Remove the risk from international transactions. iBanFirst allows you to regain control of your payments in foreign currencies
Build trust
Pay suppliers on time and receive your customers' payments in their own currencies
Transparency
Choose from a broad range of options with no hidden fees
Unified process
Leverage a single online platform for foreign exchange and payment operations
When sending a payment, you see in real time the exchange rate of the transaction, and the fees that apply.
Express
Less than 1 hour through real-time gross settlement
Priority
Next-day payment through SEPA or SWIFT
Standard
Two-day payment through SEPA or SWIFT
Economical
Three-day transfer through local payment networks
What currencies does iBanFirst offer for cross-border payments?
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.
Does iBanFirst support same currency transactions?
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 is only dealing with same-currency transactions, then iBanFirst might not be the best payment solution for your needs.
Can anyone initiate a payment from the iBanFirst platform?
No. You control who can initiate payments through customisable user permission rights. You can configure payment limits and multi-level approvals for different user roles, with granular access rights across different entities.
Additionally, iBanFirst requires dual authentication via our mobile app to approve and execute sensitive operations, including payments.
Can I make bulk payments through the iBanFirst platform?
Yes, you can use the iBanFirst API to initiate bulk payments directly from your accounting software or use Isabel 6 or EBICS if you have subsidiaries in France, Germany or Belgium.
Can I access proof of payments via iBanFirst?
Yes, simply choose a payment and select "Proof of Payment" on the details page. This will immediately download a pacs.008 file in XML format to your device.
iBanFirst S.A. is duly authorised and regulated by the National Bank of Belgium (under company number 0849.872.824) as a payment institution. Our registered address is at Avenue Louise 489, 1050 Brussels, Belgium. The products and services that iBanFirst S.A. offers are limited to unregulated spot FX transactions and deliverable forward payment contracts (forward payment, flexible forward payment and dynamic forward payment) excluded from MiFID and EMIR regulation, as they are intended to cover an underlying future payment for identifiable goods and services. iBanFirst S.A. does not offer options or any other financial instruments for investment or speculative purposes.