XacBank has successfully opened a USD account at BNY Mellon
XacBank has established a correspondent relationship with the Bank of New York Mellon and successfully opened a USD account.
With this new account, the bank is poised to offer faster, cheaper and more reliable international USD transactions than ever before as well as shortening the time of receiving USD transfers from abroad by 2-3 times through SWIFT.
This correspondent relationship not only facilitates the smoother process of international transactions, but also allows businesses engaged in foreign trade to expand their activities by using international trade financing tools such as letters of credit and guarantees, and it also confirms that XacBank's operations are fully compliant with international standards and compliance regulations.
