WorldFirst Logo

WorldFirst

This alternative to IBanFirst provides services for individuals, businesses, and online sellers. When you register with WorldFirst, you get access to free receiving accounts in various currencies through the World Account. The company provides forward contracts.

Pros

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Offices in the UK, the Netherlands, Australia, Japan, Singapore and Hong Kong
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Register as an individual, a business or an online seller
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Free receiving accounts in U.S. dollars, Canadian dollars, British pounds, Euros, Japanese yen and Chinese renminbi
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Scheduling transfers is easy
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Provides forward contracts
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Website access in different languages
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Local phone support in some countries
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Applies a transparent margin over existing mid-market/interbank exchange rates
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Businesses and online sellers may apply for the multicurrency World Account
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By reconciling international payments using matching currency accounts, you save on currency conversion fees
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WorldFirst lets you integrate the World Account with Xero

Cons

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Sending limits vary according to where you live and the desired transfer method
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You can't use WorldFirst to send money from the U.S.

Currencies Direct Logo

Currencies Direct

You may register with Currencies Direct as an individual, a business or an online seller. Online sellers get to convert their earnings from different ecommerce platforms into their local currencies without the need of receiving accounts in different currencies. By offering segregated accounts under a single umbrella, this IBanFirst alternative simplifies how you receive payments from different countries.

Pros

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Sign up as an individual, a business or an online seller
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Lets you pay international suppliers in local currencies
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Receive payments and hold funds in different currencies using segregated accounts
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Schedule transfers with ease
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Choose from forward contracts and market orders
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All customers get access to dedicated account managers
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Website access in different languages
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Provides travel money solutions in the UK

Cons

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Does not provide services in all American states

OFX Logo

OFX

OFX serves individuals, businesses and online sellers. This alternative to IBanFirst provides free receiving accounts in seven currencies. There are no fees when you withdraw money from your OFX account to your bank account.

Pros

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Sign up as an individual, a business or an online seller
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Offices in Australia, the UK, the U.S., Hong Kong and New Zealand
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Free receiving accounts in U.S. dollars, Canadian dollars, British pounds, Euros, Australian dollars, Hong Kong dollars, and Japanese yen
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Automated delivery of funds is possible
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Lets you schedule transfers
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Provides forward contracts and market orders
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Initiate transfers online or over the phone
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Local phone support in some countries
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Fee-free thresholds for personal transfers

Cons

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Trading in some currencies is possible only over the phone
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No multilingual website

Global Reach Group Logo

Global Reach Group

This UK-based ibani.com alternative has international offices in South Africa, the Netherlands and Cyprus. You may register with this company as an individual or a business. Upon registering, you get over-the-phone access to a currency specialist. You may use the Global Reach Group website only in English. This company began operations in 2002.

Pros

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Headquartered in the UK, offices also in South Africa, the Netherlands and Cyprus
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Serves individuals and businesses
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All customers get access to currency specialists
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Lets you schedule transfers
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Choose from forward contracts, limit orders and stop loss orders

Cons

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Does not transfer money to physical locations
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No multilingual website

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