Overview
IFX Payments, at a glance.
IFX Payments is an e-money institution headquartered in the United Kingdom, regulated by FCA, DFSA. Pricing is agreed with each client. Opening an account takes 3–5 days.
Client money is kept separate from IFX's own funds in safeguarding accounts at authorised banks. Not covered by FSCS deposit insurance.
Why businesses pick IFX Payments
- Dedicated virtual IBANs in your business name, with sub-accounts
- 66 currencies on SEPA, Faster Payments and SWIFT
- A relationship manager on every account
- FX tools: spot, forwards, market orders and stop-loss orders
Watch out for
- No published prices; every account is priced individually
- No debit or credit cards
- Applying starts with an enquiry and a call, not an online sign-up
- No deposit insurance; funds are safeguarded instead
Business fit
Will IFX Payments accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on IFX Payments's published rules
Needs review
IFX Payments works with Financial institutions, but does not publish the countries it accepts companies from.
IFX Payments does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What IFX Payments publishes about the businesses it takes on.
Who IFX Payments serves
- Financial institutions
- Family offices and funds
- Holding companies
Not supported
Industries and countries IFX Payments does not accept, from its own published lists.
Industries
- Adult entertainment
- Casinos
- Cryptoassets
- Money service businesses
- Offshore banking
- Shell companies
- Cash businesses
- Correspondent banking
Countries
- Not published
Coverage
Where can you use IFX Payments?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
66 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- AED
- ARS
- BBD
- BDT
- BHD
- BRL
- BWP
- CLP
- CNY
- COP
- CZK
- DKK
- FJD
- HKD
- HUF
- IDR
- ILS
- INR
- JMD
- JOD
- KES
- KRW
- KWD
- KYD
- LKR
- LSL
- MAD
- MUR
- MXN
- MYR
- NGN
- NOK
- NPR
- NZD
- OMR
- PEN
- PHP
- PKR
- PLN
- QAR
- RON
- RSD
- SAR
- SEK
- SGD
- THB
- TND
- TRY
- TTD
- TWD
- TZS
- UGX
- UYU
- VND
- XAF
- XCD
- XOF
- ZAR
- ZMW
BBD, XCD, JMD, NGN, PKR, PHP and TTD can be received or bought but not sold.
Payment reach
Not published
Who can apply
Company incorporation countries
Not publishedOwner nationality
Not publishedOwner residency
Not publishedCompany types
Not publishedPricing
What does IFX Payments cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
Not published
ibanq account
Custom
Priced for each client
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Not offered | Not available |
| Physical card issue | Not offered | Not available |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Enquiry
Send your company, industry, country and payment needs through the get-started form.
- 2
Specialist call
An IFX specialist discusses your business and the account structure you need.
- 3
Checks and pricing
Complete the compliance checks and agree the account setup, routing and pricing.
- 4
Account live
Access to ibanq, with your virtual IBANs and sub-accounts.
Documents you need
Not published
FAQ
Your questions, answered.
Is IFX Payments a bank?
No. IFX (UK) Ltd is an e-money institution authorised by the UK FCA, reference number 900517. Client money is safeguarded but not covered by FSCS deposit insurance.
How much does an IFX Payments account cost?
IFX does not publish prices. Account, transfer and FX fees are agreed with each client.
Which businesses does IFX Payments not accept?
Its prohibited sectors are adult entertainment, casinos, cryptoassets, money service businesses, offshore banking, shell companies, cash businesses and correspondent banking.
Does IFX Payments offer cards?
No. IFX does not offer debit or credit cards.
Which currencies does IFX Payments support?
Its coverage list has 66 currencies, including EUR, USD, GBP, CHF, AED, CNY and INR. Seven of them can be received or bought but not sold.
How do you open an IFX Payments account?
You send an enquiry, speak with a specialist, complete the compliance checks and agree the account setup and pricing.
Alternatives
How IFX Payments compares.
If IFX Payments is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 IFX PaymentsThis pageE-money institution |   | Virtual IBANsSpecialist FX |
 3S MoneyE-money institution |  | Local IBANsNon-residents accepted |
 PaysetE-money institution | | 35 currenciesHigh-risk industries |
 PayDoE-money institution |   | Dedicated IBANHigh-risk industries |
 WorldFirstE-money institution |  | Marketplace sellersTrade payments |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.