Streamline your European Cash Management
Simplify European Receivables
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.
Optimize your International Cash Flow
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.
Set Up In-Country Accounts
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®.
Get Introductions to Correspondent Banks
PNC can introduce you to correspondent banks that can meet your local bank account needs in Europe and around the world.
Develop Foreign Exchange Strategies
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.
Lending and M&A
Access to Cross-Border Financing
PNC Business Credit UK is a leading provider of cash flow lending and second lien financing. We believe most companies have strengths that may never appear on a balance sheet or an income statement. Our flexible capital solutions can help you meet your goals.
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Benefit from Experienced M&A Services
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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Contact Us
PNC's offices can provide current insight into the rapidly changing UK and European markets.
Business Credit UK Head Office
We help a wide range of businesses meet their goals by fueling acquisitions, recapitalisations, expansions and turnarounds.
Call Us: +44 (0)1444 475820
Email Us: donedeal@pncbusinesscredit.co.uk
Harris Williams London Office
Harris Williams & Co. is a leading middle market M&A advisor and works with clients worldwide.
Call Us: +44 (0)20 7518 8900
Important Legal Disclosures & Information
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Transatlantic Economy 2014, http://transatlantic.sais-jhu.edu/publications/books/TA2014/TA2014_Vol_1.pdf
Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
