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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, First Midwest offers foreign currency at all of our branches. 

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

GROW WITH MOMENTUM

A First Midwest Relationship Manager can help you secure the funds you need to grow, expand your business and explore new opportunities.

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TREASURY MANAGEMENT

Discover our full suite of solutions to build bottom-line momentum with your financial resources.

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SPECIALIZED INDUSTRIES

From franchise banking, healthcare finance, and professional services, to agriculture and commercial real estate, our lending experts can help give your business the momentum you want and the capital you need.

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Explore Our Business Checking Accounts

Ask a First Midwest Relationship Manager about online 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 Online account opening is available to residents of Illinois, Indiana, Iowa, and Wisconsin. $100 minimum deposit required to open an account.