Unlike most corporate banks, iBanFirst does not charge commissions or fees for currency conversions.
iBanFirst earns a spread on every currency conversion, which is calculated as the difference between the market rate and the client rate. This spread is transparent and is displayed on the web platform or communicated via phone.
The fee structure for payments is fixed, although the amount is determined by the payment network and instructions. They are clearly displayed when creating a payment and selecting the different payment options.
To download the pricing conditions: