We offer a complete array of Foreign Exchange products and services for businesses with overseas transactions.
Our experienced Foreign Exchange Service Advisors are available to work with you and assist in developing customized FX solutions. Transact with competitive rates, either online using our industry-leading, intuitive platform - Brookline Bank-FX - or speak directly with one of our Advisors.
For Foreign Currency Incoming Wire Instructions, please contact the Foreign Exchange Services Group by phone: 888-808-8220
Brookline Bank-FX is a secure online platform offering transparency in pricing and competitive rates in today's fast moving world. It provides the requirements needed to format your foreign currency payments correctly, and the ability to hold foreign currency in your account for use at any time.
With Brookline Bank-FX, you will be able to execute your payments with ease, from initiating and authorizing their release, to viewing reports. The platform allows you to send a payment now or schedule for a later date, and all functions can be segregated amongst your colleagues as you see fit.
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Spot Contract - Typically two business day delivery in the Foreign Center. CAD & MXN are next business day delivery with same day delivery available (with restrictions).
Forward Contract - Either a purchase or sale of currency at some future date, or a simultaneous purchase and sale of currencies for different settlement dates.
Variable Delivery Forward Contract - Similar to a Forward Contract except that settlement can occur over a pre-defined window of dates.
Foreign Currency Wallet* - Our answer to foreign currency accounts without the fees associated with maintaining those accounts. Your pre-purchased currencies are available to you on demand. Using the Currency Wallet can also replace costly Variable Delivery Forward Contracts.
International Wire Transfers - Quick, efficient, and transparent movement of funds.
FX Drafts - Drawn on the Bank's correspondent network denominated in foreign currency. Visit your local Brookline Bank office for more details.
FX Banknotes - Foreign currency delivered to your nearest Brookline Bank office within 48 hours.
Risk Management Advisory - The Bank's experienced FX Advisors will provide market commentary and work with you to devise a FX plan to best suit the needs of your company.
International Check Collections & Cash Letters - Provides for timely settlement of foreign denominated checks presented for payment.
*Foreign Currency Wallet Funds are not FDIC insured
All foreign currency transactions are subject to foreign currency exchange risk. Customers are not protected against foreign currency exchange rate fluctuations by FDIC insurance or any other insurance or guarantee program. In addition any monies in the Foreign Currency Wallet are not FDIC insured.