Foreign Exchange
PNC offers a full range of FX services
Foreign Exchange (FX) Payments and Receipts
Foreign Exchange
Reference Materials
International Payments and Receipts Product Sheet
Utilize the Best Currency for Your Transactions
Global business transactions often require you to make and receive payments in currency other than U.S. dollars. Importers are frequently invoiced in foreign currency and need the ability to pay foreign vendors in local currency, and exporters can gain a competitive advantage by billing in local currency. PNC’s dedicated team of senior foreign exchange consultants can help you determine the most efficient method for managing your international payments and receipts.
Foreign Currency Transfers and Check Collection Services
Online Foreign Exchange Payments
PINACLE® FX offers a secure, online foreign exchange management tool with access to real-time rates for making spot payments and forward hedges. It can reduce the time, effort and cost of initiating and paying for foreign exchange transactions. The system also allows for transferring foreign currency to or from multicurrency accounts held at PNC.
- Buy and sell currency spot or forward contracts.
- Make payments from your multicurrency account.
- Enter all payment information online for quick and efficient processing.
- Access robust reporting, including file upload capability.
Voice (operator assisted)
- Leverage a toll-free number to initiate domestic and international wire transfers and foreign drafts. A PNC representative prompts you to provide all of the information necessary to properly execute a transfer
- Initiate all wire transfers securely — a Personal Identification Number (PIN) is required for all transactions
Online Funds Transfer
PINACLE’s Funds Transfer module allows you to initiate both domestic and international wire transfers — in U.S. dollars and foreign currency.
- Initiate Fed wire, international payments in U.S. dollars and foreign currency, book transfers, drawdowns and federal tax payments.
- Self-administer setup and assign functions that each user is authorized to perform.
- Establish repetitive instructions online (real-time update) without the exchange of documentation with PNC.
Foreign Checks
- PNC can process and exchange foreign- denominated checks under a cash letter or through collections processing.
- A PNC FX specialist can assist you in determining the best method to achieve improved cash flow efficiency.
Contact Us
PNC's Foreign Exchange Sales and Trading Desks
Atlanta: 1-855-852-4700
Boston:1-888-627-8703
Charlotte: 1-855-543-4026
Chicago: 1-866-245-4696
Cleveland: 1-800-622-7400
Denver: 1-844-763-0006
Detroit: 1-800-362-1066
Indianapolis: 1-800-622-7410
Milwaukee: 1-844-290-1442
Philadelphia: 1-888-627-8703
Pittsburgh: 1-800-723-9106
Washington, D.C.: 1-877-856-6957
Important Legal Disclosures & Information
Allocation of Callable Securities Your account may contain “callable” securities, which allow the issuer to repurchase or redeem the securities by a specified date. In the event of a partial redemption or call of securities by the issuer, PNC Capital Markets LLC will allocate among its customers, the securities being selected as called, on a fair and impartial basis through a randomized lottery system. If your account contains callable securities subject to a partial redemption or call, the probability of your securities being selected as called is proportional to the holdings of all customers of such securities held in bulk by PNC Capital Markets LLC. Notwithstanding the foregoing statements, PNC Capital Markets LLC will further ensure equitable allocation of the callable securities by excluding itself as well as its interested persons from the lottery system when the redemption is made on terms that are favorable to PNC Capital Markets LLC; and including itself as well as its interested persons in the lottery system when the redemption is made on terms that are unfavorable to PNC Capital Markets LLC.
The information contained herein (“Information”) was produced by an employee of PNC Bank, National Association’s (“PNC Bank”) foreign exchange and derivative products group. Such Information is not a “research report” nor is it intended to constitute a “research report” (as defined by applicable regulations). The Information is of general market, economic, and political conditions or statistical summaries of financial data and is not an analysis of the price or market for any product or transaction. This Information is for general information purposes only and is not intended as legal, tax, accounting, or financial advice, or recommendations to sell currencies or securities or to engage in any specific transactions and does not purport to be comprehensive. Under no circumstances should any Information be used or considered as an offer or solicitation of an offer to participate in any particular transaction or strategy. PNC is a registered service mark of The PNC Financial Services Group, Inc. (“PNC”). 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.
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.
Bank deposit, treasury management and lending products and services are provided by PNC Bank, Member FDIC.
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