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:
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.
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.
We'll find a branch near you. You can also visit the locations page or contact us.
Enjoy convenience and buying power when you need it, and track your expenses while you do it.
Simplify the payment process by having your card sales deposited into your business checking account.
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