iBanFirst
iBanFirst is a fintech providing cross-border payment solutions and currency risk management for SMEs, enabling international payments and FX transfers in 25+ currencies to 180+ countries.
Account Types
Business Plans
| Feature | iBanFirst Multi-Currency Business Account |
|---|---|
| Monthly Fee | Free |
| Annual Fee | - |
| Minimum Balance | - |
| Fee Currency | EUR |
| Free ATM Withdrawals | - |
| Billing Model | Tiered |
| Free Tier | Available No monthly fee for all users. Fee-free on incoming flows only if annual FX transactions exceed €200,000/year. SEPA transfers are always free. |
| Description | Multi-currency account for SMEs managing cross-border payments in 30+ currencies. No monthly fee; 0.2% fee on incoming flows if FX volume <€200k/year. USD local account costs extra. |
Visit the provider website for detailed plan comparisons and features
Business Features
API is clearly confirmed: iBanFirst offers a REST API for cross-border payments and currency exchange, with capabilities including account/transaction/beneficiary management, payment submission and confirmation, live FX quotes, currency conversion in 30+ currencies, and webhooks for real-time notifications. Authentication uses X-WSSE token-based auth. A demo environment (demo.ibanfirst.com) and live environment (api.ibanfirst.com) are available. API tokens can be scoped per method. Approval workflows are inferred as true based on a URL signal (support article on 'advanced payment validation rules' at /en/articles/23239-setting-up-advanced-payment-validation-rules), suggesting maker-checker or approval flows exist. API fee is not mentioned, defaulting to 0. No evidence found for: multi-user access or team roles, bulk/batch payments, expense management, receipt scanning, accounting integrations (e.g. Xero, QuickBooks), corporate/virtual cards, invoicing, or payment gateway for merchants. The PSD2 API page content was not fetched (JS-rendered). No card types (Visa/Mastercard) mentioned. No pricing or fee structure details available from the fetched content.
Fees & Limits
| Route | Fee Structure | Min/Max |
|---|---|---|
| Internal | Free(instant) | No limit Payments between iBanFirst accounts are instantaneous and free of charge. |
| SEPA (EUR) | Free(1 business day) | No limit SEPA transfers are euro-denominated within the 36-country SEPA zone. Exact fee amounts referenced at ibanfirst.com/fees but not disclosed in scraped content. Fees apply per payment; amounts not available from source pages. |
| SEPA (EUR) | Free(1 business day) | No limit SEPA incoming transfers. Exact fee amounts referenced at ibanfirst.com/fees but not disclosed in scraped content. |
| International (SWIFT) | Free(2-5 business days) | No limit SWIFT OUR option: initiator bears all fees; a fixed amount is charged to the initiator and debited from their iBanFirst account upon payment execution. Exact fee amount not disclosed in scraped content — see ibanfirst.com/fees. |
| International (SWIFT) | Free(2-5 business days) | No limit Incoming SWIFT transfers. Standard USD account receives international SWIFT transfers only. Exact fee amounts not disclosed in scraped content — see ibanfirst.com/fees. |
| Local (EUR) | Free(1-2 business days) | No limit PSD transfer (local EEA payment rail) in EUR. Applies to payments within PSD-zone countries. Exact fee not disclosed in scraped content — see ibanfirst.com/fees. |
| ACH (EUR) | Free(1-2 business days) | No limit NACHA/ACH receive only — available exclusively with a 'Local USD Collection' account (must be requested from account manager). Sending via ACH/Routing Number is not supported. Exact fee not disclosed in scraped content. |
| Wire | Free(same day) | No limit Fedwire receive only — available exclusively with a 'Local USD Collection' account (must be requested from account manager). Sending via Fedwire/Routing Number is not supported. Exact fee not disclosed in scraped content. |
| Fee | Details | Amount |
|---|---|---|
| Transfer Fees | ||
| Internal Transfer Fee | -Per transaction | Free |
| Outbound Sepa Transfer Fee | -Per transaction | Free |
| Outbound Psd Transfer Fee | -Per transaction | Free |
| Outbound Swift Our Fee | -Per transaction | Free |
| Outbound Swift Ben Fee | -Per transaction | Free |
| Outbound Swift Share Fee | -Per transaction | Free |
| Open Banking Transfer Initiation Fee | -Per transaction | Free |
| Other Fees | ||
| Currency Conversion Spread | -Per transaction | Free |
Cards
No card information available
Security & Compliance
Regulation
- Bank of Lithuania (Lietuvos bankas)License: 0849 872 824. Licensed in Belgium. Safeguarding: segregated_accounts.
- Compliance CertificationsPCI DSS
App Security
- Two-Factor AuthenticationNot disclosed
iBanFirst is a Belgian payment institution supervised by the Bank of Lithuania for cross-border services in Lithuania. As a payment institution (EMI), client funds are safeguarded rather than deposit-insured. Processes card payments (Visa/Mastercard) requiring PCI DSS compliance. Security and data protection policy pages were inaccessible (minimal content returned). GDPR compliance expected as an EU-based payment institution. No specific encryption standards, SOC 2, penetration testing, or bug bounty details were available from the provided page content.
Support & Platforms
Customer Support
- Phone
Avg response: ~1 min
iBanFirst contact page references speaking to experts over a call. No specific phone number found in page content.
- Help Center24/7
iBanFirst Help Centre covering topics including getting started, user & account management, making payments, funding & receiving, foreign exchange risk management, automation & integrations, security & compliance, and regional information.
- Contact Form24/7
Contact form available at info.ibanfirst.com/contact-ibanfirst to get in touch with iBanFirst experts for questions about the platform or FX services.
- Social Media24/7
Facebook: https://www.facebook.com/IbanFirstOfficial/ | LinkedIn: https://www.linkedin.com/company/ibanfirst/
- EmailPriority
Customer support team referenced for account setup and general queries. No specific email address found in page content.. Dedicated account manager assigned to each iBanFirst business client, referenced for handling queries such as opening a Local USD Collection account and general account management.
Available Platforms
Eligibility
Residents Can Open Account (30)
Supported Currencies
Local Account Details3 accounts
Local HUF account available since March 5th, 2020. Payment must be sent from a company bank account in Hungary to the local account details. A payment reference (account reference starting with 914xxxxxxxxx) MUST be included in the communication field of the payment, otherwise funds may not be credited and could be returned. Funds credited within 2 business days. Local account details visible under Account > Account details > Local tab.
Local GBP account available since 2021. Payment must be sent from a company bank account in the UK to the local account details. Local account details visible under Account > Account details > Local tab. Beneficiary bank is a local UK bank; payment is sent locally rather than via SWIFT.
Local USD accounts launched May 2023, targeting European SMEs expanding to the US and businesses operating on US marketplaces. Enables receiving revenues from local US sales, instant and free transfers between iBanFirst accounts, and favourable exchange rates. Rapid account opening. Payment must be sent from a company bank account in the US. Local account details visible under Account > Account details > Local tab.