Letters of Credit
Premier Bank can issue commercial letters of credit to cover payment of goods purchased overseas. Premier Bank can structure a letter of credit to meet your needs.
Premier Bank customers do not need a credit arrangement when importing under a documentary collection. We act as an intermediary for our customers purchasing goods from a foreign supplier. Premier Bank receives documents pertaining to the shipment from the supplier, obtains payment or acceptance from our customer/buyer and delivers the documents to our customer.
International Wire Transfer
Premier Bank has the capability to process international wire transfers for payment of foreign shipments in U.S. dollars or major foreign currencies. Premier Bank has relationships with major banks to route funds to beneficiaries as directly and efficiently as possible.