Rates and products offered may differ from state to state. To see the rate and offering available to you, please select the state where you bank. (Your privacy is important to us—see our Privacy Notice).
Amegy Announces eFX
Your Business Can Benefit From Same Day ACH
A mix of updated technology, old fashioned competition, and the constant drive to expand markets or find new sources for goods and services has placed more of Amegy Bank’s clients into the global market.
While it is correct to think that the typical Amegy Bank FX client is an energy services firm, you would overlook many other prospects - like vintners in the Panhandle and breweries in Houston who now find themselves in direct competition with those from Provence or Hamburg. Local farm to table produce companies are sourcing from Mexico, while grocers are importing fine foods from Europe. And many of our local entrepreneurs are selling products and services overseas, expanding their markets and profit margins. Along with this increased business and broader marketplace comes increased risks.
To assist our clients in some of the simpler aspects of managing these risks, we previously offered our clients a very robust, yet somewhat restricted FX platform that enabled them to execute FX trades for immediate settlement. Using a secured, token-based authentication, clients could price, approve, and execute single or multiple FX transactions and authorize the resultant wires. However, our clients’ increased activity in foreign markets also increased their need for more sophisticated FX products and services. This prompted Amegy Bank FX Services to work with a leading financial services software designer to bring our clients a new enhanced FX execution platform, called .
With , Amegy Bank’s commercial clients are still able to quickly and easily execute simple FX transactions at streaming market rates. Enhancements over the current platform provide the qualified client on-line access to FX-denominated foreign currency accounts that can be useful in managing payables and receivables. The more sophisticated client can now execute FX Swaps, Forwards, and Time Options - all under the protection of 128-bit SSL encryption.
We are also very proud of a unique feature called trader intervention. Trader intervention enables the client to initiate contact directly with their FX Advisor via the platform without having to exit the application or even pick up the phone. This is a particularly vital feature for clients who may be dealing in illiquid currencies or when market conditions may prompt some banks to curtail client access to on-line pricing.
provides our clients the best of both worlds: 1) secured and fully automated trading and delivery when time is short and matters most and 2) access to an experienced FX advisor when the underlying financial transaction may be impacted by pricing or market conditions. What once might have been a cumbersome, time consuming, yet critical process has been streamlined and made more secure, while still providing transactional pricing appropriate to commercial users.
Our current eFX product will be retired in the fall. If you use our service, your FX advisor will be contacting you to schedule time to upgrade your system.
For more information, please call Laura Garcia at 713-232-1101.
For faster credit transaction delivery and the ability to conduct emergency or same-day payroll, consider taking advantage of Same Day ACH!
Beginning September 23, 2016, ACH credits originated through Amegy Bank meeting all of the following criteria will be processed and settled as Same Day ACH transactions:
Same Day Transaction fees (generally, $1 per transaction) will apply to transactions going to banks other than Amegy Bank. Same day transactions destined for Amegy Bank accounts will be processed and settled on the same day as long as they are received for processing by the evening cutoff time and Same Day ACH charges will not apply to these internal transactions.
Initially, the federal government will not participate in the Same Day ACH implementation. Therefore, any entry originated from, or received by, the federal government will not be eligible for same day settlement and will continue to settle on a future date. For example, federal tax payments will not qualify for same day ACH settlement.
Click here for more information, and contact our Treasury Management department at 713-235-8805 if you have any questions.
*If you use AmegyConnect® to originate ACH transactions, you must be enrolled in Same Day ACH to take advantage of same-day settlement.
Back to Top
Amegy Bank is pleased to extend the daily deadlines on the following services:
Positive Pay Exceptions 3:30 p.m. CT
ACH Positive Pay Exceptions 3:30 p.m. CT
AmegyConnect Stop Payments 10:00 p.m. CT
We hope these new deadline extensions will enhance your online banking experience.
Dallas Association of Financial Professionals (DAFP) Conference | September 20, 2016 | Irving, TX
The DAFP is an association for individuals in treasury and financial careers in Dallas and surrounding areas. DAFP is one of five Texas regional organizations in the Alliance of Texas Treasury Associations which host TEXPO every five years.
DAFP’s annual “Big D Financial Conference” is a continuing education and networking event. Amegy Bank is proud to be a sponsor of this event which will take place on September 20th.
Houston Treasury Management Association (HTMA) l Space City Cash Conference l September 22, 2016 l Houston, TX
HTMA seeks to promote Houston’s Treasury Management profession. HTMA has a network of approximately 200 Corporate Treasury Professionals from various industries.
Amegy Bank is a sponsor of the Space City Cash Conference and will also be a part of the keynote panel discussion which will include a 2016 Energy Market update.
Association of Financial Professionals (AFP) Conference | October 23-26, 2016 | Orlando, FL
The AFP Annual Conference brings together more than 6,500 treasury and finance professionals. Amegy Bank participates in the educational and networking events at this conference. This year’s theme is “Break Boundaries.” You will have the opportunity to Expand Your Focus, Tear Down the Silos, Make Unexpected Connections, and Find Valuable Insights.
If you plan to attend, we encourage you to let your Treasury Management Officer or Amegy Banker know so we can include you in our Amegy Bank event communication.