Want to see the iBanFirst platform in action?
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.
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's a complete overview of all our fees.
Unlike most corporate banks, iBanFirst does not charge any fees to open an account or 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.
How can iBanFirst help close international acquisitions?
When a deal closes, funds must move quickly between custodian banks, escrow accounts, and the seller’s bank account.
iBanFirst helps PE and VC firms centralise funds, convert currencies at transparent FX rates, and dispatch payments to sellers, ensuring the financial leg of the transaction runs smoothly alongside the legal closing process.
How can investment firms manage FX risk on international investments?
Exchange rate fluctuations can affect the value of investments, exit proceeds, and fund performance when deals involve foreign currencies.
iBanFirst works with firms to design a bespoke FX risk management strategy, using forward payment contracts to manage currency exposure over the life of the investment.
Can iBanFirst support large cross-border transactions?
Yes, iBanFirst regularly supports high-value transactions linked to acquisitions, exits, and capital distributions.
Investment firms benefit from direct access to FX specialists and dedicated account managers who help structure and execute large international transfers efficiently.
Are my funds secure with iBanFirst?
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 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.