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.

Essentials
  • 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