International Payments
WSFS Bank provides market expertise and payment solutions that help organizations and individuals manage international transactions. WSFS’s dedicated Foreign Exchange team can help you manage the complexities of cross-border transactions and foreign exchange.
Our Services
Frequently Asked Questions
Matching the Payment Method With Your Requirements
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Description
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Recommendation
International USD Wires
Wire transfers of USD originating from accounts within the United States to bank accounts outside the United States.
Only send USD internationally if the receiving party specifically requested USD and holds a USD account.
International Foreign Currency Wires
Foreign currency (FX) wire transfers sent to bank accounts located outside the United States.
Preferred option for sending funds internationally.
Sending USD Checks
Writing a USD check against an account domiciled in the United States
Not recommended for small amounts as the amount of the check will likely be offset by the fees charged by the recipient bank.
Foreign Currency Drafts
Foreign currency denominated bank checks drawn on a bank local to the recipient.
Preferred option for small amounts.
International Check Clearing and Collection
Checks drawn on an international bank can be deposited into your account to be cleared or placed on collection.
The practicality of receiving checks drawn on banks outside of the United States varies by currency and country. Please check with our International Services experts for more information.
A WSFS Capital Markets expert will help you find the right solution.
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