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Why iBanFirst?
Experience next level cross-border transactions with iBanFirst's unique combination of groundbreaking technology and FX expertise, designed to empower your business to operate seamlessly across borders.
The problem
A crippling reality for small and medium-sized businesses
In today's fast-changing world, agility is no longer a best practice but a requirement. And yet, when it comes to cross-border transactions, SMBs are often met with red tape in the form of prohibitive fees, slow and fragmented processes, and unpredictable currency exchange rates. That's where we come in.
The solution
A new kind of power to take on the world
By taking the complexity out of currency transactions, we give you the power to make the world your playing field. Collect, convert and send funds efficiently across 140+ countries while protecting your business from currency market volatility. Take your business further with ease.
Currency transactions minus the effort
Out with outdated and complex currency conversions and payments, in with fast and worry-free cross-border transactions.
Fair and transparent pricing, always
Access highly competitive exchange rates in real time. No hidden fees, ever.
Mitigate risk, foster agility
Secure your margins. Implement a winning hedging strategy with the support of our FX experts.
Live faster than you think
No implementation dwell time. You'll be up and running in a matter of days.
The iBanFirst engine
powered by
Powerhouse infrastructure
Our extensive network of local and international banks and FX partners allows us to use the fastest and most cost-effective cross-border payment routes for your business, every single time.
Unparalleled expertise
With our skilled FX specialists working as an extension of your team, we help you navigate FX market intricacies with confidence and make well-informed decisions for your business.
Unmatched technology
Technology is at our core. With best-in-class engineering, we've built the world's most intuitive international payments and currency exchange platform.
10,000+
clients worldwide
350+
employees
1.5
billion euros processed per month
140
countries covered
Industry-recognised expertise
Technology Fast 50
Winner in the fintech category
Europe’s 1,000 Fastest Growing Companies
Payments Tech of the Year
A partner you can trust
Secure and reliable above all
Frequently asked questions
Are iBanFirst services available for individuals too?
iBanFirst specialises in offering SMEs the best possible solution for their needs. Therefore, we do not offer the same scope of services to private entities. However, in cases of significantly larger private transactions (real estate purchases, for instance) it is possible to open a non-commercial account with iBanFirst.
For specific inquiries, feel free to contact us directly.
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.
What fees can I expect to pay with 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.
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.