Frequently Asked Questions

Yes. CurrencyCart is a trading name of Regent Foreign Exchange Ltd. a Trading name of Regent Foreign Exchange Limited. Payment services for Regent Foreign Exchange Limited are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).

Regent Foreign Exchange Ltd is registered with the Information Commissioner's Office under the UK Data Protection Act – Registration Number Z2653441.

Foreign Exchange rates fluctuate with market conditions. CurrencyCart gives you real-time access to market rates, so you can be sure that you are always getting the most current pricing.
The only way to pay for your transactions with CurrencyCart is through a wire transfer (also known as a Telegraphic transfer). You would pay CurrencyCart in the same way you transfer money to your friends in the UK, it’s easiest via online banking, but you can also pay through your bank branch.
No. We can only accept funds and pay any exchanged currency to beneficiaries via bank transfers.
Typically, it would take between 3-4 business days for the end beneficiary to receive the funds. Transactions for some currencies can complete next day.
If the transaction has not completed yet, we will do our best to fulfil any cancellation requests. However, please be aware that there can be costs incurred in any cancellation. If you require more details, or would like to cancel a transaction, please contact us and we’ll be happy to help.
Yes. It is completely free to open an account with CurrencyCart. You can register by completing the on-line form here.
Yes, you can see all orders placed over-the-phone and online in one convenient and secure online location, this is called ‘My CurrencyCart’. You can also purchase more currency, provide payment instructions to pay the purchased currency to a beneficiary bank account of your choice, as well as save and manage beneficiary bank accounts from one location.
CurrencyCart is a real-time online system that processes all transactions straight through to execution automatically. You will receive an email confirmation of your trade, and will also be able to see all the relevant transaction and payment instructions in the ‘My CurrencyCart’ section of your account.
It varies, but typically, it would take between 3 and 4 business days for end beneficiary to receive the funds. Transactions for some currencies can complete next day.
If you are purchasing currency for immediate delivery (3-4 days) then you should transfer the funds to CurrencyCart without delay on the same day. It may be possible to transfer the funds on the morning of the next day, before the cut-off time (this also varies depending on the currency). However, generally speaking it is best if you fund the transaction straight away – full instructions are sent by email as soon as you complete any order.
A forward contract allows you to lock in today’s exchange rate for delivery of exchanged currency at a future date up to 12 months in advance. Please note that you will need to transfer a ‘margin deposit’ for any forward contract that you book. This is a small percentage (typically around 3-5%) of the total amount of the currency booked. Once you’ve placed a forward contract order with us, a confirmation email will let you know the amount of margin you will need to transfer straight away, as well as the final balance amount and payment due date.
CurrencyCart by Regent Foreign Exchange is for anyone who requires an easy and cost-effective currency exchange and international transfers/payments service. This includes private individuals, businesses, charities, trusts and almost any other kind of organisation. Our main focus is to provide an easy-to-use system, completely transparent pricing and great customer service.
Yes, please feel free to call us and book your transactions over the phone. You can access our dealer line at the number given in the contact us page of our site. Some currencies are only available over-the-phone, and you would be notified of this if you try to place an order. You will notice that the online system is easy-to-use.
The SWIFT system is a secure messaging system that allows banks to instruct each other on payments and accounts that they hold with each other. Sometimes it is sufficient to provide a branch code, such as a BSB code in Australia, or Sort code in the UK. In the USA, we will need your ABA codes (also known as routing numbers). In Europe we require an IBAN number. These codes allow the CurrencyCart to accurately identify the bank and branch where your money is being sent.
A Wire Payment and a Telegraphic Transfer are exactly the same process. As such, a wire (or TT) is a way of making an electronic payment from one bank account to another. Please note that to send money using TT (wire) you will need to provide correct details of the recipient’s bank account. Information such as (1) account name, (2) account number (3) SWIFT BIC – Bank Identifier Code // ABA – if the transaction is for the US // BSB code for Australia // Sort Code in the UK.
We save you time and money. Our rates are much more competitive than your bank rates. Please compare our service with your bank or currency exchange provider – you’ll find that you are paying a very high premium when you use your bank, and that CurrencyCart gives you more money for your money.
Yes. You will receive an online and email confirmation of your trade, any next steps you have to take, due dates for funds and onward payment instructions. Please make sure we have your correct email, and check any spam filtering to allow emails from, so that we can keep you fully posted when you make a transaction.
Yes, you can switch to CurrencyCart or register with us to compare rates with your existing bank or broker.

You will find that bank rates for international currency exchange and transfers/payments are generally considerably more expensive compared to CurrencyCart. We are confident you will find that CurrencyCart will save you money and time – please do take the time to compare our pricing and service. is open 24 hours a day, and we’re open when the international foreign exchange market is open (8.00am GMT on Mondays through to 5.30pm GMT on Friday) so you can exchange currency and make international payments at your convenience.

You can register online in just a few minutes, and because we electronically check your details, you can start to exchange currency and make transfers within 10 minutes of registration. Click here to sign up with CurrencyCart.

Making A Transfer

A more detailed guide to using our service can be found here. There are a couple of things you will need to have with you when completing currency exchange and transfers.

Your CurrencyCart registration details. If you have not yet signed up, please do so on-line now. It’s free and only takes 5 minutes.

Details of the bank account where you would like us to deliver the currency that you purchase, remember it can be an account that belongs to you, a supplier or organisation that you wish to pay, or other members of your family.- Bank account SWIFT/BIC (Bank Identified Number), branch and account information to enable us to deliver the money to the correct account. These details can be found on the bank account statement or invoices from your suppliers.

This table is a guide to help you obtain the correct details for your transfer.

Country Bank Information Account Information
UK and Europe (SEPA / EURO Zone) SWIFT / BIC Code IBAN - International Bank Account Number
The USA ABA / Transit Routing Number Account number
Canada SWIFT / BIC Code 5 Digit Branch Code and Account Number
Australia and NZ SWIFT / BIC Code BSB and Account Number
Other Countries SWIFT / BIC Code Branch and Bank Account Information

*Name and address of the beneficiary - this is the person or company receiving the funds. *Only limited by existing government regulations and sanctions.