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Now the farthest ports of call are as close as The Bank of Tampa, where we maintain close working relationships with correspondent banks around the world. We can smooth the progress of commercial letters of credit, documentary collections, foreign exchange, collection of foreign checks, funds transfers, foreign remittances, and nearly everything in-between.
For these services and more, you don’t have to travel the world over – just make a quick trip to The Bank of Tampa.
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The Bank of Tampa’s international banking specialists understand the flexibility of a letter of credit and are thoroughly familiar with their procedures. Our worldwide correspondent banking network allows us to issue import letters of credit efficiently and expeditiously.
We can also advise and/or negotiate export letters of credit issued by selected foreign banks in favor of the bank’s exporting customers. When these types of documents are presented, they are quickly negotiated so that payment is promptly made.
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Standby letters of credit are issued in lieu of cash deposits, performance bonds, or bid bonds. The presentation of a standby letter of credit may help facilitate your company’s business transactions when your own credit may not be known or readily accepted.
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In addition to quoting current exchange rates, our International Banking Department can also buy and sell most major foreign currencies. The majority of foreign exchange purchases and sales are made on a spot contract basis. However, we can help you protect your business’s profits through the forward purchases or sales of foreign exchange at a fixed rate determined on the contract date.
We also offer foreign drafts and traveler’s checks in most major currencies.
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Under trade conditions not requiring the level of security offered by a letter of credit, our international collection service will speed documents to or from the collecting bank to facilitate payment or acceptance of drafts.
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We recognize that rapid collection of checks drawn on foreign banks is important to all our clients. We make this process easier this by maintaining close working relationships with correspondent banks around the world.
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Our worldwide correspondent network allows us to move funds in U.S. dollars or a variety of foreign currencies in a fast and efficient manner.
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