Receive payments in your clients' currencies

A multi-currency account allows businesses to hold, send, and receive funds in different currencies without opening separate local bank accounts.

With an iBanFirst multi-currency account, companies can open accounts and hold balances in 25 currencies, each with its own account details and dedicated account number, avoiding the administrative burden of setting up and managing accounts with multiple banks.

You don't need a physical address in the U.S. to open this type of account with iBanFirst.

Yes, if your customers and suppliers are also using iBanFirst, payments are free and processed instantly.

You can pull transaction data and proof of payment from your iBanFirst account to your accounting software, making it easy to match and reconcile incoming and outgoing payments.

Yes, you can receive payments from major marketplaces and payment platforms into your iBanFirst account.

No, your customers can use any account type to pay into your iBanFirst account.

Transfers between iBanFirst accounts are instant.

For euro payments within the SEPA zone, funds are available in less than 10 seconds through instant incoming payments.

For international payments in other currencies, funds typically arrive within 1-3 business days, depending on the complexity of the routes, how many intermediary banks and time zones the funds pass through, and local cutoff times. Find out more about international payment speeds.

iBanFirst offers named (individual) accounts. Each account is registered in your company's name, so when your clients or suppliers send you payments, they'll see your business name as the account holder. This provides better clarity and trust compared to pooled accounts, where multiple companies share the same IBAN and are distinguished only by payment references.

A local IBAN makes it easier and faster for incoming payments from customers and subsidiaries and outgoing payments to suppliers. Having a local IBAN means your account details have all the characteristics of a locally issued IBAN, such as the country code and length. Payments with local IBANs can be processed as if they were domestic transfers rather than international ones, helping to reduce fees and build trust with customers and suppliers.