Who can open an iBanFirst account?
Any business or individual with currency exchange volumes exceeding €200,000 per year is eligible to open an iBanFirst account.
For clients whose volumes fall below this threshold, additional fees may apply.
By opening an account, you commit to:
Complying with all applicable laws and regulations
Not using our services for money laundering, terrorist financing, tax evasion or any other illegal activity
Certain restrictions may apply depending on:
Your company's country of incorporation
Your business sector
The origin of your funds
Complete the account opening form to be contacted by a sales representative.
Fees and pricing
Currency conversions
Unlike most business banks, iBanFirst does not charge hidden fees on currency conversions. Our remuneration is integrated into the spread (difference between buying and selling prices), calculated as the difference between the market rate and the client rate.
This spread is:
Defined when you open your account
Transparent
Visible on the platform or communicated by telephone
Payment fees
They are fixed and transparent and vary according to:
The payment network used (SWIFT, SEPA, etc.)
Payment instructions (OUR, SHARE, etc.)
These fees are clearly displayed when creating a payment. To better understand them, consult this article.
To view all our fees, download our pricing brochure: https://ibanfirst.com/fees