GCEN Money Transfer Review

Global currency exchange network

The Global Currency Exchange Network, or GCEN for short, is a huge currency exchange company based in the United Kingdom. Whilst they do offer standard currency exchanges and travel cards, the bulk of their business is focused on the transfer of currency overseas.

GCEN mainly caters for business clients, however, personal clients are more than welcome to trade with GCEN. However, if you are only trading small amounts, it is unlikely that you will be able to achieve the best possible exchange rates through GCEN. That is not to say that the exchange rates are bad. They tend to be pretty good, but for personal clients, you may be best off looking elsewhere if you are transferring less than a thousand pounds or so.

One of the great aspects of GCEN is the fact that you are able to use a variety of different transfer money. The most popular method is, of course, through their online system. Now, there are a lot of companies out there who offer international money transfer online. I won’t lie to you though, most of those systems are absolutely abysmal. They ask you to jump through hoops to make just the smallest of transactions. That is not a problem you are going to run into with GCEN. Providing you are transferring between £200 and £100,000, it won’t take long to register on the site and send the money on over to the international bank account. Of course, if you do want to transfer money in a slightly different way, you can also carry out telephone transactions. They are the same price.

Let’s talk about the cost of the GCEN service a little bit more. As you may well know, the majority of international money transfer companies out there do not offer live tracking for exchange rates. Banks are notorious for this. Now, this should not be that much of an issue if you are not transferring much in the way of cash. The market does not change all that much on a daily basis. However, if you are sending thousands of pounds, you need to know that you are getting the best possible rate. Thankfully, this is possible through GCEN. They track the markets live. This means that the most up-to-date exchange rate is offered to you. Hopefully, this should lead to the best possible deal.

In addition to this, other services that you would normally expect of an international money transfer company are offered. This includes a ‘rate tracker’ service (this means that you will only make the trade when the currency hits a certain rate), and the ability to schedule regular payments which is, of course, ideal for those who are paying bills overseas on a regular basis.

Whilst they are not the cheapest company around, GCEN are, without a doubt, one of the easiest companies online to deal with. If the smoothness of the transaction and the range of payment methods available means more to you than getting the best possible deal, you really should check out GCEN.