Which banks support payment initiation through open banking?

The open banking capabilities (external bank accounts synchronisation and payment initiations) are now available in France, Belgium, the Netherlands, and Germany, for the following banks:

Banks	External bank accounts synchronization	Payments initiations	Countries
ABN AMRO	Yes	Yes	BE, NL, DE
ARGENTA	No	No	BE
AXA	Yes	Beta	FR, BE, NL
BANQUE POPULAIRE	Yes	Yes, if Digipass is active	FR
BANQUE POSTALE	Yes	Beta	FR
BELFIUS	Yes	Yes	BE
BNP FORTIS	Yes	Yes	BE
BNP PARIBAS ENTREPRISES	Yes	No	FR
BNP PARIBAS PROFESSIONNELS	Yes	In progress	FR
BOURSORAMA	Yes	No	FR
BRED	Yes	No	FR
CAISSE D'ÉPARGNE	Yes	Yes	FR
CIC	Yes	Yes	FR
COMMERZBANK	Yes	Yes	DE
CRÉDIT AGRICOLE ENTREPRISES	Yes	In progress	FR
CRÉDIT AGRICOLE PARTICULIERS	Yes	Yes	FR
Crédit du Nord	Yes	No	FR
CRÉDIT MUTUEL	Yes	Yes	FR
DEUTSCHE BANK	Yes	Beta	DE
HSBC	No	No	FR
ING	Yes	Yes	FR, BE, NL, DE
KNAB	No	No	NL
LCL	Yes	Beta	FR
Manager One	Yes	No	FR
Paypal	Yes	No	All
POSTBANK	Yes	Beta	DE
QONTO	Yes	No	FR
RABOBANK	Yes	Yes	BE, NL, DE
Revolut (Private)	Yes	No	All
SMC	Yes	No	FR
SOCIETE GENERALE ENTREPRISES	Yes	In progress	FR
SOCIETE GENERALE PARTICULIERS	Yes	Yes	FR
SPARKASSE	Yes	Yes	DE
TRIODOS	No	No	NL
UNICREDIT	No	No	DE
VOLKSBANK	No	No	DE

Are there limits on amounts that can be transferred through open banking?

Each bank sets its own limits on the amount per transaction or per day that you can send by payment initiation through open banking.

If you try to initiate a payment that exceeds the limits set by your bank, an error message will be displayed.

How does iBanFirst connect to my external bank account to initiate a payment?

iBanFirst holds accreditation as a Payment Service Provider in accordance with European Directive DSP2. With your explicit authorisation, this accreditation allows iBanFirst to connect to your bank account to initiate a transfer. You will always be asked to fill in your usual login credentials with your bank to authorise this transfer.

Your credentials are never saved on our system, they are simply passed directly to your bank through a fully secure API. Your bank therefore remains in control of all payments initiated through open banking, enabling you to credit your iBanFirst account quickly and transparently.

iBanFirst uses Klarna’s leading open-banking platform to manage the connection with your bank.

When will the funds be transferred to my iBanFirst account when I initiate a payment through open banking?

The funds will be credited to your iBanFirst account within 24 to 48 hours following the initiation of your payment.