Common use of Account Numbers Clause in Contracts

Account Numbers. You agree that payment for ACH or wire credit transfers may be made solely by reference to the Account number of the recipient. The recipient account number and bank identification number (e.g., IBAN, RTN, or SWIFT BIC) you provided must be complete and accurate. You could lose the

Account Numbers. You agree that payment for ACH or wire credit transfers may be made solely by reference to the Account number of the recipient. The recipient account number and bank identification number (e.g., IBAN, RTN, or SWIFT BIC) you provided must be complete and accurate. You could lose thethe entire transfer amount if this information is incorrect. Clearing Firm is not obligated to determine whether a discrepancy exists between the name and the Account number shown on the transfer information.