iBanFirst Alternatives and Competitors

September 7, 2020

Headquartered in Belgium, iBanFirst began operations in 2013. It also has offices in France and Cyprus. The company operates an international payments system and provides services for small and medium-sized enterprises world-wide. The company provides interbank rates for all trades and each transfer comes with a fixed fee. iBanFirst customers get to make and receive payments in 23 currencies, with unique IBANs allocated to each currency account.

While several businesses benefit by using the services of iBanFirst, it might be worth your while to take a look at what its competition has to offer. After all, not all businesses that make or receive cross-border payments have the same requirements.

Low Transparent fee structure
Forward contracts
Scheduled transfers
Dedicated account manager
Live chat support

low

Fees

fast

1-2 days

Go to Site

Forward contracts and limit orders
Scheduled transfers
Travel money solutions for residents of the UK
Multilingual website

low

Fees

medium

2-3 days

Go to Site

0.4% margin for new customers referred by iCompareFX
Fee-free transfers
Scheduled transfers
Online and phone transfers

low

Fees

medium

2-3 days

Go to Site

Fee-free transfer limit
Forward contracts
Stop loss orders
Limit orders

low

Fees

medium

2-3 days

Go to Site

Jump to an alternative provider

WorldFirst

Jump to

Currencies Direct

Jump to

OFX

Jump to

Global Reach Group

Jump to

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.

Offices in the UK, the Netherlands, Australia, Japan, Singapore and Hong Kong

Free receiving accounts in U.S. dollars, Canadian dollars, British pounds, Euros, Japanese yen and Chinese renminbi

Scheduling transfers is easy

Provides forward contracts

Website access in different languages

Local phone support in some countries

Applies a transparent margin over existing mid-market/interbank exchange rates

Businesses and online sellers may apply for the multicurrency World Account

By reconciling international payments using matching currency accounts, you save on currency conversion fees

WorldFirst lets you integrate the World Account with Xero

Sending limits vary according to where you live and the desired transfer method

You can't use WorldFirst to send money from the U.S.

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.

Lets you pay international suppliers in local currencies

Receive payments and hold funds in different currencies using segregated accounts

Schedule transfers with ease

Choose from forward contracts and market orders

All customers get access to dedicated account managers

Website access in different languages

Provides travel money solutions in the UK

Does not provide services in all American states

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.

Offices in Australia, the UK, the U.S., Hong Kong and New Zealand

Free receiving accounts in U.S. dollars, Canadian dollars, British pounds, Euros, Australian dollars, Hong Kong dollars, and Japanese yen

Automated delivery of funds is possible

Lets you schedule transfers

Provides forward contracts and market orders

Initiate transfers online or over the phone

Local phone support in some countries

Fee-free thresholds for personal transfers

Trading in some currencies is possible only over the phone

No multilingual website

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.

Headquartered in the UK, offices also in South Africa, the Netherlands and Cyprus

Serves individuals and businesses

All customers get access to currency specialists

Lets you schedule transfers

Choose from forward contracts, limit orders and stop loss orders

Does not transfer money to physical locations

No multilingual website