Foreign Exchange

BB&T offers a wide range of FX and international treasury products and services that help you mitigate risk and do business efficiently and effectively around the globe, including:

BB&T Online FXAccess Trading

Seeing opportunities and responding quickly before they disappear is essential to success in the foreign exchange market. FXAccess is a highly secure trading platform that allows users to execute real-time currency trades through the BB&T website. Users can:

• Execute spot and forward trades, swaps and draw downs
• View transaction histories and all open contracts
• Create templates for repetitive wires

Foreign Currency Deposit Accounts

Similar to money market accounts, Foreign Exchange Deposit Accounts are interest-bearing accounts that can be set up to contain most major foreign currencies. These accounts enable companies to hold and pool foreign currency receivables for future use and:

• Take advantage of higher interest rates available in other currencies
• Create a hedge to protect against currency rate fluctuations
• Reduce the risk of exchange rate losses when paying and/or receiving currency

Foreign Check Processing

BB&T International Services can clear foreign checks, in either US dollars or foreign currency, and make sure you receive timely credit to your accounts. As part of a global correspondent bank network, BB&T offers a full range of foreign check processing services including:

• Foreign clean check collection
• Cash letter service

FX Market Guidance

Our knowledgeable team of foreign exchange specialists offers personalized hedging strategies and common sense market guidance to help your company minimize risk and succeed in today's international marketplace.

Foreign Currency Bank Notes

BB&T offers the ultimate convenience in obtaining foreign currency bank notes for your trips abroad. Whether you're going on vacation or on a business trip overseas, you can order all major currencies at your local BB&T branch.

Our specialists can help advise you on the spot market and forward or future market. We'll help you initiate or receive payments and transfer funds around the world with international wire transfers and foreign drafts through the extensive BB&T correspondent banking network. We can also help you determine how to best use Foreign Exchange Hedge Transactions in an overall international risk management strategy to mitigate your company's FX exposure.

Spot Transactions

BB&T offers international funds transfer options designed to help your company route payments to and receive payments from anywhere in the world.

International Wire Transfer

• Payments are electronically transmitted to your overseas account or to your designated trade partner.
• Foreign currency payments are cleared through one of our correspondent banks.

Foreign Draft

• Payments are made in check form denominated in foreign currency.

Hedge Transactions

An FX Hedge Transaction, or Forward Contract, is an agreement between your company and BB&T in which BB&T commits to buy or sell a foreign currency against US dollars, or another foreign currency, at a specific exchange rate for a fixed settlement date or window of dates in the future.

These contracts allow your company to lock in your imported goods costs and to fix your yield on receivables, while also offering a means to protect currency-sensitive balance sheet items.

The Daily FX Update provides opening indicative spot exchange rates and relevant market news. You can have the Daily FX Update delivered to your email inbox when you sign up for our mailing list.