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Photo of a collection of various international currencies that are being used for foreign exchange

Mitigate currency risk and gain a competitive edge.

Foreign Exchange

American businesses of all sizes often operate internationally as importers and/or exporters, and many simply use U.S. currency for all transactions. Using U.S. currency, instead of a local currency, however, does not eliminate currency risk.  It simply passes risk along to foreign counterparts who may charge higher prices to accommodate that risk. 

Foreign exchange solutions from First Midwest1 can help your business execute transactions in your foreign counterparts’ local currencies. This currency exchange makes you a better business partner and may give you a competitive edge in your industry. 

Our foreign exchange solutions include: 

Payment Products 

  • Wire Transfers 
  • Foreign Cash Letters/Foreign Collections 
  • Foreign Currency Drafts 

Currency Risk Management 

  • Spot Contracts 
  • Forward Contracts 
  • Window-Forwards 
  • Non-deliverable Forwards 
  • Swap Contracts2

And if you are traveling abroad, you may place an order for foreign currency at any First Midwest branch.

Talk to one of our Foreign Exchange specialists today about gaining control of your foreign currency risk. 


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Explore Our Business Checking Accounts

Ask a First Midwest Relationship Manager about our business checking options.3

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1 Certain Foreign Exchange Services are subject to credit approval.
2 Must be an Eligible Contract Participant (ECP) to apply for OTC derivative transactions. Other restrictions may apply. Product carries certain market, credit, liquidity, foreign currency, legal, operational and other applicable risks.
3 Account opening is available to residents of Illinois, Indiana, Iowa, and Wisconsin. $100 minimum deposit required to open an account.