Easily transfer funds between subsidiaries

Yes. iBanFirst allows businesses operating through multiple subsidiaries or legal entities to manage their currency accounts and payments within the same platform.

With a single set of login credentials, you can access all your iBanFirst company accounts and switch between entities instantly. Each entity keeps its own accounts, data, permissions, and approval workflows, ensuring clear separation while giving you centralised visibility.

Yes, you can use the iBanFirst API to initiate bulk payments directly from your accounting software or use Isabel 6 or EBICS if you have subsidiaries in France, Germany or Belgium.

With iBanFirst, you can configure payment limits, multi-level approvals and custom user permission rights. You can even configure granular access rights for users across different entities.

Additionally, iBanFirst offers dual authentication via our mobile app to carry out sensitive operations on the platform.

As a regulated payment institution, iBanFirst follows strict rules to safeguard your money. Our regulatory framework ensures that we maintain rigorous procedures to protect client funds, giving you confidence in the security of our services.

For instance, under the PSD2 directive, funds must be segregated from the payment institution's own funds and held in a separate bank account set aside solely for client money. In the unlikely event that iBanFirst encounters financial difficulties or becomes insolvent, your money will remain fully secure and protected in one of these accounts.

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.