Secure global transfers
Use Global Payments from FNB to simply capture your payments for imports and exports through Online Banking.
Online payments for these types of payments are processed via the SWIFT method of transferring funds; which guarantees a secure transfer of funds to bank accounts all over the world.
How it works
Make the most of your international investments
Payment of international trade transactions can be accomplished on an 'Open Account' basis.
The modus operandi is as follows
- The seller ships the goods and forwards the documents directly to the buyer
- The buyer clears the goods upon arrival
- The buyer arranges for payment, usually by telegraphic transfer
- The seller loses control of the goods as soon as they are dispatched, because he/she has to trust that the buyer will remit the funds
What are the risks?
What you get
Quick + effective transfer between buyer and seller
It is the cheapest and easiest method of settling international transactions
SWIFT transfers are secure, standardised, relatively inexpensive and extremely quick
Getting it made easy
First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider 1929/001225/06 (NCRCP20).