Payments guides

Cross-border payments is what we do. We currently support SWIFT and local payments in more than 200 countries, either on our platform or over the phone. Click through our comprehensive guides on each currency that we support.

Don’t see the country that you’re looking for? No problem – just let us know which currencies you’d like to see.

Currencies we can convert

  • Banner Image Australian Dollar (AUD)
  • Banner Image Bahrain Dinar (BHD)
  • Banner Image Bulgarian Lev (BGN)
  • Banner Image Canadian Dollar (CAD)
  • Banner Image Chinese Yuan (CNY)
  • Banner Image Croatian Kuna (HRK)
  • Banner Image Czech Koruna (CZK)
  • Banner Image Danish Krone (DKK)
  • Banner Image Euro (EUR)
  • Banner Image Hong Kong Dollar (HKD)
  • Banner Image Hungarian Forint (HUF)
  • Banner Image Indian Rupee (INR)
  • Banner Image Indonesian Rupiah (IDR)
  • Banner Image Israeli Shekel (ILS)
  • Banner Image Japanese Yen (JPY)
  • Banner Image Kenyan Shilling (KES)
  • Banner Image Kuwait Dinar (KWD)
  • Banner Image Malaysian Ringgit (MYR)
  • Banner Image Mexican Peso (MXN)
  • Banner Image New Zealand Dollar (NZD)
  • Banner Image Norwegian Krone (NOK)
  • Banner Image Omani Rial (OMR)
  • Banner Image Philippine Peso (PHP)
  • Banner Image Polish Zloty (PLN)
  • Banner Image Qatar Rial (QAR)
  • Banner Image Romanian Leu (RON)
  • Banner Image Russian Ruble (RUB)**
  • Banner Image Saudi Riyal (SAR)
  • Banner Image Singapore Dollar (SGD)
  • Banner Image South African Rand (ZAR)
  • Banner Image Swedish Krona (SEK)
  • Banner Image Swiss Franc (CHF)
  • Banner Image Thai Baht (THB)
  • Banner Image Turkish Lira (TRY)
  • Banner Image Ugandan Shilling (UGX)
  • Banner Image UK Sterling (GBP)
  • Banner Image United Arab Emirates Dirham (AED)
  • Banner Image US Dollar (USD)

Important Stuff

Unfortunately, we are currently unable to offer some currencies to clients operating in the EEA, or with EEA-based clients.

The currencies we are unable to offer under this arrangement are:

  • Banner Image Bahrain Dinar (BHD)
  • Banner Image Bulgarian Lev (BGN)
  • Banner Image Chinese Yuan (CNY)
  • Banner Image Israeli Shekel (ILS)
  • Banner Image Kuwait Dinar (KWD)
  • Banner Image Omani Rial (OMR)
  • Banner Image Qatar Rial (QAR)
  • Banner Image Russian Ruble (RUB)
  • Banner Image Thai Baht (THB)
  • Banner Image Ugandan Shilling (UGX)

Restricted currencies

Indian Rupee (INR), Indonesian Rupiah (IDR), Malaysian Ringgit (MYR) and Philippine Peso (PHP) are restricted currencies. You cannot fund these currencies directly. They can only be bought by converting another supported currency and sold back only in exceptional scenarios. Find out more at our FAQ. Cutoff times vary by the Sell currency, please check each Payment Guide for details.

Russian Ruble

Excel Currencies supports RUB as a sell currency only. You can not convert any other currency into RUB for payments.

Local Payments

Countries with local payments in domestic currency

Country Name
Australia Hungary Poland
Austria India Portugal
Belgium Indonesia San Marino
Canada Ireland Singapore
Czech Republic Italy Slovakia
Denmark Latvia Slovenia
Estonia Lithuania Spain
Finland Luxembourg Sweden
France Malaysia United Kingdom
Germany Netherlands United States
Greece Norway Vatican
Hong Kong Philippines

SEPA countries with local EUR payments

Country Name
Austria Greece Poland
Belgium Hungary Portugal
Bulgaria Iceland Romania
Croatia Ireland San Marino
Czech Republic Italy Slovakia
Denmark Latvia Slovenia
Estonia Lithuania Spain
Finland Luxembourg Sweden
France Netherlands Switzerland
Germany Norway United Kingdom

Local Payment Restrictions

It is not possible to use local payment routes to send local DKK, EUR, GBP, NOK or SEK payments where the destination country or the ultimate payer is in one of the following:

  • Andorra
  • Cayman Islands
  • Cyprus
  • Gibraltar
  • Guernsey
  • Isle of Man
  • Jersey
  • Liechtenstein
  • Malta
  • Monaco

SEPA Countries

Country Name
Andorra Greece Norway
Austria Hungary Poland
Belgium Iceland Portugal
Bulgaria Ireland Romania
Cyprus Italy San Marino
Croatia Latvia Slovakia
Czech Republic Liechtenstein Slovenia
Denmark Lithuania Spain
Estonia Luxembourg Sweden
Finland Malta Malta Switzerland
France Monaco United Kingdom
Germany Netherlands Vatican City

When making payments to Canada using our local route, there are certain jurisdiction restrictions that apply.

