Payments made easier.
Whether you do business locally, domestically, or both, a Letter of Credit from BTCU may be the best way for you to execute certain payments.
A Letter of Credit is our commitment to pay a third party on your behalf, based upon the presentation of required documents. The letter can also be used for lease payments to a landlord, payment for unpaid invoices, and services performed under a contractor agreement.
Standby Letter of Credit
- Use in lieu of cash deposits or performance bonds