ForexQ.com
ForexQ.com
According to its official website, A&B Money is the trading name of A&B General (UK) Limited, which provides international money transfers for the Thai community in the UK and Europe; the company also uses the trading name ABFX. The site says the business began in Thailand in 2007, that A&B General (UK) Ltd was set up in London in 2009, and describes itself as the first Thai-owned payment services company in the UK; local payments in Thailand are processed by the group company A&B General Group (Thailand) Ltd, and A&B General USA Inc was set up in Chicago in 2012. The site gives 716949 as its FCA licence number and links to the FCA register. Services are aimed at individual and business clients: transfers from the UK and Europe to bank accounts in Thailand (said to arrive within 5-10 minutes), international payments, and personal and business accounts and debit cards under the AB Plus name. The site says fees for transfers to Thailand start at 1 GBP/EUR and go up to 60 GBP/EUR, that there is no transfer limit, and that funding is by bank transfer or debit/credit card; there is an ABFX mobile app. According to the FCA register, A&B General (UK) Ltd is an authorised payment institution with permissions for money remittance, issuing payment instruments and executing payment transactions. This information is the company's own statement.