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Business Banking Updates: Instant FX Trading Now Available Across Business Banking Accounts!

Instant FX Trading Now Available Across iFAST Global Bank's Business Banking Accounts!*

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iFAST Global Bank

04 Dec 2024 · visibility 290 views
Say goodbye to delays and extra costs! With iFAST Global Bank, our business banking partners on our Digital Transaction Banking (DTB) platform can now manage accounts and instant* FX seamlessly through a single provider across eight currencies. Enjoy competitive FX rates, same-day fund availability, and enhanced credit interest on balances in eight currencies—all in one place.

No more pre-funding your FX or transferring funds back and forth between business accounts and FX providers. Eliminate the stress of waiting for settlements to meet your clients’ payout deadlines.

Starting 1st November 2024, our DTB platform introduced instant FX trading for iFAST Global Bank’s corporate clients. Cleared funds can be received in as little as one minute post-trade, delivering significant cost savings and efficiency gains.

With 24/7 access to live market rates, customisable tiers based on trade amounts, currencies, and volumes, and the ability to even trade on currency holidays, iFAST Global Bank’s Instant FX Own Account trading resolves a critical pain point for SMEs, EMIs, APIs, and third-party payment providers. This new solution will elevate our banking without boundaries for our DTB clients!

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Business Banking

iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).

iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.

Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.