Foreign Currency Accounts

A foreign currency account can increase the efficiency and ease of making transactions in other countries as well as provide a way to diversify your currency holdings.

Benefits

  • Service focused on flexibility, planning and customization to suit the specific needs of your business
  • Helps to avoid unnecessary foreign exchange conversions
  • Holding place for currency received overseas to use for future outgoing payments
  • Allows for local currency purchases when rates are most attractive

Product Details

  • Account domiciled in the U.S. and maintained during regular U.S. business hours

FDIC insurance does not cover losses due to devaluation of foreign currencies.
Foreign currency accounts (FCAs) are offered by First Republic Bank, Member FDIC.
First Republic Foreign Exchange is a division of First Republic Bank.