FIMBank USD bank­ing ser­vices

The Malta Business Weekly - - FRONT PAGE -

FIMBank is strongly po­si­tioned to de­liver an en­hanced bank­ing ser­vice to cor­po­rate cus­tomers to sup­port their in­ter­na­tional set­tle­ments, for­eign ex­change trans­ac­tions and fixed term de­posits.

As a trade fi­nance spe­cial­ist, FIMBank has in­vested sig­nif­i­cantly in its USD of­fer­ing, since it is the mostly used cur­rency in in­ter­na­tional trans­ac­tions and global trade.

The ser­vices pro­vided by FIMBank are also fa­cil­i­tated by its se­cure digital bank­ing plat­form FIMBank Di­rect, a sys­tem de­signed for the cash man­age­ment needs of cor­po­rate cus­tomers, to process in­ter­na­tional and for­eign ex­change trans­ac­tions, be­ing di­rect, same day or spot.

“The ex­ten­sive reper­toire of digital bank­ing ser­vices is com­ple­mented by the re­cent in­ter­est rate in­crease on USD term de­posits where cor­po­rate cus­tomers can ben­e­fit from a 3.5% in­ter­est rate at the yearly tenor they se­lect, be it ei­ther 1 year, 2 year or 3 year,” said Chris Tra­pani, head of Cash Man­age­ment and Cen­tral Cus­tomer Ser­vices.

The same USD in­ter­est rates are ap­plied on FIMBank’s re­tail flag­ship prod­uct Ea­sisave, where clients have a choice of ty­ing their funds on a 1-, 2- or 3-year ba­sis, with a min­i­mum de­posit of $1,000, in­clud­ing the op­tion of re­ceiv­ing in­ter­est on a quar­terly ba­sis.

Com­ment­ing on this com­pet­i­tive in­ter­est rate for USD de­posits, Tra­pani said: “Ea­sisave is geared to pro­vide our clients with com­pet­i­tive in­ter­est rates. A re­tail ac­count can be opened on­line in a few min­utes and clients can ben­e­fit from an easy to use, re­li­able and se­cure plat­form, guided by a read­ily avail­able Helpdesk team, if needed.”

All Ea­sisave de­posits are cov­ered un­der the de­pos­i­tor com­pen­sa­tion scheme es­tab­lished un­der the laws of Malta. The scheme cov­ers de­posits in all cur­ren­cies with­out dis­tinc­tion.

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