International Banking
At Rockland Trust, we offer a variety of products and services to assist you in your international banking needs. Recognizing that many of our customers are expanding their businesses throughout the global marketplace, we strive to provide competitive pricing while assisting you in mitigating the risks associated with exchange rate fluctuation. You can also count on the highly personalized service you would expect from a local bank along with the sophisticated products of a large financial institution. Our International Banking Products and Services include:
International Wire Transfers
Whether making a payment overseas in U.S. dollars or foreign currency, Rockland Trust provides you with quick, convenient, and affordable service. Technology and the increased transparency of foreign currency transactions make it easy to send a wire in the local currency of the receiving bank and possibly save you money at the same time. Making payments in the local currency of your overseas vendors provides you with the following benefits:
- Eliminate uncertainty with confirmed exchange rates, protecting you against rate fluctuations.
- Gain control of your costs. When a payment is made in the local currency of the receiving bank, the transaction flows more smoothly, reducing the risk of additional fees.
- Avoid lengthy settlement delays. Local currency transactions post days earlier giving you the potential opportunity to negotiate better pricing from your suppliers.
Foreign Drafts
For our customers that need to make payments by check in a foreign currency, we offer foreign drafts. A foreign draft, similar to an official bank check, is drawn on a foreign bank in foreign currency. Making payments with foreign drafts offers your vendor the benefit of fast and cost effective clearance of funds.
Swift Code
The SWIFT Bank Identification Code is an internationally-recognized system of codes for identifying banks. The code is 8-11 alphanumeric characters long and contains information identifying the country, bank, location, and branch. These codes are commonly used to identify the banks involved in an international wire transfer. The Rockland Trust Swift code is
RTCOUS33.
Foreign Currency Exchange and Foreign Travelers Checks
Whether vacationing overseas or traveling on business, Rockland Trust provides a convenient means of purchasing foreign currency or foreign Travelers Checks for your trip. We offer a number of over the counter currencies for purchase or redemption as well as wide variety of currencies available for special order.
Highly Personalized Service:
Just call us at 781.982.6152 to discuss your particular international banking needs. You may also visit any one of our 70 branch locations or contact a business specialist at 888.878.7824. We are committed to helping your business grow by providing the highest level of personalized service and competitive products.