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ITS
International Treasury Services

International Treasury Services

The Bureau of the Fiscal Service provides international payment services to federal agencies allowing payments to be made in 140 currencies in more than 200 countries.

Federal agencies use the International Treasury Services (ITS) web application, ITS.gov, to issue payments to recipients in foreign countries. ITS can support payments in either foreign currency or USD depending on the needs of the federal agency and supports both one-time and recurring payments, including vendor, benefit, payroll, or other payment types.

Using Fiscal Service's ITS application, agencies can send payments to foreign countries in any of these ways:

  • As electronic U.S. dollar transfers without a corresponding U.S. financial institution
  • As a foreign currency check
  • Through Western Union

Free for Federal Agencies

There is no cost to federal agencies to use ITS.gov. The U.S. Treasury pays all transaction fees associated with processing international payments and collections.

Benefits of ITS

Secure web-based application for making international payments, including collections

All payments are OFAC-screened. OFAC administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals

Alleviates the increasing check cashing issues with recipients outside the U.S.

ITS.gov will allow for spot or advanced rate currency options

Enrollment is easy!!!

Offers the lowest costs for sending international payments

Purchases the foreign currency amount at the time of payment at the most competitive rate possible, maximizing agency cash management.

Employs the latest enhanced security technology including two factor authentication through PKI

Expedites payment settlement

Provides the ability to process international electronic payments in emerging markets

Reference and Guidance

For regulations and guidance pertaining to ITS, visit the Electronic Funds Transfer (EFT) pages.

REGULATIONS & GUIDANCE

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Last modified 03/20/20