Fire vs iBanFirst: what each publishes
As of October 26, 2026, we hold published rules from Fire on 2 of 7 industries and from iBanFirst on 0.
Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.
Where it takes companies from
iBanFirst
- United Kingdom
- EU / EEA (western & northern, plus Spain, Italy, Portugal)
- EU / EEA (Baltics, central & eastern, plus Croatia, Greece, Cyprus, Malta)
The regions its own documents name, read on October 9, 2026
Policy by industry
| Industry | Fire | iBanFirst |
|---|---|---|
| Crypto | No | No published rule |
| iGaming | No published rule | No published rule |
| Adult | No published rule | No published rule |
| Unlicensed financial services | No | No published rule |
| AI and SaaS | No published rule | No published rule |
| Forex and CFD | No published rule | No published rule |
| Marketplace | No published rule | No published rule |
Where owners must live
Fire
No published rule
iBanFirst
No published rule
Rules about countries
Fire
We onboard businesses incorporated in the United Kingdom or Ireland with directors/owners resident and/or citizens of the EU & UK (and other countries available on request).
We onboard businesses incorporated in the United Kingdom or Ireland with directors/owners resident and/or citizens of the EU & UK (and other countries available on request).
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom
iBanFirst
No published rule
Fees
Fire
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Fire Business Account (UK company) | GBP 0 set-up fee ('Set Up Fee') | GBP 10 a month ('Monthly Fee') | · Source |
| Fire Business Account (Irish or other EU company) | EUR 0 set-up fee ('Set Up Fee') | EUR 10 a month ('Monthly Fee') | · Source |
iBanFirst
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| iBanFirst account (Europe except Luxembourg) | Free to open ('Opening fee Free') | None ('Maintenance fees Free'); these prices apply to companies making at least EUR 200,000 of foreign exchange transactions a year, below that a fee on incoming payments may be charged | · Source |
| iBanFirst Limited account (UK) | Free to open ('Opening fees Free') | None ('Maintenance fees Free'); an account is for companies making at least GBP 50k of foreign exchange payments a year | · Source |
| iBanFirst account (Luxembourg) | Not stated | EUR 2,500 a year for each account, as an annual fee ('Price by account'); no monthly fee is listed | · Source |
Closing an account
Fire
15.2 We may close the Business Account or any part of the Fire Services associated with it on giving you 90 days prior notice.
iBanFirst
We may give you two (2) months' notice in writing that your status as a Client has been terminated, but these Terms shall continue to apply to any contract or Trade then in place.
Licence
| Licensee | Fire | iBanFirst |
|---|---|---|
| Licensee | Fire Financial Services Limited (Fire-UK) · EMI authorised by the FCA (FRN 900983) · Fire Financial Services Limited (Fire-EU, Ireland) · payment institution authorised by the Central Bank of Ireland (C58301) | iBanFirst S.A. · payment institution authorised by the National Bank of Belgium · iBanFirst Ltd · EMI authorised by the FCA (FRN 1001629) |
| Regulator | FCA / Central Bank of Ireland · | National Bank of Belgium / FCA · |