U.S. Bank has many solutions to assist you in conducting business internationally. While the following descriptions provide a brief overview of our solutions, we recommend meeting with one of our International Sales Representatives to discuss your unique situation.
Foreign Exchange Services
Worried about booking a transaction overseas only to see your profits evaporate due to an unfavorable exchange rate movement? U.S. Bank offers a comprehensive set of tools to manage your foreign currency risk.1 In addition, several times a year we offer seminars on foreign exchange for companies that have international trade relationships.
ACH is both cost-effective and secure. With ACH you know exactly when your international disbursements clear. You can track your company's cash position accurately and base treasury management decisions on exact information. Using direct transmission or U.S. Bank SinglePoint, you can create ACH transactions and transmit them directly to a Canadian, Mexican or European bank for processing.
International ACH Transactions
View information on the upcoming changes to regulations on the International ACH Transaction (IAT) processing that will go into effect September 2009.
U.S. Bank offers fast and secure wire transfer services for individuals and businesses wishing to make payments internationally. Control cash flow with the convenience of same day and future dated movement of funds directly and reliably.
Send Outgoing Payments
Individuals - to initiate a payment, you must visit your local branch in person and provide the following information:
- The account holder name
- The account number/IBAN number
- The receiving bank's name, address (include city and country) and SWIFT code.
- Any special routing instructions
Corporate or business customers - if you need to send wire transfers on a regular basis, please consult your U.S. Bank representative for information on our various products that allow you to save time and manage your wire transfers from a remote location.
Receive Incoming Payments
If you are receiving an international wire transfer payment, you will need to:
- Provide the sender your name as it appears on your account
- Provide your account number
- Provide the U.S. Bank SWIFT code (USBKUS44IMT)2
Want to see your complete financial position on one Web site, including your foreign bank balances? U.S. Bank SinglePoint® International Balance Reporting lets U.S. based organizations view account summary and detail transaction information for foreign accounts. Access data from foreign banks that have the ability to send S.W.I.F.T. messages (an international messaging standard).
Canadian Checking Account Services 3
Foreign Drafts
Are you looking for an inexpensive, easy foreign currency payment method to pay bills in a foreign currency and make payments in foreign locations available upon receipt of the draft? U.S. Bank Foreign Exchange WebSM (FX WebSM) foreign drafts give you a convenient and accurate means to create your foreign drafts at your own office without having to visit the bank.1
Foreign Check Deposits
Do you receive checks from your business partners overseas? Our foreign check deposit service helps you manage the flow of these transactions. Our extensive correspondent banking network allows us to collect payment on foreign checks deposited to your local account. Foreign currency checks are converted to U.S. dollars at competitive exchange rates.1
For more information on these services, please contact us. |
