We’re excited to announce our FX Inbound Auto Conversion solution — designed to help you grow your business whilst staying compliant with upcoming FCA safeguarding changes and current Client Money requirements.
From 31st July 2025, when you or your clients receive payments in currencies not directly supported by iFAST Global Bank, we won’t reject it. Instead, we auto-convert to EUR and credit your EUR account
✅ Simple, Compliant
✅ Effective & efficient
✅ Receive funds in 33 currencies
Why You’ll Love It
- Get paid in local currency from international vendors
- No need to manage multiple low volume accounts / FX volatility
- Seamless experience — we do the conversion for you at prevailing foreign exchange rates
- Credit directly to your safeguarding , client money or operational accounts
How to use it?
Simple! Just share the latest SSIs (Standard Settlement Instructions) with your partners. We’ve already uploaded it to the iFAST banking platform for easy access.
Your partners can send payments in 25 different currencies to your EUR account and include the required details as per the SSIs — and we’ll handle the rest.
