PNC’s Multicurrency Account Plus offering is an enhanced multicurrency account that provides U.S.-based organizations and their subsidiaries conducting business in Europe access to an International Bank Account Number (IBAN). This IBAN facilitates the collection of the Euro (EUR Account Plus) and/or Great British Pound (GBP Account Plus) via local payment systems in Europe.
PINACLE, PNC’s top-rated corporate online and mobile banking portal, gives you access to account reporting, initiation of international and domestic wire transfers from accounts held at PNC and other foreign banks, and USD-equivalent balances for foreign currency accounts. You can also enter ad hoc rates for sensitivity analysis.
Through a network of key banks located in Europe, PNC’s Gateway Services serves as an intermediary between you and the selected bank to streamline the account opening process and reduce the impact of language and regulatory barriers. You can access reporting and make transfers via PINACLE®.
PNC can introduce you to correspondent banks that can meet your local bank account needs in Europe and around the world.
Exchange rate fluctuations may increase the cost of international goods and/or reduce the value of foreign currency revenue, which can significantly impact your budget. On the other hand, sourcing or selling products or services in a foreign currency, rather than U.S. dollars, may be advantageous and can help improve your competitive position.
When capital needs require international reach, PNC Business Credit UK can deliver seamless Cross Border lending for companies in the UK, U.S. and Canada.
PNC Business Credit UK is a leading provider of senior secured financing for both sponsor and privately owned mid-sized companies and our flexible capital solution can help power efficiencies and growth. Learn More »
Harris Williams, an investment bank specializing in M&A advisory services, collaborates as one firm to advise and advocate for clients worldwide through critical milestones and during the lives of their business to strategically create value.
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