Best Ebury alternatives in 2026, by payment and treasury need

The short answer

The best Ebury alternative depends on what you use Ebury for. If you need forward contracts and an account manager, the closest matches are iBanFirst, Corpay, Moneycorp and Millbank FX: same model, same unpublished exchange margin. Revolut Business sells forwards at a published price. If you only need to collect and pay in several currencies, Wise Business, Airwallex and Sokin publish their exchange fees, from 0.24% to 0.5% on major currencies (October 2026).

• 11 providers on Finzil, Ebury included, say they offer forward contracts or other hedging. Only Revolut Business publishes the price: a 0.8% fee and a 5% deposit on EUR, GBP and USD contracts (checked 23 October 2026).
• Of 210 profiles on Finzil with an exchange-fee line, 86 publish a figure.

What Ebury does, and what you would be replacing

Ebury is an FX and payments company with an e-money licence in the UK (Ebury Partners UK Limited, FCA 900797) and licences or registrations in 15 countries. Its business account has no opening or subscription fee. It earns a spread on each conversion, and the spread is not published: you see the rate before you trade.

What a company gets from Ebury, on its own pages (checked 23 October 2026):

The profile we hold from 8 October lists 28 balance currencies and 13 for collection. The site now says 29+ and 15+, and its own FAQ says 14+ for collection accounts. Ask for the list that applies to your Ebury entity before you compare.

Most of the alternatives below do one or two of these things well. Very few do all of them, so start by deciding which parts you use.

Ebury alternatives by need

Nobody paid to be listed and Finzil doesn't rate providers. Every row comes from the provider's own price list, terms or product pages, checked between 8 and 23 October 2026.

You hedge: iBanFirst, Corpay, Revolut Business and the FX specialists

If your business locks rates months ahead, you need a provider that sells forward contracts, and the choice narrows fast. Eleven of the 280 providers on Finzil say they offer forwards or other hedging. Ten of them share Ebury's pricing model: no account fee, an exchange margin agreed per client, and nothing published. Revolut Business is the exception.

iBanFirst is the nearest like-for-like. It is a Belgian payment institution with a free account in 25 currencies, IBANs in your company's name and local details in nine European countries. It sells three forwards: fixed (one amount, one date, from €5,000), flexible (draw down a total over a window, from €15,000) and dynamic (a floor rate with room to gain). It only sells deliverable forwards tied to a real payment for goods or services, and no options. An outgoing SWIFT payment costs €5 with shared charges, or €25 if you pay all of them, on the price list valid to 30 November 2026; a new list applies from 1 December. There are no cards, and the first payment in must come from your company's own account at a bank in the EEA or an equivalent country.

Corpay, the former Cambridge Global Payments and AFEX, goes further than Ebury on instruments: forwards and options. Accounts are in the company's own name in 25+ currencies, payments go to 200+ countries, and there is no account or yearly fee. Wires typically cost $10 to $75. It doesn't publish which countries and company types it accepts.

Revolut Business publishes what its FX Forwards cost. A contract between EUR, GBP and USD needs a 5% deposit and a 0.8% flat fee; pairing one of them with CHF, CZK, DKK, HUF, NOK, PLN, RON or SEK needs a 10% deposit and a 1.5% fee. Rates can be fixed up to two years ahead, on a set date or over a window, and booked in the web app. Cancelling costs the fee plus the market move since booking, which can go either way. The conditions are Revolut's usual ones and then some: a company incorporated in the UK, Switzerland or the EEA (freelancers can't book them), a Revolut Business account, the 25 industries it refuses, and forwards only for goods, services, overseas income, direct investment or salaries. Revolut has no account manager in the Ebury sense; a sales team helps with larger contracts.

Moneycorp offers a free account on a multicurrency IBAN, payments in 130+ currencies, forwards and an account manager. Its margin, transfer fees and full currency list are not published, and there is no card.

Millbank FX is smaller and says so: it is built for businesses with regular, sizeable FX, and it asks for recent bank statements at application. You get a named account in your business's name in 38 currencies, forwards, market orders and one FX specialist. Currencies Direct (40+ currencies, mass payments, hedging tools) and Lumon (60 currencies, forwards, £5 per payment to an outside account) fill the same gap. Lumon's terms add one point worth reading: money tied up in an FX contract may not be safeguarded.

Our view: if you hedge, don't switch on the account fee or the app. Switch on the forward terms: the minimum size, the deposit and any margin call when the rate moves against you, and what happens if your supplier is late and you can't take delivery on the date. Revolut is the only one that prints those terms on its website; ask the others for them in writing.

You don't hedge: take a published price

If you pay suppliers at the spot rate and never lock a rate ahead, you are paying for a service you don't use. A provider with a public price list lets you check every conversion yourself.

Amnis has one condition traders should read first: its prohibited list names "import/export and cross-border logistics". Its 0.2% rate is no use if the business is on that list.

