FOREIGN CURRENCY ITEMS. We may refuse to accept for deposit or collection items or wire transfers payable in a currency other than United States dollars. If we accept such an item or transfer, unless we otherwise agree, you have all the risk associated with currency value fluctuation (exchange rate risk). In addition, a fee may be charged for this service. Items drawn on banks outside the United States may not be paid as quickly as similar items drawn on banks located in the United States and may be returned unpaid at a later time than similar items drawn on banks located in the United States. You have the risk of a delayed or late return even if we make the funds available to you. You agree that we may use our current buying or selling rates respectively when processing a foreign currency item or wire transfer and may recover from your account any loss or fee incurred by us when processing such an item or transfer for you. FREEZING YOUR ACCOUNT We may freeze or restrict access to your account and other accounts that you maintain or control with us without liability to anyone if we decide to close your account or we suspect any suspicious, unauthorized or unlawful activities. During this time, we may either accept or return deposits, checks and other items. We will provide notice to you as soon as reasonably possible, which may be after we freeze or restrict your access to the account(s). HEADINGS Headings in this document are for reference only and are not binding.
FOREIGN CURRENCY ITEMS. Your items drawn on an institution located outside the United States are handled on a collection basis only. Amounts will be credited to your account when we receive final payment.
FOREIGN CURRENCY ITEMS. With respect to item payable in foreign currency, Bank acts as collecting agent for Account Xxxxxx. Account Holder has the exchange rate risk. If any item drawn in a foreign currency is not paid to Bank in the same amount of U.S. dollars as Bank may have credited to the Account or paid to Account Holder, Account Holder shall pay Bank in U.S. dollars upon demand, the difference between the amount in U.S. dollars paid to Account Holder or credited to the Account for the item, and the lesser equivalent in U.S. dollars of the amount of the item when Bank receives payment for the item. Bank shall have the right to debit any Account of Account Holder for such difference, as well as for any fee or charge incurred. Foreign currency and check deposits should be sent to the Deposit Operations Collections Department.
