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Fast, efficient processing and reporting

Buying and selling internationally requires an all-hands-on-deck approach. Our team of skilled international experts can act as an agent on your behalf to process international transactions safely, securely and efficiently.



Benefits of our Foreign Collections services include:

  • Complimentary collection forms for the seller.
  • Automatic tracing capabilities so that you always know the status of your transaction.
  • Transaction reporting processes that are designed with your needs in mind.

Documentary Collections

In collections, banks involve themselves in handling documentation given to them by the customer (seller) and act as an agent to collect payment. In the case of buying merchandise, the bank acts as an agent in processing the payment for the customer (buyer).

This type of transaction is common when the buyer and seller have had a long-term relationship and have developed a level of mutual trust.

We have the expertise to process the documents so that the payment can take place efficiently. This type of transaction is less costly than the letter of credit.

Direct Collections

In direct collections, the seller will prepare and mail the documents to the overseas bank that has been nominated by the buyer. Please contact us and we will be happy to set you up with this type of transaction. This method saves time and also reduces the bank fees.

Advantages:

  • Collection forms are provided to the seller at no charge.
  • The bank has automatic tracing capabilities.
  • Reporting of transactions are designed to fill your needs.

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