Corporations - Global EFT

Global EFT is a cost-efficient international payment method facilitating direct bank transfers to applicable bank accounts internationally. With global EFT, in-country local clearing networks are utilized reducing the transaction fees associated with the payments. Currently, global EFT is growing in popularity and available in 10 currencies for payments to more than 40 countries. Clients of CXI have access to a dedicated trading team, who together with the business evaluate the available payment solutions, their upside, and potential challenges they can help the business overcome. On an ongoing basis, CXI's traders provide rate alerts and market updates to deliver the most value to the business.

The CXI team is backed back its state of the art online software CEIFX. The software is easy to use for a wide variety of implementations. CEIFX makes paying with global EFT as easy as domestic payments. Businesses in need of a single payment to a vendor abroad to large corporations processing payment to numerous beneficiaries in different currencies can all discover the simplicity CEIFX brings to global EFTs. CEIFX can even be integrated into client's own treasury software or platform.

Benefits To Corporations:

Payees using global EFT are able to reduce their transaction fees by utilizing local clearing networks. The payments do typically take an extra day to become available in local bank accounts compared to international wire transfers. Countries available for global EFT are:

  • Europe: (via SEPA - Single Euro Payments Area) Aland Islands, Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, and United Kingdom
  • North, South, and Central America: United States (ACH) and Mexico
  • Asia Pacific: Australia, Hong Kong, India, Singapore, and New Zealand

Additional benefits:

  • Real-time exchange rates
  • Reduced service fees
  • File upload (bulk) and integration into treasury and core systems
  • In-depth, flexible, and exportable reporting
  • Beneficiary email notification
  • Dedicated trader and support team

A dedicated trader and experienced support team provides businesses a roadmap to successfully start or optimize their international payments through financial and operational efficiencies.