Doing business in today’s world means knowing how to deal in the realm of global economics. Devon Bank has a full range of International Banking Products and Services to help put you in touch with the world.
International Wire Transfers
Send money to your friends or family anywhere in the world. Safe and secure. Your money will reach the destination in 24 – 72 hours. There is a fixed $50 fee for any amount you wish to send. This service is available only to Devon Bank customers.
Foreign currency for 150 countries is available for purchase at Devon Bank. There is a 2% fee of the transaction total or $2, whichever is greater. For exchange rates call our International Services Department (773) 423-2305.
We have the ability to process checks drawn on foreign banks by submitting them for collection. Allow four to six weeks for credit to reach the proper account. Checks in excess of $50 USD equivalent will be charged $20. Checks less than $50 USD are not accepted for collection.
We can handle all the documentation needed when importing goods or equipment. Consider the advantages of Devon Bank’s International Collection Services:
• Eliminate the need for a letter of credit or cash in advance.
• Prompt transactions protect your credit rating
• Saves you time
• Devon Bank wire transfers facilitate payment
• Sight or time drafts are accepted.
We will contact you when the documents are received and we will complete the transaction according to the instructions on the notice. After receiving the goods, payment may be made using a Devon Bank wire transfer.