Our foreign currency remittance service provides a convenient way to send money overseas at competitive exchange rates.
Our foreign currency remittance service is designed to help consumers and businesses seamlessly move money around the globe in over 60 major foreign currencies.
When you send US Dollars overseas, funds may be converted into the recipient’s home currency by a local bank at an unknown exchange rate, so the amount received by the recipient may be unknown at the time the wire transfer is originated. However, sending funds in the recipient’s home currency allows you to know the exact foreign currency amount the recipient will receive (local taxes and fees may apply).
You can receive a foreign currency remittance with or without opening a foreign currency account. Incoming foreign currency funds may be deposited into a designated Multi-Currency Account (MCA) or converted and credited to a US Dollar account.
For incoming wire instructions, view our currency types below and visit our incoming wire instructions page for pdf forms.
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Cathay Bank offers competitive exchange rates in over 60 foreign currencies to help you stay competitive in today’s global marketplace.
To send an outgoing wire transfer or for more information on exchange rates, please contact our Foreign Exchange Department at 866-228-4299 or by email at [email protected]. You can also visit your local branch for additional details.
Cathay Bank offers foreign currency check collection to help you receive payments in foreign currency.
Foreign currency check collection may not be available in all currencies, so please contact our Foreign Exchange Department at 866-228-4299 or by email at [email protected] for more details.
It may take longer to clear an international check compared to a wire transfer.
It is not mandatory to open a Multi-Currency Call Account (MCA) to send or receive foreign currency payments. To receive foreign currency, please follow the incoming wire instructions above or contact our Foreign Exchange Department at 866-228-4299 or at [email protected]. To send a foreign currency wire, please contact your branch for more details.
Please contact our Foreign Exchange Department at 866-228-4299 or visit your local branch for current incoming and outgoing wire fees.
Yes. We can send the foreign currency check for collection, convert the foreign currency and deposit into your US Dollar account. Foreign currency check collection may take longer to clear than a wire transfer.
Our specialists are happy to assist you with all your International Banking needs. Please reach out to our team for more information.
