Whether or not you currently provide currency services for your business and retail customers, you need to speak to Direct FX® about our currency software solution. Approximately $1.9 trillion in foreign currency is exchanged on a daily basis, over $460 billion of it in the United States.
If you have any of the following types of customers, you should be investigating this business:
- Individuals who travel for business or pleasure
- Manufacturing companies
- Importers/Exporters
- Law Firms
- Customers with children studying abroad
- Antique stores
- Travel agencies
- People with family or friends living outside the U.S.
With over 9,000 banks in this country, if you do not provide customers with the currency services they require, they can find another bank happy to have their relationship.
If you already provide some currency services, ask yourself the following:
- Do we view foreign exchange as a revenue-generating business or do we only provide these services to prevent our customers who ask for them to prevent them from jumping to another bank?
- If significant revenue is generated from our foreign currency operations or do we only earn what a vendor pays us?
- Do we provide a variety of international payment services and travel services to our business and individual customers? For example, can we cash a foreign check or exchange currency not spent on an overseas trip?
- Do we have a currency software solution that is linked to our existing online banking services?
- Are we interested in a currency software solution that does not require the expensive infrastructure and associated risk of a trading desk?
Direct FX® will put you in the currency business. We will provide you with the required software, customized and
branded in the name of your bank, and host it for you at no expense.
Click here to login or request a demo
Multinational banking organizations and other reputable financial institutions provide all currency services. See Currency Services for a full list of services supported by our software.
Direct Foreign Exchange supports the community banking industry through membership in the Independent Community Bankers of America.
