PayRecs is an online app integrated into our existing online banking platform that helps automate, streamline and simplify international FX payments.
International FX Wire Transfers Made Easy
Within the global payments solution, you can create virtual currency accounts in 37 different currencies. You can use these accounts to hold foreign currency or send and receive local currency payments. You can instantly fund one of these accounts right from the platform.
Our global payments solution
Recipients for existing customers will be migrated from the current international payment system
You and your secondary approver will need to validate your recipients prior to sending your first payment
For security purposes and to expedite payment delivery in the future, recipients will not appear in the list of companies you can send a payment to until they have been re-approved
No cut-off time
Any transaction booked in the system stays in the system until you approve it
Frequently asked questions
There are no cut off times – any transaction booked in our system stays in our system until you approve it.
Generally, yes. We work to expedite settlement of all payments and specifically FX payments. FX payments usually settle within 24 hours and in some instances, they can settle in just a matter of minutes.
The fees vary depending on volume. All fees are fully disclosed up front and are visible on every transaction, so you never have to guess what you are being charged.
We offer in-app chat support, email support, phone support, or you can contact your Relationship Manager to help you.