Foreign Currency Account
WSFS Bank provides Foreign Currency Accounts to help our customers expand and optimize their international business. WSFS offers thirteen different currencies, in which our customers can hold funds. Foreign currency accounts are linked to the customer’s USD account.
WSFS foreign exchange specialists will assist with account setup and management. Every customer’s need is different; at WSFS we take time to analyze our customer’s requirements to offer the best solution. An appropriate action plan will optimize the international opportunities for each currency account.
Uses
- Purchase and hold currency for future payments
- Receive currency payments to distribute or repatriate later
- Diversify currency holdings/investments
- Avoid crossing bid/offer by netting two-way flow
Benefits
- No minimum balance
- Consolidate incoming and outgoing wires – optimizing cash flows
- Flexibility to respond to market conditions
- Rapid fund settlement
- Reduced costs associated with FX conversion
Currencies Offered
- Australian Dollar
- British Pound
- Canadian Dollar
- Euro
- Israeli Shekel
- Japanese Yen
- New Zealand Dollar
- Norwegian Krona
- South African Rand
- Swedish Krona
- Swiss Franc
- Turkish Lira
- Mexican Peso
Our Services
Frequently Asked Questions
A WSFS Capital Markets expert will help you find the right solution.
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