U.S. Bank's foreign drafts help you provide prompt payments in foreign currencies, which means your payees have access to funds much sooner than if they had received a check drawn on a bank located in the U.S. These drafts are drawn on one of U.S. Bank's correspondent banks located in the country of the payee - enabling your clients to present the draft for immediate payment. U.S. Bank Foreign Exchange Web(FX Web) foreign drafts give you a convenient and accurate means to create your foreign drafts at your own office without having to visit the bank.
Notice: Foreign-denominated funds are subject to foreign currency exchange risk. Customers are not protected against foreign currency exchange rate fluctuations by FDIC insurance, or any other insurance or guaranty program.