Julio M. Herrera Velutini is an international banking professional born into a family that has been active in the Latin American banking industry for more than 120 years. In his position as chairman of an international bank based out of Puerto Rico, Julio Herrera Velutini aims to provide his customers with the convenience of easily accessing his establishment’s services online. The following questions and answers about international banking can help prospective customers better understand the services and benefits that international banks have to offer. Q: What is the difference between domestic and international banks? A: Both domestic and international banks function as firms that collect and lend money, however international banks are able to connect savers and borrowers from different countries. Additionally, international banks assist in trades and financial agreements between business people on a global scale, and help moderate foreign currency exchange rates. Q: What are the benefits of international banking? A: Because international banks connect businesspeople from different countries, the market is open 24 hours a day, 7 days a week, making it much more accessible to clients than conventional banking methods. Additionally, foreign currency exchange is simple and swift for international banking clients, and the process provides some protection against fluctuations in exchange rates. Q: Who should consider using an international bank? A: International banking is best suited for individuals who frequently travel or work abroad, who receive income in multiple forms of currency, or who want to send money or make payments in multiple currencies with ease.
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AuthorMr. Velutini has experience with both established banks and young banks. S Archives
December 2017
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