Abacus FX is a UK-based international money transfer company that provides services for individuals and businesses from different countries in and outside of Europe. This company lets you transfer funds directly into overseas bank accounts, but it does not have a network of cash pickup locations. Along with a wide range of products, this service provider offers credit for hedging.
Abacus FX Competitor Comparison Table
- User Rating
- Transfer Type
- Regular Payments
- Mobile App
- Min Transfer Amount
While using the services of this company might work well for you, make a decision after looking at what some of the leading Abacus FX alternatives have to offer.
This Australia-based Abacus FX alternative lets you register as an individual, a business, or an online seller. While the company operates different region-specific websites, you may use them only in English. Signing up for the OFX Global Currency Account gives you access to receiving accounts in different currencies. Outside of Australia, OFX has offices in New Zealand, the UK, Singapore, the U.S., and Canada.
- Sign up as an individual, a business, or an online seller
- Offices in Australia, New Zealand, the UK, Singapore, the U.S., and Canada
- Personal transfers come with no fees
- Provides scheduled transfers, forward contracts, and market orders
- The OFX Global Currency Account comes with free receiving accounts in GBP, EUR, USD, CAD, HKD, and AUD
- Provides local phone support in different countries
- Send money online or over the phone
- No agent locations
- You get to transfer some currencies only over the phone
UK-based TransferWise lets you sign up as an individual, a business, or an online seller. This is among the few Abacus FX competitors that operate multilingual websites for different regions. The Borderless Account gives you access to receiving accounts in various currencies, and it lets you access funds in your account using a linked Mastercard. The company has offices in Estonia, Hungary, Ukraine, the U.S., Singapore, and Hong Kong.
- Serves individuals, businesses, and online sellers
- Simplifies the sign up process by letting you use your existing Facebook, Google, or PayPal account
- Offices in the UK, Estonia, Hungary, Ukraine, the U.S., Singapore, and Hong Kong
- Dedicated websites for residents on the U.S., Canada, the UK, Germany, Italy, France, Australia, New Zealand, Singapore, and Japan
- Website access in multiple languages
- Accepts credit card payments from residents of some countries
- The Borderless Account gives you access to free receiving accounts in GBP, EUR, USD, AUD, and NZD
- The TransferWise Mastercard gives you access to funds in your Borderless Account from just about anywhere
- Its peer-to-peer network does work with all currency corridors
- No scheduled transfers, forward contracts, or market orders
- Transfer fees might vary depending on the currencies involved as well as payment and transfer methods
Headquartered in the UK, WorldRemit also has offices in Australia, New Zealand, the U.S., Canada, and Japan. It provides services for individuals, and not for businesses. This is one of the few Abacus FX alternatives that let you transfer money to physical locations. Website access comes in multiple languages.
- Offices in the UK, Australia, New Zealand, the U.S., Canada, and Japan
- Send money to agent locations or bank accounts
- Top off mobile wallets and airtimes of different service providers
- Low minimum transfer amount of £1
- Accepts payments via credit cards
- Website access in various languages
- Cannot sign up as a business
- Does not provide forward contracts, market orders, or scheduled transfers
- The fee you pay depends on the currencies involved, the transfer method, and the payment method
You might be hard pressed in finding a bank that is better than or similar to Abacus FX because most tend to offer less than favorable exchange rates while charging a tidy sum as fees. Besides, their turnaround times tend to leave room for improvement. As a result, if you are looking for Abacus FX competitors, it might be in your best interest to limit your search to the specialists.
- Should one consider TransferWise or are their better alternatives?
- How does the TransferWise Multi-Currency Account work?
- Is CurrencyFair’s competition up to the task?