International Trade Services
Transborder Banking

New Product

First National Bank recently expanded its line of international banking products to enable its corporate customers to enjoy seamless Canadian banking services.

If you are considering business opportunities in Canada and need to manage receivables, or have a presence in Canada without the benefit of resources such as offices, staff or foreign exchange expertise; First National's "Transborder" Banking Service is for you. This new product will enhance your competitiveness and expand your international capabilities. Through our extensive network of correspondents, First National Bank can provide you with depository accounts, checking accounts, and cash management facilities such as automated lock box.

How does the automated lock box service work?

Receivable payment service - automated lock box is commonly known as "wholesale lock box". This is a service whereby our corporate customers have their customers mail payments (receivables) directly to an administered Post Office box in Canada. These items are picked up and processed daily and credited to your account the same day and your specified processing details are reported. This service assures you that your payments are processed quickly and accurately, streamlining your entire receivable activity, accelerating cash flow and improving efficiency.

Some of the features of our new "Transborder" Banking Services are as follows:

• Canadian and U.S. dollar depositing and/or checking accounts in Canada for your corporate activities.
• Account analysis statements.
• Improved cash management.
• Reduced payment costs.
• Faster settlement of receivables.
• Avoidance of unnecessary currency conversions.
• Real-time Balance and Transaction reporting through the Internet.
• Receivable Payment Service - Automated lock box service.
• Flexible and customized service that meets your needs.

If these services can help you expand your business into Canada more cost effectively and with ease, contact one of our International Trade Representatives at 888-464-7804 or Email us for additional information on our new "Transborder" Banking Services.