IFX Payments is a global provider of foreign exchange, payment, and financial technology solutions, offering multi-currency accounts, mass payments, and API connectivity across 90+ currencies.
| Feature | Personal Currency Exchange |
|---|---|
| Monthly Fee | - |
| Annual Fee | - |
| Minimum Balance | - |
| Fee Currency | GBP |
| Free ATM Withdrawals | - |
| Billing Model | Custom |
| Free Tier | No |
| Description | Personal FX service with dedicated specialist for large transfers, property purchases, sending money abroad, and managing international savings. No hidden fees. |
| Feature | Multi-Currency Business Account |
|---|---|
| Monthly Fee | - |
| Annual Fee | - |
| Minimum Balance | - |
| Fee Currency | GBP |
| Free ATM Withdrawals | - |
| Billing Model | Custom |
| Free Tier | No |
| Description | Single IBAN supporting 40+ currencies with sub-accounts, virtual IBANs, Swift/SEPA/FPS access, user permission controls, and no automatic conversions. |
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IFX Payments (via their ibanq platform) offers: (1) API — A dedicated payments API is confirmed, supporting individual and bulk cross-border payments in 60+ currencies, with features including simple beneficiary management, real-time status updates, account reporting, currency exchange tools, and robust validation. No monthly API fee is mentioned. (2) Bulk/Mass Payments — Explicitly confirmed; supports batch transfers in 60+ currencies to suppliers, staff, and partners globally. No maximum batch count stated. (3) Multi-currency accounts — Send and receive in 40+ currencies (inbound) and 60+ currencies (outbound) from one account with a single IBAN. (4) FX/Currency Exchange — Spot contracts, forward contracts, market orders, and stop-loss strategies available via brokerage team. Dedicated account manager and transparent pricing mentioned. (5) Personal FX service also offered alongside business FX. NOT mentioned or confirmed: multi-user/team access or roles, expense management, receipt scanning, accounting software integrations (e.g. Xero, QuickBooks), corporate/virtual cards, invoicing, payment gateway for merchants, approval workflows, or scheduled/recurring payments. URL signals suggest virtual IBAN and multi-currency account resources exist but no additional feature detail was accessible.
| Route | Fee Structure | Min/Max |
|---|---|---|
| Not Available | Free(N/A) | No limit No specific transfer fee data available for the Multi-Currency Business Account. IFX promotes 'no hidden bank charges or unexpected fees' and 'transparent pricing' but does not publish explicit fee schedules. Pricing is quote-based via a dedicated account manager. |
No card information available
IFX is an FCA-authorised Electronic Money Institution (EMI) regulated under the Electronic Money Regulations 2011 (EMRs 2011) and Payment Services Regulations 2017 (PSRs 2017), compliant with PSD2 requirements effective from 13 January 2018. As an EMI, customer funds are safeguarded via segregated accounts rather than deposit insurance (FSCS does not apply). No explicit details on encryption standards, 2FA methods, SOC 2, or bug bounty programs were disclosed in the available page content. PCI DSS compliance is assumed given payment services operations involving card networks.
Avg response: ~1 min
London/Amersham: +44 (0)20 7495 8888; Dubai: +971 (0)4 495 8900
Submit an enquiry form available on the contact page. A member of the team will be in touch shortly.
London: 33 Cavendish Square, London W1G 0PW, UK (+44 (0)20 7495 8888); Dubai: Unit 31-46 Central Park offices, DIFC (+971 (0)4 495 8900); Amersham: Chalfont Court, 5 Hill Avenue, Amersham HP6 5BB, UK (+44 (0)20 7495 8888); Warsaw: WorkIN, ul. Senatorska 2, 00-075 Warszawa, Poland
Facebook: https://www.facebook.com/ifxpayments/; LinkedIn: https://www.linkedin.com/company/ifxpayments
IFX Payments support portal hosted at ifx.ladesk.com (helpdesk/knowledge base platform).
IFX issues a Virtual IBAN where all currency balances share the same IBAN (is_pooled=true). Sub-accounts can be created and assigned named IBANs for different entities or subsidiaries. FPS (Faster Payments) explicitly listed as a supported payment rail. UK-based platform with UK customer service team.
IFX issues a Virtual IBAN where all currency balances share the same IBAN (is_pooled=true). SEPA explicitly listed as a supported payment rail. Sub-accounts can be created and assigned named IBANs for different entities. Funds can be held in EUR and exchanged when FX rates are favourable. Country code defaults to DE per extraction rules as EU entity jurisdiction not specified on page.
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IFX Payments is a global provider of foreign exchange, payment, and financial technology solutions, offering multi-currency accounts, mass payments, and API connectivity across 90+ currencies.