International Payments and Receipts

• With First American, your business can originate and receive payments internationally.
• From drafts and wire transfers, we can help you do more business, more easily... anywhere in the world.

Wire Transfers

• When your money has to be in the right place at the right time, electronic transfers are fast and more reliable than foreign drafts.
• We can wire funds to most countries either in U.S. dollars or foreign currency.
• With Ca$hTrac, our online banking system, you can initiate these transactions while saving money and time – without sacrificing safety and security.
• In addition, your overseas customers may also pay you via an international wire transfer and we will convert the payment into U.S. dollars if necessary.

Foreign Check Clearing

• Doing business internationally often means dealing with checks that are drawn on a foreign bank and in a foreign currency.
• With First American, you can turn those checks into U.S. dollars and receive your funds in a timely fashion.
• Keep in mind that foreign checks can be expensive and can also take a long time to clear.
• We recommend that you ask your customers to pay by wire, which guarantees the immediate availability of funds at a lower cost.

Foreign Exchange Trading

Through our partnership with Wells Fargo Bank, we have the ability to offer foreign exchange trading, including the following instruments:

Spot Transactions

• With spot transactions you can purchase or sell foreign currency for delivery within two business days from the date the transaction occurs.
• First American Bank's Foreign Exchange Trading makes it possible to execute spot transactions in over 50 currencies -- allowing you to pay your overseas vendors in their local currency, at a potentially lower rate of exchange.

Forward Contracts

• A forward contract enables you to purchase or sell a specific amount of foreign currency at an agreed upon exchange rate on a future date.
• These contracts can be a valuable hedge against foreign exchange risk in today’s rapidly changing global economy, allowing you to lock in a rate and remove the risk of future currency fluctuations.

Ca$hTrac Foreign Exchange Module
Not only does First American offer a wide variety of foreign exchange services we also make it possible for you to initiate and track your foreign exchange transactions quickly and easily through our online Ca$hTrac system.

• The FX Module in Ca$hTrac gives you immediate access to online foreign exchange trading and research.
• FX also offers extensive reporting capabilities, and puts you in control with the following features:

Payments
Our FX Module allows you to execute and settle foreign exchange transactions quickly and easily in a secure, real-time environment.

• Execute next-day, spot and forward transactions leveraging a live rate feed.
• View any outstanding as well historical foreign exchange transactions.

Reporting

• FX provides trade and settlement reporting and has the capability of building and saving custom queries.
• This online tool also allows you to view any outstanding foreign exchange deals and monitor daily trade activity updated in near real-time.