Want to see the iBanFirst platform in action?
Receive payments in your clients' currencies
Avoid the hassle of managing separate bank accounts for foreign currencies. Receive payments in 25+ currencies instantly and hold funds as long as you want without needing to convert them right away.
Operate internationally, invoice locally
Win more business abroad by letting clients pay in their own currency. Eliminate any concerns over exchange rate fluctuations and make every payment experience seamless.
Get paid like a local in the USA
Selling goods or services in the U.S.? Keep your pricing competitive without any hidden fees, avoid losing money on exchange rates, and build trust with customers who pay directly into a local USD collection account in your name.
Open an account in your name
Operating in the UK, Belgium, France, Germany, Italy, Spain, or the Netherlands? Your iBanFirst account comes with an individual local IBAN in your name—giving you more control over your funds and helping your clients easily recognise your account when sending payments.
Simplify client payment reconciliation
Looking to streamline bank reconciliation? With iBanFirst, you can easily match incoming payments with your bank transactions and automate the proof of payment between your accounting software and our platform.
A partner you can trust
Secure and reliable above all
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Use our iBanCheckerFrequently asked questions
What fees can I expect at 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.
Can I hold multiple currency accounts at iBanFirst?
Yes, iBanFirst offers the possibility to open multiple accounts in 25+ currencies online.
You can convert money at the real-time exchange rate between these accounts with a low conversion fee set in advance. Additionally, iBanFirst offers a complete overview of the costs involved in exchanging any given currencies before completing a transaction.
What does the process of opening an account look like?
Opening an account with iBanFirst is a 100% paperless process.
- Fill out the account opening form to be contacted by an iBanFirst adviser.
- Send us the documents identifying your company and its beneficial owners.
- Our customer support team will set up your account so you can be up and running right away.
- You will need to activate your iBanFirst account by making a first transfer from your main bank account.
- Your account will be ready to use upon receipt of this activation transfer.
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.
Do I need a physical address in the U.S. to open a Local USD collection account?
You don't need a physical address in the U.S. to open this type of account.
Are there any benefits if my customers are using iBanFirst?
Yes, if your clients are also using iBanFirst, payments are processed instantly.
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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 350, 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.