Commercial Foreign Currency Exchange Services

Dynamic support for today's global market

Boost your international trade options with currency exchange services

Our commercial foreign currency exchange services, support and advice can help you enhance your ability to conduct business, manage your cash flow and protect your bottom line.

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Benefits

Advantages of foreign currency exchange services

Spot transactions

Lock your funds transfer to a current rate of exchange. These are typically used for immediate delivery of funds. Most currencies are delivered in 2 business days. Take advantage of good, prevailing rates.

Forward contracts

Foreign exchange services help you purchase or sell a specified amount of a foreign currency at a future date and at a set exchange rate. If exporting, you can lock in an exchange rate prior to your receivables coming due to help protect against a depreciating currency. If importing, you can establish a fixed value for payables, thereby securing your profit margin.

FXEnvoy

Introducing First Citizens FXEnvoy

First Citizens FXEnvoy allows users to execute real-time payments in most major and emerging market currencies, and view or print transaction receipts online. You'll also have direct access to your multi-currency account, if applicable.

  • Execute spot and forward trades, swaps and drawdowns
  • Get real-time foreign exchange rates
  • View multi-currency account—or MCA—balances and initiate wires
  • View account statements, receipts and payment histories
  • Access state-of-the-art security features
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How FXEnvoy works

Watch this brief video to learn how to simplify your international payments with First Citizens FXEnvoy, an easy-to-use foreign currency exchange payment platform.

Watch the First Citizens commercial foreign currency exchange FXEnvoy video

If you're involved in international trade, you know that currency rates change frequently. Now you can simplify your international payments with First Citizens FXEnvoy, an easy-to-use foreign exchange payment platform.

Let's take a closer look. Our landing page puts information at your fingertips with a weekly economic calendar and market announcements. To help your business compete in the global marketplace, FXEnvoy's online foreign exchange payments system provides access to real-time foreign exchange rates and direct execution of payments in more than 80 currencies, all through a single secure system.

With FXEnvoy, you'll not only enjoy fair and competitive exchange rates while minimizing third-party bank fees, but also improve efficiency with the ability to easily execute spot and forward trades, swaps and drawdowns. With FX Spot, you have access to all major and minor currency pairs. You can see real-time quoting and lock your funds transferred to a current exchange rate. Provide detailed transaction instructions with just a few clicks. Easily manage beneficiaries, users and notification preferences, and view account statements and transaction receipts with ease and efficiency.

Whether you're actively involved in international commerce or just starting out, First Citizens FXEnvoy gives you the support you need to conduct business, manage your cash flow and protect your bottom line. To learn more, please contact us today. 1-866-FCB-4BIZ, InternationalBanking@FirstCitizens.com or FirstCitizens.com/business/services/international.

MCAs

Benefits of multi-currency accounts

Multi-currency accounts, or MCAs,DD make it easier to manage inbound and outgoing foreign currency wires and help expand business outside the US.

  • Deposit foreign transactions into an MCA, limiting your exposure to market fluctuations
  • Conduct outgoing wiresD
  • Choose when funds get converted into US dollars
  • Pay your foreign vendor out of your MCA to manage funds more effectively
  • Get FDIC insurance protection on your foreign transactions
  • Integrate with FXEnvoy so you can view balances, print statements and reconcile transactions from the convenience of your computer
Foreign Currency

Make business and travel abroad secure and simple

Get the foreign currency you need to do business in other countries.
Learn more about our foreign currency services
Remote Deposit Capture

Deposit money from anywhere

Deposit checks remotely for faster processing and extended deposit hours.
Learn more about Remote Deposit Capture
FAQ

People often ask us

A foreign currency exchange rate is the rate at which one type of currency will be traded for a different currency in the foreign exchange market. Rates are affected by economic activity, market interest rates, gross domestic product and unemployment rates in the countries around the world.

Foreign Currency Banknotes is a service that facilitates the purchase and sale of foreign currency (paper money). We offer this service at every branch. Clients and non-clients can ease travel delays and stress by obtaining foreign currency before traveling overseas and exchanging foreign currency for US dollars after they return.

We buy and sell foreign currency from more than 70 countries.

We also offer international wire transfers in USD and over 70 different currencies

FXEnvoy is our online international payments client portal that empowers businesses with a fast, efficient and secure method for facilitating international business from the convenience of their computers. It offers real-time FX rates, FX payment and risk management solutions as well as our new multi-currency accounts in a secure online environment.

Sending an international payment online with FXEnvoy is a simple process that can take less than a minute. Just book your FX transaction online and apply your beneficiary's payment instructions. Once you book your exchange rate, it's locked in and won't fluctuate prior to delivery.

International wire transfers are more efficient than foreign drafts, and funds are usually available immediately upon receipt by the beneficiary.

IBAN stands for International Bank Account Number. It’s a domestic account number standard for all retail and commercial payments in the European Union. A growing number of other countries have also adopted this same format for routing domestic payments. IBANs are assigned by foreign banks to their customers and can consist of up to 34 alphanumeric characters.

Our payment platform has a built in IBAN validation that will let you know if the IBAN is not valid.

We utilize multiple layers of security in order to help safeguard your confidential information including two-factor authorization and maker-checker functionality for templates and payments.

Insights

Expand your international banking knowledge

Multi-currency accounts are available in selected major currencies. To open an account or learn more, visit your local First Citizens branch.

There's a fee of $25 per wire.

Account openings and credit are subject to bank approval.

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.

Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.