Letters of Credit

Facilitate domestic or foreign trade while reducing obstacles
The Right Solution for Your Business

Whether your business takes you across the world or from coast to coast, rest assured Dime Community Bank has the solution for your business.

Dime will work with you to provide fixed Standby Letters of Credit to ensure your transactions are uninterrupted.

Plan your next deal.
Let’s talk about what we can do for you.
What can Dime do for you?
The Dime Difference

Dime Community Bank is a partner committed to the success of your company. Our relationship managers will meet with you, discuss your needs and assist you in structuring fixed Standby Letters of Credit. With a trade letter of credit, you can reduce risk while ensuring the receipt and payment of goods on behalf of both parties.

Standby Letters of Credit

Guarantee payment to a vendor or supplier to facilitate delivery of a product or service. Letters of Credit protect third parties from any losses should your business fail to perform an obligation. Typically, these credits help with payments for unpaid invoices or contract-related monetary obligations.

Standby Letters of Credit Features
The right solution for:
  • Foreign trade

  • Loss mitigation

  • Advance payment

Applying for a Standby Letter of Credit is Easy.
Just follow these simple steps.
  1. Complete the Interest Form
    Let's talk about what we can do for you.
  2. Meet with a Dime Relationship Manager
    Our relationship manager will meet with you and work with you to find the right terms.
  3. Access funds in a timely fashion
    Our approval process is local. That means you’ll get your letter of credit sooner.