If you have international receivables and payables, PNC can help you to improve cash flow between your accounts. From remitting cash balances to establishing local banking services, PNC offers a comprehensive range of international solutions to help your company operate around the world.
PINACLE®, PNC’s top-rated online corporate portal, also can help you to streamline international operations and gain more control over your global cash flow. With a single sign-on, you can access reporting, manage multicurrency accounts and multibank accounts and receive the USD equivalent value using indicative exchange rates for all your account balances to get a quick snapshot of your international cash position. PINACLE’s robust functionality and suite of services can be tailored to meet your business’s needs, helping you to reduce payment risk and spend less time on paperwork.
Whatever the breadth and depth of services your business needs, our powerful solutions can make your international transactions more efficient and secure.
PNC's Multicurrency accounts are deposit accounts that let you hold foreign currencies, instead of U.S. dollars, so it is easier for you to make and receive payments in international currencies. These accounts are held by PNC Bank, National Association, and are FDIC insured, up to current FDIC insurance limits.
The right currency strategy can help you be more competitive. PNC’s multicurrency accounts make it easier for you to make and receive payments in 30 major and most emerging market currencies, including offshore Chinese Renminbi (CNH).You can initiate transactions from your accounts and review reporting through PINACLE. You'll have only one statement and one banking relationship to manage.
PNC Bank Canada Branch (“PNC Canada”) offers a full suite of products including payables, receivables, information reporting, account services, lending, and specialized financing to help you streamline cross-border operations. The PNC Canada team specializes in the Canadian financial marketplace and offers many years of combined experience to help you succeed in this robust and growing market.
Expanding your business takes both strategic perspective and tactical execution. We can help you work through the challenges of doing business across the border.
If you have a euro account in Frankfurt, a British pound sterling account in London, or a Japanese yen account in Tokyo, you may be logging into multiple bank portals, each with a different token and password. In some cases, you may receive fax transmissions or paper statements weeks after the closing date.
PNC’s Multibank Services can provide you with balances and activity for all your accounts (USD and foreign currency) through PINACLE®, PNC’s online corporate banking portal. You can also initiate multibank transfer requests (MT101) through PINALCE’s Funds Transfer module. Using this single point of access, you can gain visibility into all your multibank accounts held at other institutions around the globe and transact on those accounts in one convenient location.
PNC offers two service models to help you open and manage accounts at other banks in countries outside the United States.
PNC's Funds Transfer Services offer a high speed, secure electronic payment solution that provides an effective, reliable way for you to send or receive international payments needed for same-day settlement. This service also offers timely information reporting for a variety of payment needs - for small businesses to the largest corporations.
If your company works with multiple banking partners, each with proprietary connections and/or systems to send and receive and access your banking information, SWIFT can help you control risks, reduce costs and have better visibility of funds globally.
PNC’s representative office in Shanghai, China, can provide assistance relative to general banking issues in China.
Please contact your Treasury Management Officer or Treasury Management Client Care (TMCC) at 1-800-669-1518 with any questions.