Remove risk from international transactions and improve relationships with key suppliers, wherever they may be.
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.
How long does a payment take to arrive in the recipient's bank account?
iBanFirst offers a comprehensive range of payment speeds to allow companies to choose what best fits their needs.
Payment speeds can be selected when creating a payment. Available payment speeds depend on the beneficiary account, bank and country.
Payment speeds range from Instant to Standard:
Please note that payment speeds are not guaranteed and that actual payment speeds might vary depending on factors such as regulatory and compliance checks, payment cut-off times, as well as intermediary banks involved in the process.
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 anyone initiate a payment from the platform?
No, iBanFirst offers dual authentication with username, password and a time-based code to carry out sensitive operations on the platform. Additionally, iBanFirst offers multi-signature accounts and payments. Users can choose to set this option up to execute payments that require multiple signatures.
How can I credit my iBanFirst account?
iBanFirst accounts are nominative accounts with a dedicated IBAN. They can be credited by:
Click here to learn more about how you can credit your iBanFirst account.
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.