The FX4Cash product suite is built upon a flexible, stable and resilient platform to meet the unique needs of our diverse clients.
FX4Cash strongly integrates with Deutsche Bank's existing client access channels, extensive reach to global payment and clearing systems, as well as leading FX trading infrastructure to provide you with a one stop solution for your cross-border currency payments worldwide.
Payments in more than 120 currencies with no need for currency accounts FX4Cash offers you can be configured to match your current work flows.
The FX4Cash work flow can be customized to suit your internal needs.
Manage and control your incoming foreign currency receipts
FX4Cash is not just for you outbound cross-currency payments - FX4Cash is perfect for your incoming foreign currency payments too There is no need to hold currency accounts, and you don't even need to bank with Deutsche Bank. Here's how it works;
Minimum threshold has been increased to KRW 50,000 per transaction.
A minimum threshold of USD 50.00 equivalent per transaction is effective immediately.
IBAN (29 characters) is now required on all payments to Brazil.
Beneficiary account number must be provided in complete format or payments will be rejected in local clearing systems: 24 digits
The regulations have changed in Georgia whereby we are no longer able to make payments to third parties. We can only make GEL payments if the ordering customer is the same as the receiving party.
Effective immediately, please provide the IBAN number together with the purpose of payment for each transaction.
IBAN is composed of 22 letters and numbers.
It is now necessary to provide the IBAN number (28 letters and numerical digits), a Tax ID of the beneficiary, and the Beneficiary Bank's Branch Code (6 digit numercial code, along with the purpose of payment for each transaction.
The burden of documentation passes onto the remitter for all transactions over USD 1 million equivalent. The remitter must provide a copy of documentation relating to the declared purpose of payment to the Client Service Officer or FX4Cash.Ops@db.com prior to execution. FX4Cash and it's external provider will apply to the Central Bank for approval to execute the transaction on the remitters behalf based on the documentation and purpose of payment provided. The approval process typically takes 24 hours at most. Upon approval, the remitter will be contacted for further coordination for execution.
CNH - Off-shore CNY is now available as a receivable currency. Also, CNH is now available as a debit currency for the locations of Hong Kong and Singapore.
FX4Cash announces a change in its payment capability for: LBP Lebanese Pounds
Effective immediately we are temporarily suspending this capability.
We will be providing more information as it becomes available.
Payments to ISK, LBP, MKD and VEF are temporarily suspended.
Payments in ARS are available over USD50,000 threshold.