Foreign Exchange Deposit Accounts and Canadian Services

A foreign exchange deposit account can enable you to:

• Hold and pool foreign currency receivables for future needs.
• Take advantage of higher interest rates that may be available in other currencies.
• Gain better control over cash flows.
• Create a hedge vehicle to protect against currency fluctuations.
• Reduce the risk of exchange rate losses when paying and/or receiving denominated payments.

Fixed-rate time deposits are also available upon request in many foreign currencies.

If your company has ongoing Canadian operations, this service offers you the convenience of conducting your Canadian banking directly through our partner institution.

BB&T clients can leverage cost savings and service afforded by our long-standing relationships with our Canadian correspondents. We also offer services designed specifically for companies doing business across the Canadian border.

Take advantage of:

• Wire transfers
• Check issuance
• Check deposit
• ACH transmission
• Online Banking