International Services
The International Banking Department at Mercantile Bank offers a full range of international services to customers engaged, directly or indirectly, in international trade. Staffed by skilled and experienced professionals, the department provides personal attention and assistance to meet your business needs at competitive prices. Mercantile Bank maintains foreign correspondent banking relationships in 38 countries and in all traded currencies. It is our goal to have banking capabilities wherever in the world you need to be.
Our services include:
- Foreign remittances: wire funds transfers, foreign drafts
- Letters of credit: documentary letter of credit services for import and export transactions, and standby letter of credit services for contract and performance guarantees
- Foreign exchange contracts: spot, forward and forward window contracts, to enable you to mitigate foreign exchange risk exposure
- Documentary and clean collection services for the collection of international accounts receivable
- Foreign check clearing services
- Short and medium term trade financing
- Click here to download the Standby Letter of Credit Application
For more information, submit a contact form or call the International Banking Department at 800-499-1565, extension 52721.
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