DBT expands online banking services for hedge funds, institutions and family offices
DMS Bank & Trust (DBT) has expanded its online banking capabilities, giving hedge funds, institutions, family offices and other banking customers a faster and more convenient way to manage their banking accounts.
Through a strategic relationship with one of its AA rated financial service counterparties, DBT now offers real-time foreign currency capabilities via the bank's online portal. All foreign exchange transactions initiated online up to 4:00 PM EST, subject to currency and amount, will be processed the same day.
DBT offers all major currencies, providing a seamless way for banking clients to manage their bank accounts and transactions whether based in the US, Europe, Latin America, the Middle East or Asia.
When provided full due diligence information, DBT can establish bank accounts within 48 hours and provide secure, online 24/7 access anywhere in the world. By streamlining its payment processing, DBT allows payment cut off times up to four hours later than at traditional retail banks. DBT offers a high standard of compliance, including sophisticated algorithms that assist in meeting anti-money laundering rules.
"We are delighted by the industry recognition, which we believe reflects our ongoing effort to provide first-rate service to our clients while maintaining a high level of personal attention. We are passionate about serving our clients with intensity and aspire to deliver institutional banking better than anyone else in the world," says Jazeb Jones, chief executive of DBT.
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