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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

  • No minimum balance (monthly fee may apply.)
  • Liquid - funds settle in 1-2 business days
  • Same day internal transfers
  • Cost savings - eliminate or reduce costs associated with FX
  • FDIC insured*

 

* 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

  • Provides diversification from the U.S. dollar
  • Flexible terms - 1 month to 1 year
  • Some currencies potentially offer higher yields than USD CDs 
  • FDIC insured*

 

* 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.

 

Currencies Offered

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

  • Competitive exchange rates
  • Over 60 currencies available
  • Many currencies available for immediate pickup

 

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.

Visit your local branch for details

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.

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