Account Opening
Our client onboarding procedure
Our client onboarding procedure is fully digitised and conducted remotely, without any requirement for physical presence. Availability is subject to jurisdictional eligibility: IFB determines in each case whether the requested services may lawfully be provided to the applicant in the applicant’s jurisdiction.
This streamlined approach enables you to efficiently meet all onboarding requirements remotely, saving time while maintaining the highest security and compliance standards.
IFB does not solicit banking business in jurisdictions in which such solicitation or provision would require an authorisation or establishment not held by the Bank. International clients may approach IFB on their own initiative, and any request will be considered individually subject to applicable law, jurisdictional eligibility and regulatory approval.
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 6 Steps
Compliance Paperwork
Declaration of own initiative
By downloading and submitting your application, you confirm that you are approaching IFB on your own initiative, and that you have not been individually solicited by IFB, or by any introducer, facilitator or intermediary acting for IFB, to apply for the banking services requested, except where such solicitation is permitted under the law applicable to you.
You further confirm that you have read the Bank’s Jurisdictional Notice and the General Terms and Conditions of Business, and that acceptance of your application remains subject to jurisdictional eligibility, compliance review and approval by the Bank.
1.
Onboarding Formulary
Download the Account Opening Package (Account Opening Form and General Deed of Pledge and Assignment), fill in the form fields and sign on each page.
IFB does not solicit banking business in jurisdictions in which such solicitation or provision would require an authorisation or establishment not held by the Bank. International clients may approach IFB on their own initiative, and any request will be considered individually subject to applicable law, jurisdictional eligibility and regulatory approval.
Trading Clients
Clients who
- intend to trade financial instruments through their account, or to
- mandate the Bank with instrument issuance,
additionally download and sign the Trading Account General Conditions and the Trading Volume Contract. Your Trading Volume is agreed individually with the Bank and recorded in the Contract - the trading fees under the General Conditions are calculated on this agreed volume.
2
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)
3
Append a Source of Funds Declaration (SFD)
together with a page informing us what you specifically want to do with your account.
4
Kindly submit all documents specified in points 1-3 together for review by uploading them to our secure server, emailing them to legal@infiba.com, legal@bafiin.com, or admin@intfiba.com.
Alternatively, transfer your files with WeTransfer or upload them to your own OneDrive, Dropbox or Google Drive and email us the corresponding download link.
Upon retrieval of your submission, you will receive formal confirmation from us that the documents have been successfully downloaded.
5
Upon acceptance of your application, you will be granted initial access to your account and will receive an initial email containing your account access information, payment instructions and further directives.
To activate the account for full operational use, you are required to remit the non-refundable Account Opening Fee of €25,000.00 (twenty-five thousand euros) within 72 hours of receipt of the initial email, strictly in accordance with the payment instructions provided therein.
Payment may be effected by SWIFT, RTGS (including Fedwire, T2 and equivalent recognised real-time gross settlement systems), RTP, or cryptocurrency transfer, where expressly provided for in the payment instructions.
For KYC, AML and compliance purposes, no alternative payment or transfer method will be accepted.
Upon receipt and successful verification of the Account Opening Fee, the account activation process will be completed in accordance with the Bank’s applicable onboarding and compliance procedures pending the Minimum Balance transfer (see point 6 below).
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.
6
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
Trading Clients
Where you have signed the Trading Account General Conditions and the
Trading Volume Contract, the Bank countersigns your Contract and
returns your copy upon account activation. Trading is enabled once
the Contract is in force and the trading fees under clause 14.4,
calculated on your individually agreed Trading Volume, are settled.
Increases or renewals of the Trading Volume are agreed by a new
Contract at any time.
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.
Please take note of which fees will be applicable. To review them, please click here.
Thank you
Trading Clients
Where you have duly executed the Trading Account General Conditions and the applicable Trading Volume Contract, the Bank will activate the trading facility upon activation of your account.
Trading will be enabled once the Trading Volume Contract has entered into force and all applicable trading fees pursuant to Clause 14.4, calculated on the basis of your individually agreed Trading Volume, have been received and settled in full.
Any subsequent increase, extension or renewal of the agreed Trading Volume may be arranged at any time by entering into a new Trading Volume Contract with the Bank.
Account Application
Submission of an application does not constitute an offer by IFB to provide banking services and creates no entitlement to an account or banking relationship
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.
Note
The Bank does not review, approve or comment on transaction documents to which it is not a party, issues confirmations only for its own account holders in respect of accounts held with the Bank, and requires no payment of any kind in advance of funding. See Third-Party Documentation and Bank Confirmations.