Eurobank
What is a Eurobank?
A eurobank is a financial institution that makes loans and accepts deposits in foreign currencies -- simplifying international trade, transactions and investing.
How Does a Eurobank Work?
If an American company wants to buy parts from a European company, it can use a eurobank to obtain the proper currency. Rather than holding foreign currency in its own account, an American company can simply pay a eurobank in dollars, and the eurobank will complete the transaction in euros.
Why Does a Eurobank Matter?
Eurobank facilitates global trade and flows of capital between countries, promoting international economic growth and development. In addition to providing international financial services, eurobanks creates rate competition among banks and meets the demand of international investors wanting to hold foreign currencies.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.