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Multicurrency accounts are demand deposit accounts (DDAs) that are domiciled in the United States and hold foreign currency instead of U.S. dollars so your business can make and receive payments in 30 major and emerging market currencies without the need to open accounts with foreign banks.
Our multicurrency accounts offer a simple and integrated way to manage and move money denominated in different currencies, so you can:
Your business can choose the multicurrency account that best meets your needs.
Global business transactions often require you to make and receive payments in currency other than U.S. dollars.
|Czech Republic||CZK||Czech Koruna|
|United Kingdom||GBP||Pound Sterling|
|Hong Kong||HKD||Hong Kong Dollar|
|Israel||ILS||Israeli New Shekel|
|New Zealand||NZD||New Zealand Dollar|
|Saudi Arabia||SAR||Saudi Riyal|
|South Africa||ZAR||African Rand|
** Currency held in this account cannot be converted into any other currency by PNC.
PINACLE, PNC’s top-rated corporate online and mobile banking portal, can help you streamline your international cash flow management. With a single sign-on, you can initiate payments, access account reporting and view USD-equivalent balances for foreign currency accounts. You can also initiate funds transfer requests for accounts held at foreign banks, manage your foreign exchange transactions and access international trade services to reduce payment and collection risks. Learn More »
ECR or interest may not be available on select currencies due to market conditions, and rates may not apply to aggregate USD equivalent balances on a per client basis above $10,000.
PNC and PINACLE are registered marks of The PNC Financial Services Group, Inc. (“PNC”) Bank deposit, treasury management and lending products and services, and investment and wealth management, and fiduciary services are provided by PNC Bank, National Association, a wholly-owned subsidiary of PNC and Member FDIC.
Earnings Credit and Interest eligibility and rate are variable and subject to change at any time without notice or limit. PNC reserves the right to charge an Account Balance Fee on certain currencies. Foreign exchange restrictions may apply.
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