A worked example: what an Ebury quote has to beat

A UK importer converts £40,000 into US dollars once a month to pay a supplier, £480,000 a year. On published October 2026 rates:

So at this volume an Ebury quote wins on price only if its all-in margin is below about 0.22% (Revolut Scale's £1,080 is 0.225% of £480,000), or if it saves money another way. Ask for the margin as a percentage against the mid-market rate at the same minute, not as a rate on its own. A rate tells you nothing until you compare it.

The fee table isn't the whole cost. If the same importer prices its goods six months ahead and sterling falls 5% against the dollar, £240,000 of payments costs £12,000 more (an illustration, not a forecast). That is about eight times the widest fee gap in the table, and it is the risk forwards exist to remove. Hedging the same £240,000 with Revolut's published forward fee costs £1,920, plus a £12,000 deposit returned as the contract is used. A company with that exposure should compare hedging providers with each other, not with Wise.

Who Ebury and the alternatives won't take

Check eligibility before price. Ebury's relationship agreement for its Hong Kong entity names online gambling, crypto, firearms, adult content, payday lenders and pawn shops among the businesses it won't serve; we have not found the equivalent list for the UK entity. Among the alternatives:

• Crypto and iGaming: Payset and Equals Money name both among the sectors they serve. Payset takes crypto companies and brokers for business-to-business payments only. Verto, Airwallex, Wise, OFX and IFX Payments refuse crypto in their published lists.
• Money service businesses: Wise, OFX and IFX Payments refuse them.
• Owners abroad or a company outside Europe: Airwallex accepts companies from 69 listed countries. Corpay, Moneycorp, Currencies Direct, Millbank FX and Lumon don't publish who they accept, so ask before you send documents. Amnis needs a board member living in the company's country and charges companies outside the EEA €1,000, not refundable, to review them before they apply.

How to move off Ebury without a gap

1. List what you used last year. Currencies collected, currencies paid, number of payments, forwards booked and their sizes. That list decides the shortlist.
2. Ask two providers for the same quote. Same currency pair, same amount, same minute, margin against mid-market. Ask hedging providers for the forward terms in writing, and set them against Revolut's published 0.8%.
3. Open the new account before closing the old one. Onboarding is a conversation at most of these providers and usually takes three to five business days; Millbank FX asks for bank statements.
4. Let open forwards run to maturity. Closing a forward early can cost the market move. Move new trades only.
5. Update your collection details with customers and marketplaces and keep the Ebury account open until payments stop arriving there.

Finzil matches your company, owners and trade against the published rules of every provider on the site, so the shortlist in step 2 only includes providers that accept you.

Questions people ask

What is the best alternative to Ebury?

It depends on whether you hedge. For forward contracts and an account manager, iBanFirst, Corpay, Moneycorp and Millbank FX work the same way as Ebury. Revolut Business sells forwards at a published 0.8% fee for UK, Swiss and EEA companies. For collecting and paying in several currencies at a published price, Wise Business (from 0.24%), Sokin (from 0.3%) and Airwallex (0.5%) list their exchange fees (October 2026).

Is iBanFirst cheaper than Ebury?

Neither publishes its exchange margin, so the only way to know is the same quote from both on the same day. iBanFirst publishes its transfer fees: €5 for an outgoing SWIFT payment with shared charges on the tariff to 30 November 2026. Neither charges an account fee.

Does Ebury charge a monthly fee?

No. Ebury charges no opening or subscription fee for its business account. It earns a spread on each currency conversion, shown before you trade but not published as a percentage (checked 23 October 2026).

Which Ebury alternatives offer forward contracts?

On Finzil, iBanFirst, Corpay, Moneycorp, Millbank FX, Currencies Direct, Lumon, IFX Payments, Alpha Group and Revolut Business say they offer forward contracts or other hedging. Corpay also sells options. Only Revolut publishes its forward price: a 0.8% fee and 5% deposit on EUR, GBP and USD contracts (October 2026).

Does Revolut Business offer FX forwards?

Yes. Revolut Business FX Forwards fix a rate up to two years ahead in 11 currencies. Contracts between EUR, GBP and USD cost a 0.8% flat fee and a 5% deposit; other pairs 1.5% and 10%. Only companies incorporated in the UK, Switzerland or the EEA can book them (checked 23 October 2026).

Is Wise a good alternative to Ebury?

For a company that converts at spot and doesn't hedge, often yes: no monthly fee, account details in 22 currencies and conversion from 0.24%. Wise doesn't sell forward contracts and has no account manager, so it doesn't replace Ebury for a business that locks rates ahead.

Figures come from the providers' own price lists, terms and product pages, checked between 8 and 23 October 2026 (Ebury's product page and Revolut's FX Forwards page on 23 October 2026). The provider count uses 280 profiles on Finzil on 23 October 2026. Rules and prices change; each profile shows the date we last checked. Finzil does not rate providers and nobody paid to appear here. General information, not financial or legal advice.