Easily transfer funds between subsidiaries

Yes, you can manage multiple entities and subsidiaries from the iBanFirst dashboard.

You can configure payment limits, multi-level approvals and custom user permission rights. You can even configure granular access rights for users across different entities.

Additionally, iBanFirst offers dual authentication via our mobile app to carry out sensitive operations on the platform.

As a regulated payment institution authorised by the National Bank of Belgium, iBanFirst follows strict rules to safeguard your money. Our regulatory framework ensures that we maintain rigorous procedures to protect client funds, giving you confidence in the security of our services.

For instance, under the PSD2 directive, funds must be segregated from the payment institution's own funds and held in a separate bank account set aside solely for client money. In the unlikely event that iBanFirst encounters financial difficulties or becomes insolvent, your money will remain fully secure and protected in one of these accounts.

iBanFirst is best suited for SMBs that regularly manage financial flows between multiple entities, subsidiaries, and office locations across different currencies and jurisdictions. It's particularly well-suited for businesses with annual FX volumes above €200,000 looking for a single platform to move money between entities, pay suppliers, protect themselves against currency fluctuations, and maintain clear cash flow visibility across borders.

You can pull transaction data and proof of payment from your iBanFirst account to your accounting software, making it easy to match and reconcile incoming and outgoing payments.