BULLDOG75: AN EXAMPLE OF A "MULTI-CURRENCY ACCOUNT" TO HELP SIMPLIFY YOUR FOREIGN CURRENCY TRANSACTIONS
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(Dinar Recaps Note: We post this for informational purposed only. Please consult with YOUR advisers first.)
AN EXAMPLE OF A "MULTI-CURRENCY ACCOUNT" IS BELOW. READ AND FILTER CAREFULLY. SEEK YOUR CHOSEN BANK OF CHOICE AND KNOW ONE'S OPTIONS.
Multi-Currency Accounts (MCAs) from (YOUR CHOSEN BANK) help simplify your foreign currency transactions. Deposit foreign receivables, accumulate foreign funds to meet payables requirements, and transfer funds from U.S. dollar accounts or foreign bank accounts by check or wire.*
How you benefit
Easy and convenient deposits and withdrawals. Make deposits through wires or foreign cash letters. Make withdrawals by draft, wire, or global ACH.
Increased availability of your foreign currency balances. Sweep funds automatically to your (CHOSEN BANK) U.S. dollar operating account.
No unnecessary foreign exchange conversions. By avoiding foreign currency exchange, MCAs can help you streamline your accounting procedures and minimize your foreign exchange risk.
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We have accurate and timely account updates. View balances through our Foreign Exchange Online and Treasury Information Reporting (TIR) services, available through our Commercial Electronic business portal.
Many currencies are supported. We offer MCAs in 32 currencies.
Interest rate: varies by currency
No minimum balance required
For information on how our Multi Currency Accounts can help your business, call /contact us. Learn more about our international services.
* Deposits maintained in an MCA are held at a location outside of the U.S. As such, they are not eligible for federal deposit insurance.
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