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Manage international investments
Many international payments generate excessive fees and foreign exchange commissions, negatively impacting your profit margins. iBanFirst lets you regain control of your international transactions, with instant multicurrency payments, competitive rates and transparent pricing, all secured with the click of a button.
Send reliable wire transfers in any currency
Without an experienced partner, transfers and foreign exchange transactions can result in delays in payment or reconciliation. iBanFirst lets you regain control, with instant multicurrency payments, competitive rates and transparent pricing, all secured with the click of a button.
Reduce your FX risk exposure
Investments made in foreign currencies leave you exposed to FX market volatility between deal stages. iBanFirst offers currency hedging solutions with varying durations and degrees of flexibility, reducing currency risk in accordance with the specific nature of each transaction. After closing, you can hedge the underlying asset for the lifespan of the investment, mitigating risks and enhancing realisable value.
Aggregate all your accounts in one place
PISP accreditation means you benefit from an overview of your iBanFirst multicurrency accounts, as well as those held at other banks, thereby simplifying accounting consolidation. A singular overview also makes it easier to review all accounts relating to the investment vehicle you manage.
Gain competitive, transparent rates
Many international payments generate excessive fees and foreign exchange commissions, negatively impacting your profit margins. iBanFirst lets you regain control of your international transactions, with instant multicurrency payments, competitive rates and transparent pricing, all secured with the click of a button.
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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.
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.
How is iBanFirst regulated?
iBanFirst is regulated as a payment institution (as per the European directive PSD2) and has been licensed by the National Bank of Belgium since 2013 under registration number 0849.872.824.
iBanFirst is authorised to operate in 30 countries of the European Economic Area, as per the free provision of services European directive.
As a licensed payment institution, iBanFirst is authorised to:
- Manage accounts
- Receive and execute payments
- Execute currency conversions linked to payments
- Set up foreign currency risk hedges linked to payments
- Grant loans linked to payments
- Connect to bank accounts (AISP)
- Initiate payments from bank accounts (PISP)
PSD2 strictly regulates how payment institutions, such as iBanFirst, operate and manage client funds and payments.
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.