Following the guidelines imposed by our banking partner, local CAD payments will not be permitted to be created if the client, payer or beneficiary are from any of the jurisdictions listed below:

Country Name Country Code
United Arab Emirates (UAE) AE
Bahrain BH
Democratic Republic of the Congo CD
Central African Republic CF
Cuba CU
Egypt EG
Eritrea ER
Israel IL
Iraq IQ
Iran IR
Jordan JO
North Korea KP
Kuwait KW
Lebanon LB
Libya LY
Mali ML
Myanmar MM
Nicaragua NI
Oman OM
Qatar QA
Russia RU
Saudi Arabia SA
Sudan SD
Somalia SO
South Sudan SS
Syria SY
Turkey TR
Ukraine UA
Venezuela VE
Yemen YE
Zimbabwe ZW

Non-Permitted Activity

As part of our ongoing commitment to mitigate the risk of money laundering and terrorist financing, Excel Currencies has a number of restrictions on the type of industries, activities, and countries we support and service. Failure to comply with these restrictions can result in delayed payments or rejected payments with continuous breaches leading to account closure

Non-permitted Industries – Global

  • Weapons / Military-Grade Security
  • Multi-Level Marketing
  • Pawnbrokers
  • Political Organizations
  • Precious Metals
  • Adult Entertainment
  • Drug paraphernalia
  • Carbon Credits
  • Crypto Currencies
  • Gambling
  • Gambling
  • Firms involved in the servicing of illegal goods/services including but not limited to: Counterfeit Goods/trademark infringement, Human Trafficking, Child Labor, Prostitution.

Non-permitted Industries – United States of America

  • Chemicals
  • Medical devices
  • Alcohol
  • Tobacco
  • Dietary supplements
  • Seeds or plants
  • Regulated financial services
  • Outbound telemarketing

Non-permitted Client Types

  • Financial Institutions making payments on behalf of other financial institutions, also known as ‘nested relationships’ or ‘Layering.’
  • Shell Banks
  • Unregistered Charities

Non-permitted Activities

  • Clients are not allowed to use our services to speculate changes in FX
  • Transactions deriving from Crypto Currencies
  • Excel Currencies restricts the countries that it serves, at both the client level and the payer level for layered/nested relationships.
  • Permitted jurisdictions apply to where funds are originating from and/or where a payer is geographically based. If either our client, or our client’s customers, send funds from a bank account outside our permitted jurisdictions, or they are geographically located outside of our permitted jurisdictions, the funds will be rejected.
  • Any payments created with a payer outside of our permitted jurisdictions will be failed automatically by our transaction monitoring system at the point of processing.
  • Please refer to the table below for a full list of permitted jurisdictions. This list will be reviewed and updated periodically.
Country Name
Aland Islands Guernsey New Zealand
Austria Hong Kong Poland
Australia Hungary Poland
Belgium Iceland Portugal
Bulgaria India Réunion
Canada Ireland Romania
Cayman Islands Isle of Man Saint Martin (French part)
China Israel Singapore
Croatia Italy Slovakia
Cyprus Japan Slovenia
Czech Republic Jersey South Africa
Denmark Latvia South Korea
Estonia Liechtenstein Spain
Finland Lithuania Sweden
France Luxembourg Switzerland
French Guiana Malta Taiwan
Germany Martinique United Kingdom
Gibraltar Mayotte United States
Greece Monaco
Guadeloupe Netherlands
Image Image
Governing Bodies and Registrations

Excel Currencies are a fully Authorised Payment Institution with the UK Financial Conduct Authority. ( Ref: 911228) and HM Revenue & Customs (MSB No: 12190705) as a Money Services Business. Excel Currencies ltd are also members of the UK Money Transfers Association (MTA) and the Association of International Property Professionals (AIPP).

Security of Funds

Excel Currencies ltd operate a Safeguarding Client Account System which protects all funds in these accounts against any liabilities that Excel Currencies ltd may have.

Excel Currencies Ltd, Enterprise House, 8 Essex Road, Dartford, Kent DA1 2AU

Registered in England and Wales, No. 05171054

Copyright © Excel Currencies Ltd 2022. All Rights Reserved.

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