Account Opening
Our client onboarding procedure
Is fully digitised, allowing global clients to complete the process entirely online. There is no requirement for physical presence, ensuring convenience and accessibility regardless of your location. This streamlined approach enables you to efficiently meet all onboarding requirements remotely, saving time while maintaining the highest security and compliance standards.
Access to IFB Banking begins with Qualification.
Our services are reserved for clients whose operational discipline, financial structure and strategic readiness meet our standards.
1. Before We Proceed
- We assess every prospective client to determine whether IFB’s framework is appropriate for their ambitions.
- Our solutions generate superior outcomes only for entities and private persons that meet clearly defined criteria.
We value your time - and ours - and therefore ensure alignment from the outset.
2. Who Qualifies for an IFB Account
IFB accounts are selectively issued, not automatically granted.
We work most effectively with clients who:
- Already operate with verifiable revenue streams (corporate) or demonstrable assets (private).
- Exhibit consistent decision-making and an ability to implement without delay.
- Require international banking, treasury, or multi-currency infrastructure with institutional reliability.
- Appreciate long-term, disciplined, compliance-driven financial stewardship.
Clients who need weeks or months to “explore options,” or who are uncertain about their intended usage, typically fall outside our operating model.
3. The Qualification Dialogue
After reviewing your initial submission, our compliance and onboarding teams conduct a brief assessment to determine alignment.
- If your profile fits our criteria, we will inform you that IFB appears to be an appropriate platform for your objectives.
- At this point, the question becomes: Does IFB Banking correspond to the standards and ambitions you hold for your financial operations?
4. Confirmation
Should you choose to proceed, we confirm one essential condition:
- To maintain institutional efficiency, we work exclusively with clients who act promptly.
- Are you prepared to complete onboarding within the coming days?
“Of course, you are entirely free to take more time. We engage only with clients who proceed when they are fully certain.”
Onboarding Procedure in 8 Steps
Compliance Paperwork
- Download the Account Opening Form (other download links here and here), fill the form with your data and sign on each page.
- Append a copy of your Passport and any proof of residence (utility bill / bank statement, max 3 months old) and
- in the case the account shall be opened for a company, as well as the copy of your Company Documents (i.e. Company Registration / Certificate of Incorporation and Beneficial Ownership Declaration)
- Source of Funds Declaration
- together with a page informing us what you specifically want to do with your account.
- Kindly submit all documents specified in points 1-5 together for review by emailing them to [email protected], [email protected], or [email protected]. Alternatively, transfer your files with WeTransfer or upload them to your own OneDrive, Dropbox or Google Drive and email us the corresponding download link or upload them to our secure server. Upon retrieval of your submission, you will receive formal confirmation from us that the documents have been successfully downloaded.
- Upon acceptance, you will be issued an initial email containing further directives. You are required to remit the Account Opening fee (non-refundable) of €25.000,00 (twenty-five thousand Euro) per SWIFT, RTGS (including Fedwire, T2, etc.), RTP or crypto-transfer here within a 72-hour window, in accordance with the payment details provided in the email to activate your account (no other alternative transfer methods are permitted as per our KYC and compliance protocols).
IFB applies a one-time onboarding and account activation fee of EUR 25 000 to cover the regulatory, compliance, and operational work required to establish a private banking relationship. Each client is onboarded individually, with enhanced due diligence and senior-level review, rather than through automated processes.
This approach delivers a range of practical advantages and private banking privileges to the client:
Enhanced Transactional Capability and Operational Certainty
- Accounts validated for higher transaction volumes from day one, enabling meaningful inbound and outbound transfers without incremental approvals.
- Reduced risk of payment delays, freezes, or post-transaction queries, particularly for international and high-value transfers.
- Greater acceptance by correspondent banks, improving execution quality across payment corridors.
Priority Private Banking Treatment
- Dedicated relationship management from inception, rather than post-funding escalation.
- Priority handling of instructions, including payments, amendments, and exceptional requests.
- Direct access to senior operational and compliance staff for time-sensitive or complex matters.
Reduced Friction Over the Life of the Relationship
- Fewer recurring documentation requests, as source-of-wealth and activity profiles are established comprehensively at onboarding.
- Lower likelihood of future account restrictions triggered by changes in transaction size or frequency.
- Greater continuity during routine reviews, audits, or regulatory cycles
Structuring and Customisation Benefits
- Private banking structuring from inception, including appropriate account configuration, permissions, limits, and reporting.
- Early alignment of services with the client’s intended activity, avoiding later reconfiguration delays.
- Flexibility to accommodate evolving requirements, such as increased volumes, new jurisdictions, or additional services.
Access to Broader Private Banking Services
- Cross-border banking coordination for clients with international financial activity.
- Liquidity and cash management advisory within the private banking framework.
- Discretionary and non-discretionary wealth solutions, where applicable.
- Priority access to specialised services, including escrow, custody, precious metals, or bespoke arrangements, subject to suitability.
Real Confidentiality and Discretion
- Senior-level review instead of automated decisioning, ensuring proportionality and commercial understanding.
- Controlled handling of sensitive information, reducing unnecessary internal or third-party exposure.
- Relationship-based decision-making, rather than rigid system-driven outcomes.
In practical terms, the onboarding and account activation fee allows IFB to deliver a fully operational, transaction-ready private banking account, with enhanced privileges, reduced friction, and priority service from the outset, rather than requiring incremental approvals and adjustments after activation.
8. Following the activation of your accounts,
- after receiving the Account Activation Fee, it is imperative to transfer the requisite Minimum Balance, per SWIFT, RTGS (including Fedwire, T2, etc.), RTP, per credit card here or via crypto-transfer here (no other alternative transfer methods are permitted as per our KYC and compliance protocols) within sixty (60) calendar days from the date of account activation and to be maintained for a minimum duration of one year (I.e. refundable after one year), to ensure your account is fully operational and in good standing.
- Where the minimum balance is not transferred within the 60-day activation period, the account may be subject to operational limitations or placed into a restricted or dormant status, in accordance with IFB’s internal policies.
- The minimum balance must be maintained at all times in your accounts, and the one-year period shall commence only once the Minimum Amount has been fully funded and remains continuously on deposit throughout that period.
- Amounts exceeding the Minimum Amount may be freely transferred at any time.
Minimum Balance to be kept minimum one Year
- All client accounts are comprehensively configured to facilitate SWIFT, SEPA, RTGS, and RTP transfers.
- Upon successful activation and contingent upon maintaining the account in good standing, clients may subsequently request the activation of further capabilities, including KTT, API, IPIP, S2S and L2L functionalities.
Account Application
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Scheduling a videoconference with us
Prospective clients seeking to schedule a video conference with us, kindly use the following scheduling module.
- If you are a Politically Exposed Person (PEP), please follow the designated link.
- Alternatively, if you are acting as a facilitator or intermediary in the transaction of your client, kindly proceed via the appropriate link provided.
- If you require consultation, wish to discuss verification or validation procedures with IFB, seek advice on utilising a fund, bond, or other financial instruments to finance your project or transaction, or wish to explore topics such as securing your wealth with IFB prior to becoming our client, we warmly invite you to schedule a videoconference using the link provided here.
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