Manage foreign exchange risks
With a range of forward contracts, protect your business against currency volatility.
Lock in your currency exchange rate
With iBanFirst deliverable forward contracts, you benefit from a guaranteed exchange rate to pay invoices denominated in foreign currencies. Predetermined reserves of foreign currencies, your deliverable forward contracts can be used at a future date or within a given period, up to two years after signing them.
Manage risk
Neutralise exposure to foreign exchange rate fluctuations
Protect margins
Deploy currency risk management strategies, accessible to companies of any size and for any amount
Flexible process
Leverage a single online platform for currency risk management, foreign exchange and payment operations
Choose duration and flexibility
Select your hedging strategy based on your needs.
Forward
Lock in a currency exchange rate to use at a set date in the future.
Guaranteed FX rate
Transparent rates
No hidden fees
Set usage date
Usage window
Multiple take-ups
Better FX rate applied at expiry
Maximum maturity 24 months
Flexible forward
Lock in an FX rate and use it at any time during a given period.
Guaranteed FX rate
Transparent rates
No hidden fees
Set usage date
Usage window
Multiple take-ups
Better FX rate applied at expiry
Maximum maturity 24 months
Dynamic forward
Retain the possibility to obtain a better FX rate at expiry, if applicable.
Guaranteed FX rate
Transparent rates
No hidden fees
Set usage date
Usage window
Multiple take-ups
Better FX rate applied at expiry
Maximum maturity 24 months
A partner you can trust
Secure and reliable above all
Frequently asked questions
What fees can I expect to pay with iBanFirst? Are there any monthly costs?
At iBanFirst, we offer competitive and transparent foreign exchange rates and fees. Here you can find a complete overview of all our fees applied.
Unlike most corporate banks, iBanFirst does not charge any fees to open an account nor any monthly subscription fees.
iBanFirst earns a spread on every currency conversion, calculated as the difference between the market rate and the client rate. This spread is transparent and shown on the web platform or communicated over the phone.
Which currencies does iBanFirst offer?
iBanFirst currently offers over 30 currencies to open accounts, receive payments, hold funds and make payments. You can check the list of currencies available here.
Do I have a dedicated contact person, or do I have to go through the help desk every time?
iBanFirst prides itself on offering a very personal experience, from the first moment you inquire about our services to the time you decide to join us. Additionally, once you have an account, you can contact your customer success manager at any time to assist you with issues you might face, as well as your dedicated account manager who can assist with inquiries about our hedging solutions.
Are my funds secure?
iBanFirst is regulated as a payment institution as per the European PSD2 directive, which strictly regulates how payment institutions, such as iBanFirst, operate and manage client funds and payments.
For instance, under the PSD2 directive, funds must be segregated from the payment institution's own funds and held at a custodian bank. Cash reserves must be held to guarantee the payment institution's solvency. Both measures guarantee that, in the unlikely event of iBanFirst’s insolvency, client funds would remain safe and secure and would be returned to the clients.
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iBanFirst S.A. is duly authorised and regulated by the National Bank of Belgium (under CBE number 0849.872.824) as a payment institution. It is a direct member of the SWIFT network and is certified to make payments throughout the SEPA zone. As a payment institution, iBanFirst S.A. only offers hedging solutions (forward, flexible forward and dynamic forward) connected to underlying payment transactions. iBanFirst S.A. does not offer options or any other financial instruments for investment or speculative purposes.