AUTOMATIC DOMESTIC WIRE TRANSFER ACCEPTANCE OF TERMS AND CONDITIONS Sample Clauses

AUTOMATIC DOMESTIC WIRE TRANSFER ACCEPTANCE OF TERMS AND CONDITIONS. This Wire Transfer Agreement between IDB Global Federal Credit Union (“Credit Union”) and Member and its authorized agents (hereafter “Member" or "Originator") governs the origination and receipt of wire transfers on behalf of the Member. This Wire Transfer Agreement and the applicable Membership and Account Agreement shall apply to each funds transfer as defined in Article 4A of the Uniform Commercial Code (“UCC Article 4A”) and as covered by Regulation J of the Board of Governors of the Federal Reserve System (“Regulation J”). UCC Article 4A and Regulation J establish a comprehensive legal framework covering the duties, responsibilities and liabilities of all parties involved in a funds transfer. Using the Credit Union to send or receive wire transfers shall constitute acceptance of this agreement THE ORIGINATOR The originator is the member that request a wire transfer in person or within their online banking access.
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Related to AUTOMATIC DOMESTIC WIRE TRANSFER ACCEPTANCE OF TERMS AND CONDITIONS

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