At iBanFirst, we offer competitive, transparent foreign exchange rates and fees.
Unlike most corporate banks, iBanFirst does not charge commissions or fees on currency conversions.
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.
The only fees applied by iBanFirst are payment fees. Payment fees are fixed, but vary depending on the payment network, instructions, and speed. They are clearly shown when creating a payment and selecting the different payment options.
Companies under the minimum annual threshold of €100,000 of currency conversions bear a €50 fixed fee per year as well as 0.5% fee on incoming payments.
Other ad-hoc fees might apply to handle exceptions and special requests.
Click below to download the pricing grid: