International Banking Services

More and more businesses are dealing in international commerce and looking to their bank for assistance. First Citizens provides a wide range of international banking services:

• Import/Export Letters of Credit
  Letters of credit are the most widely accepted payment mechanism used internationally and are the best method for satisfying the needs of importers and exporters.

• Stand-By Letters of Credit
  Primarily used on a domestic basis, stand-by letters frequently allow you to maintain capital in lieu of placing it on deposit with your vendor.

• Banker's Acceptances
  Acceptances offer an alternative form of financing for importers and exporters whose underlying transactions qualify.

• Foreign Exchange
  For companies whose needs include foreign currency at specified future dates, foreign exchange trading locks in the price of the foreign currency and protects against possible fluctuations.

• Foreign Payments
  Whether dealing with wire transfers or checks, First Citizens can issue and receive foreign payments. These can be handled in U.S. dollars and in many foreign currencies.

• Foreign Collections
  In lieu of letters of credit, some importers and exporters may prefer to send/receive payments against their shipping documents on a collection basis.

Whatever your needs, if it concerns doing business internationally, First Citizens speaks your language.