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Fees and commissions
François Cosnier avatar
Written by François Cosnier
Updated over 2 months ago

Fees and Commissions

At iBanFirst, we provide competitive and 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, 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 over the phone.

The only fees applied by iBanFirst are payment fees. These fees are fixed but vary depending on the payment network, instructions, and speed. They are clearly displayed when creating a payment and selecting the different payment options.

Click below to download the pricing grid:

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