iBanFirst broker Accounts

iBanFirst Account Type

　　iBanFirst offers a versatile range of accounts tailored for small and medium-sized enterprises (SMEs) engaged in international transactions. The primary account type available is the Business Account, which allows companies to hold and manage funds in over 30 currencies. This account supports various payment methods, including SEPA and SWIFT, enabling users to send and receive payments globally. Additionally, iBanFirst provides currency accounts that allow businesses to convert and manage multiple currencies with competitive exchange rates and transparent fees.

iBanFirst Broker Account Opening Process

　　Opening an account with iBanFirst is a fully digital and streamlined process designed for ease of use. Heres a step-by-step guide:

• 　　Eligibility: Any 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 based on the country of origin, business activity, or origin of funds.

• 　　Account Opening Form: Fill out the online account opening form on the iBanFirst website to initiate contact with a sales representative.

• 　　Documentation Submission: Provide necessary documentation, including:

• Company registration certificate
• Identity documents for the authorized persons
• Proof of address
• Shareholder structure chart identifying ultimate beneficial owners (UBOs)

• 　　Compliance Review: iBanFirst's compliance team will review your application and conduct KYC (Know Your Customer), AML (Anti-Money Laundering), and CFT (Counter Financing of Terrorism) checks.

• 　　Account Setup: Once approved, your account manager will set up your account, ensuring you can start using it quickly.

• 　　Activation Transfer: To activate your account, you need to make an initial transfer from your main bank account. This transfer must originate from an account in your companys name held at a bank in the European Economic Area (EEA).

• 　　Timeframe: The entire process usually takes about 3-5 days but can be expedited to as quick as one day for companies with straightforward structures and complete documentation.

　　For more details, visit the iBanFirst website: iBanFirst