Manage the Foreign Exchange Rate
Book payments instantly with live market rates or receive a notification from TransferMate when foreign exchange rates are favorable for cross-border payments. TransferMate offers flexible variable contracts to protect against currency market volatility by locking in a rate for a fixed term with no draw-down fees.
Easily Send International Payments
TransferMate provides the quickest route for sending international payments. Lock in a real-time currency exchange rate, load funds to a TransferMate account and initiate the transfer. TransferMate handles the currency exchange for whatever country the receiver is in.
Request an International Payment
Send an invoice to your customer who can lock in their foreign exchange rate to send funds to your business. TransferMate handles the currency exchange process and transferring funds to the proper bank account.
Cross-Border ACH Payments
With global business expanding, Federal Reserve Banks are keeping pace with customer demand for cross-border payments. FedGlobal ACH is an efficient way of sending cross-border ACH payments to more than 25 countries around the world—plus debit payments to Canada.
Many financial institutions utilize cross-border ACH payments with the SEC code IAT. International ACH payments follow a similar transfer timeline to ACH transfers within the United States. Nacha—the governing body that oversees the ACH Network—worked with the Office of Foreign Assets Control to develop a new ACH format that includes information on all parties to the transaction. This allows Receiving Depository Financial Institutions to easily comply with the rules and streamline international payments.