Foreign Exchange Services
Bank of Marin can save you time and hassles that can occur with international transactions.
With short notice we can convert your cash into any major foreign currency and can change unused bank noted back into U.S. currency.
Facilitate the transfer of funds, incoming or outgoing, foreign currency or U.S. dollars.
International ACH Transactions (IATs)
Bank of Marin accepts International ACH transactions but does not originate IATs at this time. For more information please visit the Electronic Payments Association website.
Foreign Currency Drafts
For immediate credit with international vendors.
Foreign Check Conversions
Receive credit within a few days on checks drawn on a foreign bank in U.S. currency under $10,000 in value. For checks over $10,000 it may take longer.
International Visa® Debit and Credit Card Transactions
Use your Bank of Marin VISA debit card or credit card worldwide. International exchange fees apply.
Letter of Credit
Bank of Marin can facilitate a letter of credit guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.
Bank of Marin can facilitate this service on behalf of an exporter for collecting and remitting payment for a shipment. The exporter presents the shipping and collection documents to his or her bank (in own country), which sends them to its correspondent bank in the importer’s country. The foreign bank (called the presenting bank) hands over shipping and title documents (required for taking delivery of the shipment) to the importer in exchange for cash payment (in case of ‘documents against payment’ instructions) or a firm commitment to pay on a fixed date (in case of ‘documents against acceptance’ instructions).
Contact us with questions.