eFXTSM – Online Foreign Exchange
To operate a global business you need the capability to make and receive payments in currency other than U.S. dollars. The PrivateBank provides an efficient and easy way to process these foreign exchange transactions in the form of eFXTSM.
eFXTSM is a online foreign exchange payment platform which provides access to real-time foreign exchange rates for making spot and forward currency payments. By streamlining your operations you can reduce the time and effort required for processing foreign exchange transactions.
Online Foreign Exchange Payments
- Initiate foreign exchange transactions easily
- Choose your preferred method of settlement, including The PrivateBank demand deposit account or Fed wire
- Control access by assigning rights and scope of activity privileges to your employees
- Save time and reduce errors by eliminating manual entry of payments by establishing template payment instructions
eFXTSM Features
- Access to live exchange rates
- Buy and sell foreign currency on a spot or forward basis
- Preloaded settlement instructions
- Easy to view foreign exchange reporting
To learn more about eFXTSM, please contact us at 312.564.1255 or fx@ThePrivateBank.com*.
