You ask, we answer

Any company with international and foreign exchange payment volumes of more than €200,000 per year can open an iBanFirst account. Restrictions may apply depending on the country of origin, the activity of the company or the origin of the funds.

Simply fill out the account opening form to be contacted by our team.

Nothing, opening an account at iBanFirst is completely free.

With iBanFirst, you can hold and receive funds in 25 currencies and execute payments in 135+ currencies. You can check the list of currencies available here.

iBanFirst is specifically designed to meet the needs of SMEs. Therefore, it does not offer the same scope of services to individuals. However, in cases of significantly larger private transactions (eg real estate purchases), you can open a non-commercial account with iBanFirst. For any specific enquiries, feel free to contact us directly.

Although the iBanFirst payment solution has been optimised for global currency transactions, you can also use the platform to make non-converting currency transactions. However, if your business only deals with same-currency transactions, then iBanFirst might not be the best payment solution for your needs.

Payments between iBanFirst accounts are instantaneous (and free of charge!).

For euro payments within the SEPA zone, funds are usually available the same day.

For international payments in other currencies, funds typically arrive within 2-3 business days, depending on the complexity of the routes, how many intermediary banks and time zones the funds pass through, and local cutoff times. Find out more about international payment speeds.

Yes, you can convert funds between your currency accounts directly on the iBanFirst platform at a live, transparent exchange rate.

iBanFirst doesn't replace your bank as a financial institution. Instead, it enhances your cross-border banking experience by providing a payment platform that puts you in control of your international transactions and FX risk management.

Unlike traditional banks, iBanFirst offers an advanced platform specifically designed for SMBs, allowing them to manage all their international transactions from a single interface. Typically complex and opaque processes become transparent and easy to navigate, enabling SMBs to handle multiple accounts, currencies, and both incoming and outgoing payments — all without the inconvenience of legacy systems.