Make Payments and Receive Payments in USD - United States Dollar
Pay in United States Dollars (USD)
Mondial Change allows you to make international payments in USD (United States Dollar) with ease. Manage your United States Dollar beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not charge exchange commission on your USD operations (a spread is applied on the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in United States Dollar (USD)
Mondial Change allows you to receive payments in USD (United States Dollar). Payments in USD are received in an account in your name with a dedicated IBAN. This USD account with a nominative IBAN is provided to you free of charge. It allows you to receive USD payments from your clients or subsidiaries and also to hold United States Dollars. The USD can be reused to make payments in USD. The USD can also be converted into EUR or any other currency of your choice and repatriated to your bank account. The United States Dollar (USD) account can be located in France or other countries (see possible locations).
Do you want to hedge your exchange risk on the United States Dollar (USD)? Check our dedicated page on USD currency hedging.
Mondial Change Answers All Your Questions About Payments in United States Dollars (USD)
What is the timeframe for a USD payment to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for a United States Dollar transfer to be credited to the beneficiary's account. However, please note that these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if USD payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a payment in United States Dollar (USD)?
The fees applied to United States Dollar (USD) transfers generally range from 0 to 10 euros depending on the agreement made with Mondial Change's trading room. The rate primarily depends on your annual USD exchange volume and the number of United States Dollar payments made during the year.
Are there minimum or maximum amounts for payments in United States Dollar (USD)?
Mondial Change and its partners verify that your United States Dollar flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in United States Dollar (USD)?
For USD payments, you only need to provide one of the following sets of information:
• Full name of the beneficiary, Account number, SWIFT/BIC code
• Full name of the beneficiary, ABA/FW number, Account number, Bank name, Bank address
• Full name of the beneficiary, Account number, SWIFT/BIC code, ABA/FW number
Is it possible to modify a payment in United States Dollar (USD) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in United States Dollar (USD) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
Is the United States Dollar (USD) account provided to you a bank account, and is it nominative?
The United States Dollar (USD) account for which we provide you the details is not a bank account per se because the account holder is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN attached to the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a United States Dollar (USD) account for more information.
Is it possible to hold United States Dollars (USD) in the USD account provided to you?
You can use this United States Dollar (USD) account to receive or store United States Dollars. The funds can then be reused to issue payments in United States Dollar or be converted into other currencies. The account is also compatible for receiving USD payments from e-commerce platforms like Amazon or payment systems like Adyen or Stripe.
What are the holidays on which payments in United States Dollar (USD) cannot be executed?
January 1st: New Year’s Day
Variable date (3rd Monday of January): Martin Luther King Jr. Day
Variable date (3rd Monday of February): Washington’s Birthday / Presidents’ Day
Variable date (last Monday of May): Memorial Day
June 19th: Juneteenth National Independence Day
July 4th: Independence Day
Variable date (1st Monday of September): Labour Day
Variable date (2nd Monday of October): Columbus Day
November 11th: Veterans Day
Variable date (4th Thursday of November): Thanksgiving Day
December 25th: Christmas Day
History of the United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, the world's largest economy. The American Dollar is widely accepted and used globally for international transactions, foreign exchange reserves, and investments. Its status as a global reserve currency gives it significant influence over financial markets.
Monetary Policy of the United States Dollar
The monetary policy of the United States Dollar is managed by the Federal Reserve (Fed), the American central bank. The Fed's primary mandate is to promote price stability and full employment. To achieve these goals, the Fed uses tools such as interest rates, open market operations, and financial regulation. The United States Dollar is considered a relatively stable currency, supported by the credibility and transparency of American monetary policy. Fed decisions, particularly those concerning interest rates, have a significant impact on global financial markets and the dollar's exchange rate.
Characteristics of the United States Dollar
The United States Dollar has several notable characteristics. Firstly, it is subdivided into 100 cents, allowing for precise and flexible transactions. Additionally, American banknotes feature iconic symbols and historical figures, such as George Washington, Abraham Lincoln, and Benjamin Franklin. Due to the economic and financial dominance of the United States, the American Dollar is widely accepted and traded on international markets. It is often considered a safe haven during periods of global economic uncertainty, which enhances its demand and role as a reserve currency.