What can you do with the iBanFirst API?
Our API enables you to:
Open additional accounts in 25 currencies
Process payment orders at scale with or without currency conversion
Track SWIFT payments with automated payment tracker links
Execute FX trades – Get real-time quotes and execute spot FX trades between your currency accounts
Manage beneficiaries – Create and delete beneficiaries (your accounts in other banks or payees)
Access account information – Retrieve balances, account details, and transaction IDs
Reconcile payments – Access financial movement history, trade details, and upload invoices
Set up webhooks – Receive real-time notifications for transaction updates (payments awaiting signature, incoming payment etc.) without the need for periodic polling
Please note: Integrating our API requires development resources. We can recommend an integration partner to provide you with a quote if needed.
Can I open accounts autonomously via the API?
Account opening via API follows the same rules as the Platform:
· First account in a new currency: it requires an Account Manager approval. Contact your AM to discuss your requirements before the currency can be activated.
· Additional account in an existing currency: Fully autonomous. The account is created instantly via API with no manual approval required.
Can the API initiate a payment with currency conversion?
Yes, both the API and Platform support payments with conversion.
How many payments can I initiate using the API?
You can send payment orders one by one, every 2 seconds (to avoid timeouts)
Can I receive notifications for operations?
Yes, through webhook subscriptions you can receive real-time notifications for one or more event types
e.g.: payments awaiting signature, finalised, cancelled or blocked, spot trades, forward trades and incoming payment
If a webhook notification fails, up to 3 delivery attempts will be made per event.
Can the API manage multi-signature workflows?
Signatures must be completed on the Platform; however, payments created via the API will trigger the multi-signature workflow. The number of required signatures is consistent across all channels (Platform and API).
Can I add beneficiaries via the API?
Yes, with an additional safety approval step conducted by iBanFirst, plus a verification check on the first payment to any new beneficiary.
Verification of Beneficiary (VOP/COP) is optional and can be enabled for beneficiary creation and payment creation. Please note that the verification process can take up to 8 seconds.
Is payment tracking available through the API?
Yes, a tracking link for SWIFT payments is available. If you provide the beneficiary's email address, the payment tracker will be sent to them automatically.
How can I send an invoice or proof of transaction for a payment?
To fully automate payments, you can encode the invoice in binary format and include it in the dedicated API field, eliminating the need for later uploads.
Can I retrieve account statements in MT940 format, for payments reconciliation?
No, but you can access detailed payment confirmations and transaction history. The API can also retrieve your balance at a specific date.
What types of data can I retrieve via the API?
You can retrieve bank details, download and upload beneficiary IDs and invoices, and access your financial movement history.
Can I use the iBanFirst API on a website?
Yes, the API can be used in both front-end and back-end applications. We recommend deploying a "Backend For Frontend" pattern. We support cross-origin resource sharing (CORS) to allow secure interaction with the API from client-side web applications.
How do I set up an integration with the iBanFirst REST API?
Developer documentation is available here: iBanFirst API Documentation →
How do I create credentials for my external developer?
You can autonomously generate a token for "read-only" actions via Settings > Users > Services.
To create a token with write permissions and advanced rights, please contact your Customer Success Manager.