Earn Membership Rewards points on all your international money transfers 1
Streamlined global payment process and 54 days payment period 3
Online DPO management
*In order to be able to transact you must have a Foreign Exchange International Payment account as well as either an American Express Business or Corporate card in place for the business (Business card accounts must have been active for 6 months before becoming eligible for AccessLine)
Flexible, virtual global payments
American Express vPayment is a virtual payment solution that assigns a specific-use virtual account number to each transaction.
This enables users to set transaction-level spend controls and to reconcile global payment expenses quickly and easily.
A business can use a forward contract and future contract to lock in a specific foreign exchange rate at a future date. While FX currency hedging is not appropriate for everyone, it can be a powerful tool if used properly and alongside other forex trading strategies.
Forex trading relates to the exchange of foreign currencies at rates defined by their market values.
A working capital requirement is the calculated assets of a company that are used to measure if there are sufficient funds to continue operation.
International Payments is the easy and secure way to send money abroad. American Express International Payments allows you to simply and securely send money in over 80 currencies to over 200 countries as well as receiving foreign currency payments from your customers abroad.
You can make the international payment by either logging in online or calling an account manager to provide the supplier’s information and lock in a foreign exchange rate.
This will depend on the currency sent and the country you are sending the payment to; USD payments to the United States, Sterling and Euro payments within the EEA – typically the same business day (subject to cut-off times) and other currencies – typically 2-4 business days.
All payments need:
Beneficiary bank name and country
Beneficiary account number/IBAN and/or SWIFT/ Bank Identifications Code (BIC)
TERMS AND CONDITIONS
The Membership Reward programme is only available when carrying out a foreign exchange payment to a different currencies and only on transactions between £1000 and £100,000, any same currency transaction will not be eligible for the Membership rewards points.
For EUR and USD payments only, provided the GBP is received before certain cut-offs.
The maximum amount of time for a payment period on purchases is obtained only if you spend on the first day of the new statement period and repay the balance in full on the due date. Approval is subject to status and terms and conditions apply. Applicants must be 18 years old or over.
American Express Services Europe Limited has its registered office at Belgrave House, 76 Buckingham Palace Road, London, SW1W 9AX, United Kingdom. It is registered in England and Wales with Company Number 1833139 and authorised and regulated by the Financial Conduct Authority.