We have a variety of foreign exchange (FX) products and services for businesses seeking a competitive edge in international markets. From international payments to risk management strategies, our FX advisors have the global expertise to help you run your business effectively and minimize your risk in foreign markets.
Foreign Currency Accounts
We offer various Foreign Currency Deposit accounts to fit your international business activities. If you are looking to make and accept payments in foreign currencies, we can develop strategies to help you maximize your global cash position.
The Foreign Currency Demand Account is a non-interest bearing account that enables you to make transactions in the foreign currency without having to convert funds. This type of account can reduce the costs associated with foreign exchange transactions.
Benefits
* There are substantial risks to almost all investments. Prior to entering into the foreign currency market, we encourage you to understand the factors that influence the currency market and the risks that are involved. These investments are subject to FX market risk and the possible loss of principal. Foreign Currency Demand Accounts and Foreign Currency CDs are FDIC insured to the regulatory limits. FDIC insurance covers against loss due to failure of the institution, but not due to fluctuation in currency values. FDIC insurance does not cover losses associated with those risks. For more information about the risks of foreign currency deposit accounts, please contact an East West Bank foreign exchange advisor. You may request a copy of the "Foreign Exchange Risk Disclosure Statement" for more details.
Our Foreign Currency CD offers competitive foreign interest rates and enables you to maintain a foreign currency balance without having to open a bank account in a foreign country.
Benefits
* There are substantial risks to almost all investments. Prior to entering into the foreign currency market, we encourage you to understand the factors that influence the currency market and the risks that are involved. These investments are subject to FX market risk and the possible loss of principal. Foreign Currency Demand Accounts and Foreign Currency CDs are FDIC insured to the regulatory limits. FDIC insurance covers against loss due to failure of the institution, but not due to fluctuation in currency values. FDIC insurance does not cover losses associated with those risks. For more information about the risks of foreign currency deposit accounts, please contact an East West Bank foreign exchange advisor. You may request a copy of the "Foreign Exchange Risk Disclosure Statement" for more details.
Asia Pacific
Chinese Renminbi - CNH
Australian Dollar - AUD
New Zealand Dollar - NZD
Hong Kong Dollar** - HKD
Singapore Dollar** - SGD
Japanese Yen - JPY
Eurozone
British Pound - GBP
Euro - EUR
Swedish Krona - SEK
Swiss Franc - CHF
Hungarian Forint - HUF
Denmark Kroner - DKK
Americas
Canadian Dollar - CAD
Mexican Peso - MXN
**Foreign Currency Certificates of Deposit (FXCD) is not available in these currencies.
Foreign Currency Bank Notes
If you or your employees are regularly traveling abroad, having local currency on hand can help keep business travels productive. Our foreign currency exchange service is available nationwide at all East West Bank branch locations with many commonly used foreign currencies ready for same-day pickup. And if you return with excess money, we will buy it back from you for U.S. dollars.
We Offer
Note: East West Bank will buy foreign currency from you at the prevailing exchange rate determined by the Bank.
This service is available at all East West Bank branches. A service fee applies. Some transactions may be subject to additional terms and conditions.
Greater China Global Services
We recognize the importance of having banking capabilities in Greater China. East West Bank’s array of foreign exchange products and services offer you the tools and flexibility to build your business through our network of international offices. Our focus is on helping you make your goals a reality.
Non-Resident Accounts
The internationalization of RMB continues to unfold and conducting business in China is becoming more accessible. If you have business activities in Mainland China, East West Bank can help facilitate your cross-border banking and trade settlement needs. Our network of subsidiary banks in Mainland China and Hong Kong enables companies without a physical presence in China to settle their international payment needs using an RMB Non-Resident Account (NRA). We can assist you with all facets of the account opening process.
On-Shore Collateral, Off-Shore Loan Program
East West Bank offers a distinctive program that is designed to provide credit facilities to Foreign-Invested Enterprises (FIE) secured by Standby Letter of Credit. As many FIEs lack credit history and operating experience, this program will help an FIE obtain financing and bridge the gap between joint ventures.
The credit facilities can be used as short- or long-term debt to income-generated investments and are not applicable to individual or personal use.
Lending programs, including rates and terms, are subject to change without notice.
