All funds held on behalf of our clients, for the provision of a conversion or payment service, are subject to safeguarding and held in ring-fenced accounts with large reputable global financial institutions, such as Barclays Bank.  This ensures that your funds are always protected and can be issued back, should GreenShootsFX or Currencycloud go into administration or liquidation and therefore no other creditors, secured or otherwise, can make a claim on them.

Unlike holding money in a standard bank account, all your funds are protected, regardless of the value.

When you fund your accounts with GreenShootsFX you do so by sending your payment to an account in your name.  Funds are ultimately swept to a concentration bank which is primarily Barclays Bank where they are ring-fenced and therefore protected from claims from third-parties.

Yes.  The accounts are in your company name and you can see all of your balances online in one easy to view location. You can then switch balances between accounts and remit payments to non-sanctioned destinations.

This also means that when paying you, your customers will address their payment to you, and not to GreenShootsFX.

SWIFT provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment. For quite sometime it has been the industry ‘norm’ for when banks are communicating with each other.

GPI is the initiative to allow banks to show each other where a payment is along its journey and whether there have been any deductions along the way. For the first time you will be able to know whether your beneficiaries have been credited with certainty.

A SWIFT MT103 (MT stands for ‘message type’) is used for a customer transfer and informs the beneficiary bank of who to credit, with how much, on a specific value date, complete with details of the remitter and any references to help the beneficiary reconcile the payment.

As your business grows you might require more substantial international cash management services, which your existing bank or credit union may not be able to provide. Many of the larger financial institutions will insist you move all of your banking business for the privilege of accessing their FX services. More than likely, you have a long-term and successful relationship with your community bank or credit union that you don’t want to sacrifice. The solutions provided by GreenShootsFX enable you to stay with your current provider for all of your existing banking business.

Our sole interest lies in supporting your cross-border payments so we hope we can prevent you from having to move all of your banking business to an institution that you don’t want to move to.

Yes.  We use an ACH Debit function in the USA and in Canada.

The conversation could be as quick as 15 minutes, and the account opening should be complete within 24-48 hours.

Our JOIN US page has a handy fact-finder document you can down load which details information about our onboarding discussion including questions we’ll ask and supporting items we’ll need.

While not necessary, please feel free to complete the form in advance and email it to info@GreenShootsFX.com

Equally, if you prefer to apply directly online please do so here: OPEN ACCOUNT

Your relationship banker is not well versed in FX currency movements, is not likely going to call you when a currency you are interested in moves in, or against, your favor, and is not likely keeping up with global economic conditions that affect current and future rates and therefore your net profit.

Other GreenShootsFX benefits include, but not limited to:

• Better FX rates.
• Education on why paying/receiving in currency is financially better than paying/receiving in USD.
• Risk management tools such as window forwards, market orders, and more than 30 currency accounts.
• Introduction to vetted supply chain professionals.
• Beneficiary validation service.
• Rate alerts via text and/or email.

We are heavily focused on the United States, Canada, and Mexico.

But, we can onboard businesses located in the EU and select other countries too (please contact us for details).

These locations could be ideal to support your parent company, or subsidiaries/international operations.