Whether you are receiving or sending funds from another country, money must be exchanged from one currency to another. Let Bank of Arkansas help you lock in exchange rates and minimize currency risk. Realize the benefits of conducting business in foreign currency.

• Maximize profit margin
• Control exchange rate
• Reduce wire transfer fees
• Enhance customer relations

International wiring of funds can be sent to and received from virtually anywhere in the world. Processing of an international wire is fast and easy.   The bank can send and receive funds in U.S. Dollars or in 94 different foreign currencies.  Our foreign exchange specialists constantly monitor the real-time activity of exchange rates, which allows us to give our customers very competitive exchange rate quotes.  Services are available to send wires online. Bank of Arkansas' association as a member of the S.W.I.F.T. (Society for Worldwide Interbank Financial Telecommunications) network provides a secure means for sending or receiving funds.

International Drafts

International drafts can be an economical method of sending funds internationally. International drafts are bank checks expressed in a foreign currency.  Drafts can be issued in several tradable currencies. Drafts may be purchased from any branch location. For more information call our foreign currency hotline number (918) 588-6284.

Forward Contracts on Foreign Currency

Customers can lock in profits in contract negotiations through the use of forward contracts. Exporters and importers are often frustrataed with exchange rate fluctuations. Forward contracts, which "lock in" the current  exchange rate to be delivered at a future point in time, provide assurance of the exchange rate upon the receiving or sending of funds. By managing your foreign exchange risks with forward contracts, your company can focus on the business deal while the foreign currency speculation is eliminated.  For additional information call 1-800-285-6264.

Foreign Currency and Travelers Cheques

Whether traveling abroad or just returning from overseas, Bank of Arkansas can provide your foreign currency needs. Major currencies are kept in stock to supply or purchase your foreign currency(ies).

American Express travelers cheques are one of the safest ways to carry cash and are available in British Pounds, Euros, and Canadian Dollars. Other denominations are available upon request. Any questions about the availability of foreign currency should be directed to any branch location.