Letter of Credit
See domestic or international transactions through, with a letter of credit from Integrity Bank & Trust. A letter of credit can override concerns such as a lack of familiarity, distance, or cross-cultural customs and legalities.
We guarantee you're good for the funds, and hold payment until goods or services are rendered — ensuring good business, both at home and abroad.
- Guarantee payments on large purchases
- Can also be used to guarantee a service
- Typically issued for a 1-year term or less
- Terms easily renewed
- Fee is based on face value amount
- Interest accrues only when beneficiary requests an advance
- Can replace need for an insurance company performance bond