International payments
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Business
Business foreign exchange
A live rate, a visible margin, and hedging when you need it
Overview
Buy and sell currency for imports, exports and overseas operations. We show the live interbank rate and our margin as separate numbers, so you can see exactly what the transaction costs.
Where you have known future exposures, forward contracts and options let you fix the rate now and remove the uncertainty from your margins.
Why HBI
A bank that reads your interim financial statements
Business banking at HBI starts from how you trade. We look at cash conversion, customer quality and the people running the business, not only at what could be pledged as security.
From the Growth tier upward you deal with a named banker who knows your file. They have a direct line and a published response time, and they stay with the relationship as the business grows.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- Spot, forward and swap contracts in 38 currencies
- Currency options for exposures where you want upside participation
- Foreign currency accounts in eight currencies
- Sanctions screening on every payment, with the result confirmed before release
- Rate alerts when a currency pair reaches a level you set
- Dealer access by phone for trades above $250,000
What you need to qualify
- An HBI business or corporate account
- A trade or treasury facility limit for forwards and options
- Supporting documentation for the underlying transaction
- OFAC sanctions screening of the counterparty
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
Pricing
Fees & rates
Published here, and the same figure you will see in your quotation.
| Transaction value | Major currencies | Emerging-market currencies |
|---|---|---|
| Under $25,000 | 0.75% | 1.40% |
| $25,000 – $100,000 | 0.45% | 0.95% |
| $100,000 – $1m | 0.25% | 0.60% |
| Above $1m | By negotiation | By negotiation |
Fees and rates are reviewed annually and published at least 30 days before any change takes effect. Terms and conditions apply.
Good to know
How we look after you
Three commitments that apply to every business product, this one included.
Controls come switched on
Dual authorization, account verification and user permissions are the default on business profiles. You choose to relax them; you do not have to remember to add them.
Your data feeds your books
Daily statement feeds run to QuickBooks, Xero and NetSuite, and reconciliation files are available for anything else, so month end starts from matched figures.
Decisions come with reasons
When we decline or reduce a facility we explain why and what would change the answer, so the next application is a better one.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
An agreement to exchange currency at a fixed rate on a future date. It removes uncertainty, but it also binds you to that rate even if the market moves in your favor.
Published rates are interbank mid-rates for very large trades. Your rate is that mid-rate plus our margin, which we show you separately.
There is no limit on the amount. Every payment is screened against US sanctions lists, and payments to some countries, entities and individuals are prohibited. We tell you before you commit if a payment cannot be made.
Yes. Foreign currency accounts are available in eight currencies, which avoids converting twice when you both receive and pay in that currency.
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Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.