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Export Letters of Credit

Export letters are a primary payment mechanism in which Banco General, on behalf of the client, promises to pay the seller a specific sum of money, provided that certain terms previously established in the contract are met.

Benefits of Export Letters of Credit

  • Shipping documents are handled by the Bank
  • Minimizes the risk of nonpayment
  • Repayment assurance

View details on your Letters of Credit through our On-Line Business Banking (Banca en Línea Comercial) service, 24 hours a day, from anywhere in the world.

Take advantage of our Letters of Credit today and provide your company with more opportunities to grow! Call (507)303-5001 and our experienced Foreign Trade staff will guide you towards the best financial alternative for your business.