Foreign Exchange (FX) Payments and Receipts

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.

• 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

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.

• 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.