support team via WhatsApp.
• Calling On Phone: If you wish to speak to someone at Cambridge Currencies, you can call them at +44 (0) 1223 608232.
• Email: To reach out to support team via email, you can write to info@cambridgecurrencies.com.
• Online Webform: Finally, you can also fill up an online webform on Cambridge Currencies' website Contact Us page.

Cambridge Currencies provides customer support via chat, phone, email and an online webform. This makes it easy for customers to get in touch with them as and when needed.

Can I cancel my Cambridge Currencies transfer?

Yes, you can cancel your transfer with Cambridge Currencies.

However, cancellation policies may vary depending on factors such as the stage of the transfer process and applicable terms and conditions. It is recommended to contact Cambridge Currencies directly for assistance with cancelling your transfer.

How do I delete my Cambridge Currencies account?

To delete your Cambridge Currencies account, you can contact them via email. Once your request has been received, they will ensure that your account is deactivated securely and in accordance with their policies.

Make sure to keep a record of all your transfers before your account is closed. This will ensure you have the data in case you need it in the future.

Additional Information

Legal and Regulatory Compliance

Cambridge Currencies is a registered company in England and Wales (registered no. 15402338).

The payment services of Cambridge Currencies are handled by Equals Connect Limited which is a registered company in England and Wales (registered no. 07131446). Equals Connect Limited is also an FCA (Financial Conduct Authority) authorized payment services provider (FRN: 671508).