The ibanex e-Wallet offers you a new way to securely send, receive or store money with 38 different foreign currencies.
Consumers and businesses purchase goods and services all over the world. However, most of the time they prefer to pay or be paid in their own home currencies. To make this possible we offer a solution that supports multi-currency payments in a wide range of currencies.
An e-wallet is an electronic wallet that acts as multiple bank accounts in one place. You will have access to add 38 global foreign currencies from your online account with ease and no additional account set up for each currency as this will be made freely available to you once you’ve opened an account with us.
You can have your customers send funds to a tier 1 bank account specifically for that currency and is than automatically routed into a sub account which belongs only to you. The account is maintained by our partner company who is a world leading financial payment institution that holds an e-money license with the UK FCA , this is a license one below a banking license. Last year alone we processed a collective £25 billion in foreign currency transactions so you can be sure your funds are safer with us than anywhere else.
You can also convert one currency to another from within the e-wallet, so for example, if you have €500,000 Euros in your euro account but need $120,000 in your US dollar account than this can be done instantly by simply making a conversion.
You can also top up a foreign currency account by placing a currency order through your online account than have the funds sent to us from your business bank account.
It’s an extremely versatile system that makes international banking simple no matter what you want to do.