Currency exchange for businesses
Does your company transfer money in different currencies? If it does so through your bank, you have significant currency exchange expenses. Our service drastically reduces them and saves you money without having to change your accounting processes.
- ✅ Transparent margin: Tiered margin capped at 0.4%, with no hidden transfer fees.
- ✅ Operational flexibility: Unlimited creation of transit Swiss IBANs for each supplier.
- ✅ Rate lock: Option to lock an exchange rate for 24 hours, on request.
satisfied customers
CHF securely processed
saved per customer on average, annually
ibani for businesses at a glance
Discover why CFOs and accountants choose ibani to optimize their company's currency management in Switzerland.
📋 Simplified accounting
The IBANs provided by ibani are transit accounts. They are not considered deposit accounts and therefore do not require any specific declaration or entry in your company's balance sheet.
💸 Margins divided by 10
Unlike commercial banks, our model applies a clear decreasing margin (from 0.40% to 0.15%) on the real interbank rate. Ideal for paying your international supplier invoices.
⚙️ Cross-border salaries
Automate the conversion and transfer of your cross-border employees' salaries in Euros directly to their foreign account, without international transfer fees (SWIFT).
🛡️ Cash flow security
As a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognized by FINMA, ibani also lets you lock an exchange rate for 24 hours on simple request, for example to pay an invoice.
Cheaper than your bank
Our exchange rates are radically better than banks, including the preferential rates that they may offer to their larger corporate clients.
Compare
Simple and transparent rates, no hidden costs
Our only revenue is a small decreasing margin, from 0.40% to 0.15% depending on the amount, which we take on each currency exchange operation. It's up to 10x cheaper than a bank!
With ibani you have absolutely no other cost. No transfer or processing fees, no account opening, maintenance or closing fees, nothing at all!
See ratesSwiss IBANs in your name
With ibani, you create transfer routes between a source bank account and a destination one. We assign a unique Swiss IBAN to each of those routes, which you can then freely use and without restriction to transfer money in different currencies.
You can create as many IBANs as you need. They are not bank accounts, so you don't have to declare them in your company's tax reports.
Account to account currency exchange
If your company owns several bank accounts in different currencies - whether in Switzerland or abroad, you can use ibani to minimize your exchange costs when making transfers between those different accounts.
On request, we can add support for additional currencies with our service. Don't hesitate to contact us to ask.
See our currenciesSalaries of cross-border workers
Do you hire cross-border workers? Give a significant advantage that won't cost you a cent. Our service helps you pay their salaries in Euros directly to their foreign bank account, at the best exchange rate of the market.
Automatic or manual currency exchange
By default, each transfer that we receive on your ibani IBANs is processed on receipt, converted and transferred out to the destination account.
But if you prefer, you can switch your IBAN in manual mode. Funds received will be in standby (up to 30 days) until you manually trigger the currency exchange at the moment you choose.
Rate lock on request
Need to know the rate before paying an invoice? On request by email or phone, ibani locks the exchange rate for 24 hours. With the manual mode of the mobile app, you also choose when the conversion takes place, within 30 days.
How it works
1. Create your business account
You provide the information required to create your business account in our mobile app, or by email if preferred.
2. Create a first IBAN
You define a transfer route by providing a source bank account, a destination one, and their respective currencies. We then assign it an IBAN within 48h.
3. Transfer funds
Once your IBAN is active, you can freely transfer funds to it without restrictions. They will be converted upon reception or at your signal, then transferred out to the destination account.
Financial intermediary affiliated with an SRO
ibani SA is a FinTech company established in 2018 in Geneva, Switzerland. We are a financial intermediary audited for our activity, with a track record of thousands of clients and transactions.
ibani SA is affiliated to SO-FIT as a financial intermediary within the meaning of article 2 para. 3 of the Anti-Money Laundering Act (AMLA).
SO-FIT is a self-regulatory organization recognized by the Swiss Federal Financial Markets Supervisory Authority (FINMA).
Frequently Asked Questions for Businesses
Have a question?
Our team is at your disposal by email or on the phone (Monday to Friday) to help your business with its currency operations.
Page authored by Brice Delhome, ibani team.