Want to see the iBanFirst platform in action?
Avoid the hassle of managing separate bank accounts for foreign currencies. Receive payments in 25+ currencies instantly and hold funds as long as you want without needing to convert them right away.
What is an iBanFirst multi-currency account? Can I hold multiple currencies at iBanFirst?
A multi-currency account allows businesses to hold, send, and receive funds in different currencies without opening separate local bank accounts.
With an iBanFirst multi-currency account, companies can open accounts and hold balances in 25 currencies, each with its own account details and dedicated account number, avoiding the administrative burden of setting up and managing accounts with multiple banks.
Do I need a U.S. address to open an iBanFirst Local USD Collection account?
You don't need a physical address in the U.S. to open this type of account with iBanFirst.
Are there any benefits if my customers and suppliers are using iBanFirst?
Yes, if your customers and suppliers are also using iBanFirst, payments are free and processed instantly.
How does iBanFirst help me reconcile payments?
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.
Can I receive Amazon, Stripe, or PayPal payments into my iBanFirst account?
Yes, you can receive payments from major marketplaces and payment platforms into your iBanFirst account.
Do my customers need an iBanFirst account to pay me?
No, your customers can use any account type to pay into your iBanFirst account.
How quickly are incoming payments available in my iBanFirst account?
Transfers between iBanFirst accounts are instant.
For euro payments within the SEPA zone, funds are available in less than 10 seconds through instant incoming payments.
For international payments in other currencies, funds typically arrive within 1-3 business days, depending on the complexity of the routes, how many intermediary banks and time zones the funds pass through, and local cutoff times. Find out more about international payment speeds.
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.