PNC offers a full range of FX services
PINACLE® FX offers you a secure, online foreign exchange payment mechanism with access to real-time rates for making spot and forward currency payments via wire or draft. You can potentially reduce the time, effort and cost of initiating and paying for foreign exchange transactions and you can transfer foreign currency to or from your multicurrency accounts held at PNC.
Multinational corporations face many challenges in managing growth across multiple continents, currencies and accounting systems. Treasury managers can facilitate crossborder settlements among affiliates, which can potentially increase productivity and generate cost savings with a multilateral netting solution.
PINACLE FX Netting allows you to net your worldwide intercompany payments and improve the overall efficiency of your global cash flow. The service currently supports 50 currencies. Each participating entity will make or receive a single payment once per netting cycle in their local currency. This can reduce transaction costs and can lower overall foreign exchange volumes. Plus, managing global activity centrally provides greater visibility and control.
You need a safe and efficient method for initiating funds transfers for same-day settlement and timely delivery of transaction-related information so you can meet important payment commitments. The PINACLE Funds Transfer module offers your authorized users a quick and reliable method for moving funds that need to settle the same day.
PINACLE’s Funds Transfer module provides secure access to your accounts so you can easily transfer funds for same-day settlement. You can also administer security privileges for your authorized users to reflect your company’s risk management protocols
Control and customize access to funds transfer initiation
Leverage easy-to-use wire transfer templates
These reports provide access to transaction activity generated within the Funds Transfer module. Reports are formatted to provide detail and summary information. Additional reports include:
Easy, online administration of repetitive templates
Universal online access
Los Angeles: 1-833-540-1286
San Francisco: 1-888-891-5265
Washington, D.C.: 1-877-856-6957
PNC does not provide legal, tax or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC does not provide investment advice to PNC Retirement Solutions and Vested Interest plan sponsors or participants. You should consult your own legal, tax, accounting and financial advisors.
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