Foreign Exchange Solutions
Foreign Exchange Solutions
Streamline your international transactions with our comprehensive Foreign Exchange solutions
If you do business overseas, you need to transfer funds in a secure and efficient manner. With Commerce Bank’s global network of correspondent banks and our Foreign Exchange solutions, we provide you with the capability to send and receive payments virtually anywhere in the world.
Foreign Exchange Services
eFX Online Web Portal
eFX is a web-based foreign exchange platform that allows you to efficiently manage your foreign exchange payments within Commerce Connections®. Take advantage of competitive, real-time foreign exchange rates with the convenience of sending payments electronically.
Visa B2B Connect
Visa B2B Connect from Visa® provides your organization with an alternative cross-border payments network without the complexity of leveraging correspondent banking processes. Gain access to transparent, faster cross-border payments without intermediary bank fees.
Foreign Exchange Hedging
Commerce Bank offers your organization the ability to hedge foreign exchange (FX) market risk. Our experienced FX professionals are ready to help you examine your options.
Our hedging offerings include:
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Foreign Currency Accounts (FCAs)
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FX Forwards and Window Forwards (Time Options)
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FX Options
Incoming & Outgoing Foreign Exchange Wire Transfers
Commerce Bank can aid with international money transfers by sending funds in over 75 currencies and receiving foreign currency payments in 14 currencies that are sent to your organization via the Society for Worldwide Interbank Financial Telecommunications (SWIFT).
Foreign Check Processing, Cash Letter & Collection Services
Process accounts receivable payments from virtually anywhere in the world.
Let Commerce Bank help your organization clear foreign currency checks and collect international debts on your behalf.
The Commerce FX team is exceptionally supportive and responsive to our treasury needs. If a question needs answering or help is needed, there is consistently someone available to provide support.”
Trends & Insights
Small business banking specialists share year-end planning tips for owners.
Small business banking specialists emphasize the importance of starting year-end planning early, recommending that owners review financials, apply tax strategies, enhance operational efficiency, assess staffing, invest in customer relations, and prioritize cybersecurity to set up for success in the new year.
A crowning achievement
Benco Dental's implementation of a supplemental AP card program through Commerce Bank not only doubled supplier enrollment and revenue share within six months, but also significantly improved cash flow by reducing reliance on checks and enhancing flexibility in payment options for suppliers.
