Payment system IFX Payments (England)

Corporate and personal accounts (multi-currency).
They can open virtual IBANs with UK details. Individual accounts are intended mainly for currency exchange.

The payment system is focused on servicing European companies. To open an account, an office lease agreement is required in the country of registration.

Up to 38 different currencies can be accepted into the account without any conversion costs.

Tariffs are formed for each client individually.

United Arab Emirates (Dubai), Poland (Warsaw).

Via Internet banking.
Provide individual English-speaking managers.

The minimum account fee -  500 GBP/month.

Incoming payments – 0.75%

Outgoing payments:

• SWIFT SHA - 7 GBP;
• SWIFT OUR - 40 GBP;
• UK GBP (FPS) - 1 GBP;
• EURO (SEPA) - 1 GBP.

Available payments in dollars and from the territory of Ukraine (except occupied).

The process of opening an account consists of two stages: preparatory and directly the stage of opening an account.

The preparatory stage includes the collection and submission of documents required to open an account. The term of the preparatory stage depends directly on you.

The account is opened within 10 business days from the date of submission of all necessary documents and information to the payment system. The consideration period may be extended at the discretion of the payment system.

IFX adheres to the “know your client” principle and in each individual case reserves the right to request additional information or documents, which may lead to an increase in the time for opening an account, and may also refuse to open an account without giving reasons.

Working languages: English, German, and others.

Not available

Documents for the company - you must provide the originals of all statutory documents. In addition, you will also need:

• documents confirming the address of the company not older than 3 months;
• office lease agreement in the country of registration.
   

Documents for the account manager:

• original internal passport;
• original passport;
• original identification code;
• CV-resume;
• original bank recommendation;
• original utility bill (for gas, electricity) no older than 3 months (to confirm the address of residence).
   

Documents for the beneficiary of the company:

• original internal passport;
• original passport;
• original identification code;
• CV-resume;
• original bank recommendation;
• original utility bill (for gas, electricity) no older than 3 months (to confirm the address of residence).

Also, the payment system may request documents confirming the source of income (wealth) of the beneficiary. It can be:

- a certificate from the place of work indicating the salary and an extract from the personal account, which displays the payroll;

- tax returns;

- documents confirming the receipt of the inheritance;

- documents confirming the receipt of funds as a gift, as well as their presence in the accounts;

- documents confirming the sale of movable/immovable property;

- if the beneficiary is the founder of the company - documents for the company, statements from the company's accounts, tax returns, documents confirming the payment of dividends;

- if the beneficiary is a private entrepreneur - an extract from the register, tax returns for the entrepreneur, bank statements;

- a certificate from the bank on the presence of a deposit, as well as documents confirming the source of receipt of these funds;

- other documents showing sources of income.

Documents for the nominee director, shareholder and secretary (when the company uses the nominee service):

• stitching documents under an apostille, including copies of: passport, receipts for utility bills no more than 3 months old and a bank recommendation (if the nominal head, shareholder and secretary are individuals);
• stitching the company's statutory documents under an apostille, including: Certificate of incorporation, articles of association and memorandum of association, protocol on the appointment of a director (if the head is a legal entity). It is also possible that you will need a Certificate of Good Standing under an apostille, a Certificate of Incumbency under an apostille and documents for the director: stitching documents under an apostille, including a copy of the passport, a utility bill no more than 3 months old and a bank recommendation.

You must visit our office to fill out questionnaires, as well as provide documents on the company, directors and shareholders. Further, the documents are sent to the payment system and after approval, an account is opened.