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Pay suppliers abroad in their local currency
Remove risk from international transactions and improve relationships with key suppliers, wherever they may be.
Pay on time
Without an experienced partner, transfers and foreign exchange transactions can result in delays in payment or reconciliation. With iBanFirst, you can open nominative currency accounts, with individual IBANs guaranteeing transaction security and quality.
Manage FX risk
FX market volatility poses a threat for businesses. Risk hedging solutions are not readily available and are often reserved for international banks' currency trading desks. iBanFirst offers flexible currency hedging solutions to all clients, accessible through a user-friendly platform.
Track your payments in real time
With the Payment Tracker, tracking international payments has never been easier. Both you and your beneficiaries can track any payment end-to-end, in real time. This heightened transparency enhances supplier relations, with all parties able to stay on top of payment statuses at all times.
A partner you can trust
Secure and reliable above all
Useful tools
Evaluate your savings on bank fees
Which hedging strategy is right for your business?
Verify an International Bank Account Number
Use our iBanCheckerFrequently asked questions
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:
- Instant – payments between iBanFirst accounts are instantaneous (and free of charge!)
- RTGS – payments with the RTGS (Real-Time Gross Settlement) speed option are received by the beneficiary's bank in as little as one hour during business hours. Please note that depending on the beneficiary’s bank, payments may then take a little bit longer to be actually credited to the account.
- Express – payments with the Express speed option are usually credited to the beneficiary's bank account within 24 hours.
- Standard – payments with the Standard speed option are usually credited to the beneficiary's bank account within two to three business days.
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:
- Bank transfer initiation through open banking
- Standard bank transfer
- SEPA direct debit
Click here to learn more about how you can credit your iBanFirst account.
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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.