In addition to any applicable fees, City National Bank makes money when we convert one currency to another currency for you. The exchange rate used when City National Bank converts one currency to another is set at our sole discretion, and it includes a markup. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The applicable exchange rate does not include, and is separate from, any applicable fees. The exchange rate City National Bank provides to you may be different from exchange rates you see elsewhere. Different customers may receive different rates for transactions that are the same or similar, and the applicable exchange rate may be different for foreign currency cash, drafts, checks, or wire transfers. Foreign exchange markets are dynamic and rates fluctuate over time based on market conditions, liquidity, and risks. City National Bank is your arms-length counterparty on foreign exchange transactions. We may refuse to process any request for a foreign exchange transaction.

Treasury Management Solutions Terms and Conditions apply. Please see cnb.com/agreements.