Commercial Foreign Currency Exchange Services

Dynamic support for today's global market

Use foreign exchange services to help protect profitability

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.

Let's start a conversation

Foreign Exchange Services Benefits
Advantages of converting your foreign payments

Send wire payments at the day's prevailing rates

Lock your funds transfer to a current rate of exchange.D These are usually used for wire payments that need to be sent the same day. Most currencies are delivered in 1 to 2 business days. Also take advantage of competitive exchange rates.

Lock in rates for payments due in the future with forward contracts

Purchase or sell a specified amount of foreign currency on a set future date, at an agreed-upon rate. If exporting, you can lock in an exchange rate prior to your receivables coming due as a way to protect against a depreciating currency. If importing, you can establish a fixed value for payables to better secure your profit margin.

Choose your foreign currency

We can send payments in more than 70 currencies across the globe. Request dual invoices in both US dollars and the local currency of your supplier, and send in the most cost-efficient manner when payment is due.

Foreign Currency Exchange Services Benefits
Have cash on hand for your international travel needs

Get service, whether or not you bank with us

We can service both customers and non-customers for all paper, or banknote, transactions.

Explore convenient online services

Online ordering and home delivery of banknotes are available for all account holders.D

Get the right currency for where you're headed

We buy and sell more than 70 currencies across the globe through foreign currency exchange services.

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
Log In to FXEnvoy , Opens in a new tab

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,D 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 up to $250,000 on multi-currency accounts
  • Integrate with FXEnvoy so you can view balances, print statements and reconcile transactions from the convenience of your computer

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, or paper money. We offer this service at every branch. Clients and nonclients 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 80 countries. We also offer international wire transfers in USD and offer exchange services for more than 80 currencies.

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.

An international bank account number, or IBAN, is a domestic account number standard for all retail and commercial payments in the European Union. Several other countries have also adopted this format for routing domestic payments, which are assigned by foreign banks to their customers and can include up to 34 alphanumeric characters.

Our payment platform has a built-in IBAN wire transfer validation that lets you know if the IBAN isn't valid.

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

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.

Unless the beneficiary has specifically requested US dollars, it may be beneficial to send your payment in the local currency of the beneficiary. US dollars sent to an account that is denominated in a foreign currency may take longer to be received and may incur higher bank charges than if you send the local currency.

Insights
Expand your international banking knowledge

International Banking

Make FX hedging part of your strategy

Learn how business can take greater control over currency exposure and strengthen financial performance.
Well-designed repatriation frameworks that include FX hedging can transform this unavoidable exposure into a managed process that protects earnings, supports capital planning and demonstrates disciplined financial stewardship.
International Banking

Consider integrating FX budget rates into your FP&A process

Discover the advantages of incorporating FX budget rates into your financial planning and analysis.
Foreign exchange budget rates are the starting point of FX risk management.
International Banking

Controlling global operating expenses

Navigate the nuances of global operating expenses with our FX risk advisory briefing on the state currency option prices and cycles.
Unlike forward contracts, options can offer protection from rising foreign operating expenses due to unexpected currency shifts while allowing companies to benefit if currency prices improve.
explore more international banking insights

Account openings and credit are subject to bank approval.

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.

Additional fees apply and are disclosed at the time an order is placed.

First-Citizens Bank & Trust Company, as well as its divisions, subsidiaries, and affiliates (together, First Citizens), are US financial institutions and provide products and services to non-US clients on a cross-border basis from the United States of America. First Citizens is not licensed or regulated as a bank or any other type of financial institution outside of the United States of America. Please review our International Disclosures for more information.

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.

Third parties mentioned are not affiliated with First-Citizens Bank & Trust Company.

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

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