Any individual or company with international and foreign exchange payment volumes of more than €200,000 per year is eligible to open an iBanFirst account. Restrictions may apply depending on the country of origin, the activity of the company, or the origin of the funds.

With iBanFirst, you can open accounts in more than 26 currencies, with nominative IBANs that guarantee the security and quality of your payments. 

Go check our Currency Reference Center

At iBanFirst, we offer competitive and transparent foreign exchange rates and fees. Here you can find a complete overview of all our fees applied.

Unlike most corporate banks, iBanFirst does not charge any fees to open an account nor any monthly subscription fees.

iBanFirst earns a spread on every currency conversion, calculated as the difference between the market rate and the client rate. This spread is transparent and shown on the web platform or communicated over the phone.

iBanFirst specialises in offering SMEs the best possible solution for their needs. Therefore, we do not offer the same scope of services to private entities. However, in cases of significantly larger private transactions (real estate purchases, for instance) it is possible to open a non-commercial account with iBanFirst.

For specific inquiries, feel free to contact us directly

IBanFirst is regulated as a payment institution as per the European PSD2 directive, which strictly regulates how payment institutions, such as iBanFirst, operate and manage client funds and payments.

For instance, under the PSD2 directive, funds must be segregated from the payment institution's own funds and held at a custodian bank. Cash reserves must be held to guarantee the payment institution's solvency. Both measures guarantee that, in the unlikely event of iBanFirst’s insolvency, client funds would remain safe and secure and would be returned to the clients.