Trade Finance Services

A trusted partner in international and domestic trade.

International and domestic trade can be complex, so you need dependable trade finance services designed to address specific trade risks. At Popular Bank, we can help ease international trade risks by guaranteeing payments with letters of credit or working with you as your documentary collection agent.1

Whether you’re a small company just getting started or an experienced mid-sized company, our trade finance services can give you the tools to import and export with confidence.

Could these trade finance services help you manage your trade risk?

When you move goods and services across borders, you are exposed to certain risks, such as non-payment, damage to goods, or fraud. Explore how our trade finance services can help.

Documentary letter of credit

Documentary letter of credit

Popular Bank can issue a documentary letter of credit to provide a secure and reliable payment method for the buyer and seller involved in the transaction.1

  • Mitigate the risks associated with international trade, particularly those related to non-payment or non-performance.
  • Outlines specific terms and conditions that must be met for payment.
  • Beneficial when building a new import-export relationship.

Standby letter of credit

Standby letter of credit

Popular Bank can issue a standby letter of credit to guarantee payment or performance obligations between the parties involved in any transaction.1

  • Guarantees the performance of certain tasks or specific obligations.
  • Facilitates trade by providing confidence and trust between trading parties.
  • Ensures legal and contractual compliance between parties.

Documentary collection

Documentary collection

Popular Bank acts as a facilitator and handles the transfer of documents and funds, however we do not guarantee payment like in a letter of credit.1

  • Allows the seller to maintain control over the shipping documents until payment or acceptance of the draft.
  • Lets the buyer inspect the documents before making payment.
  • Reduces the risk of paying for goods before receiving documents.

Benefit from our trade finance services.

Discover the different ways using letters of credit and documentary collection can help your business.

  • Secure payments for services or merchandise
  • Pay in foreign currency
  • Guarantee the undertaking of financial or performance obligations
  • Enhance your relationships with international clients and suppliers
  • Receive timely transaction payments 
trade finance services for your business

Why choose Popular Bank trade finance services?

Personalized service

Personalized service

Have direct contact with your Popular Bank Relationship Manager, who will become like an extension of your business.

Ease of doing business

Ease of doing business

Simplify your trade risks with our hands-on service, so you can import and expert with confidence.

Industry expertise

Industry expertise

Work with our trade finance experts who can help you navigate the global markets.

Let’s make a plan to drive your business forward.

Tell us more about your trade finance needs in the form below. A Popular Bank Relationship Manager will then contact you to walk you through the application process.

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Additional solutions to support your business.

Business money market

Business money market

Take advantage of competitive rates with a high-yield savings account.

Learn more
Business CDs

Business CDs

Lock in your idle cash at competitive interest rates, and start growing your savings.2

Learn more
Business checking solutions

Business checking solutions

Find the checking solution that meets the needs of your business.

Learn more
Treasury management

Treasury management

Check out our full suite of treasury management solutions.3

Learn more

Connect with us today.

We are ready to discuss how our trade finance services can help your business.

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1The issuance of a letter of credit or documentary collection is subject to the applicable rules published by the International Chamber of Commerce (ICC). For additional information please contact our Trade Finance Center today at 305-938-0121.

2A penalty will be imposed for early withdrawal. Fees may reduce earnings on the account.

3Terms, conditions and fees of accounts, products and services are subject to change.

The information provided is for informational purposes only, is intended to provide general guidance and does not constitute legal or tax advice. Each person’s situation is unique and may materially differ from the information provided herein. You should seek the advice of a financial professional, tax consultant and/or legal counsel to address your specific needs before any financial or other commitments regarding the issues related to your situation are made. Popular Bank does not make any representations or warranties as to the content contained herein and disclaims any and all liability resulting from any use of or reliance on such content.

Please never share your Popular account details with anyone. Popular will never ask you for your password through email, social media or a third-party website. Learn more.