Common use of Domestic Wire Transfers Clause in Contracts

Domestic Wire Transfers. If I arrange for a wire transfer to be directed to My Investing Account, I am responsible for ensuring that such wire is initiated properly, addressed properly, and bears appropriate wire instructions in exactly the form required by Company for identification of Me and My Investing Account. I understand that any erroneous, mismatched or incomplete identifying information on an incoming wire transfer may result in such wire being rejected, lost, posted to an incorrect Investing Account or returned to the originating bank without notice to Me and I agree to indemnify and hold Public Investing Parties harmless from any Losses arising out of or relating to any erroneous, mismatched or incomplete identifying information on an incoming wire. By sending Company a wire transfer request, I authorize Company and its bank service provider to act on My behalf to initiate the wire transfer or check disbursement. It is My responsibility to ensure that My instructions are accurate before requesting Company to initiate a wire transfer. In order to complete My wire transfer request, My name and My address on file in My Investing Account must match what I have on file at the recipient bank; and I must provide the correct recipient bank’s name, recipient bank’s address, recipient bank account number, and BIC/SWIFT code. In accepting wire transfer requests, Company may rely upon the identifying number (such as routing number, account number and BIC/SWIFT code) of the recipient, the recipient’s financial institution or any intermediary bank, as instructed. Also, the recipient’s bank in the wire transfer requests may make payment on the basis of the identifying number even if it identifies a person or entity different from the named recipient. If I provided Company with incorrect instructions or recipient information I may lose the amount of the wire transfer. I agree to indemnify and hold Public Investing Parties harmless from any Losses arising out of or relating to any erroneous, mismatched or incomplete identifying information on an outgoing wire. I must have sufficient available balance in My Investing Account to cover the wire transfer amount and the wire transfer fee at the time I send Company the wire transfer request. Company will not be obligated to make any wire transfer unless I have sufficient available balance in My Investing Account to cover the wire transfer amount and the wire transfer fee at the time I send Company the wire transfer request. Company has the right to neither send nor process any wire transfer request without notice in the event of insufficient available funds. Company may also reject any wire transfer request for any reason or no reason. All wire transfer requests provided to Company are subject to its review and acceptance. Company confirmation, if any, of the receipt of My wire transfer request is an indication only that Company has received My wire transfer request. Company reserve the right to refuse to pay any wire transfer recipient whom I designate in the wire transfer request. A wire transfer request cannot be amended or canceled after Company receives it. Company may in its sole discretion attempt to abide by a subsequent request for a change, but Company is not obligated to do so. Any acceptance by Company of a request by Me to amend, recall, or trace a wire transfer is made conditionally upon the express understanding by Me that Company cannot guarantee fulfillment of such a request and that Company is not responsible for any failure to change, recall, or trace such wire transfer. I agree to indemnify and hold Public Investing Parties harmless from any Losses arising out of or relating to an attempt to amend or cancel a wire transfer. All wire transfer requests received by Company after the cutoff time will be reviewed and processed within a commercially reasonable time, generally within one business day. Wire transfer requests entered after the cutoff time may start to process immediately, in Company’s sole discretion. I understand that any cutoff times referenced in this Public Brokerage Agreement reflect the times displayed on Company’s internal system clocks and may not necessarily be synchronized with the internal clock displayed on My personal device. For this reason, Company suggests that I send any wire transfer requests to Company sufficiently in advance of such cutoff times to eliminate the possibility of missing the cutoff. Notwithstanding any information I provide on My wire transfer request to the contrary, Company reserves the right to use any funds transfer system and intermediary bank in the execution of My wire transfer request, and Company may use any means of executing wire transfer requests that it deems reasonable in the circumstances. I authorize such funds transfer systems and any intermediary or recipient banks to deduct fees from the funds transferred. I understand that Company or any intermediary or recipient banks may apply their prevailing currency exchange rate(s) in the conversion and payment of funds. I am aware that currency exchange rates fluctuate over time and I accept the risks of such fluctuation. I also understand that all incoming and outgoing wire transfers must be in U.S. dollars. I agree that I will not hold Public Investing Parties liable for any damages resulting from an intermediary or recipient bank’s decision not to accept any wire transfer. Company is not responsible for any fees, delay, misplacement, loss, errors, any act or failure to act by Company or an intermediary or recipient bank or any other third party. I agree that My wire transfers are subject to the fees set forth in Company Commissions and Fees schedule, available at xxxxx://xxxxxx.xxx/disclosures. I also agree that I am solely responsible for all such fees, including, without limitation, wire transfer reversal fees for both incoming and outgoing wire transfer requests. Additionally, I agree that I am solely responsible for any additional fees that any originating, intermediary, or recipient banks may charge.

Domestic Wire Transfers. If I arrange for a wire transfer to be directed to My Investing Account, I am responsible for ensuring that such wire is initiated properly, addressed properly, and bears appropriate wire instructions in exactly the form required by Company You for identification of Me and My Investing Account. I understand that any erroneous, mismatched or incomplete identifying information on an incoming wire transfer may result in such wire being rejected, lost, posted to an incorrect Investing Account or returned to the originating bank without notice to Me and I agree to indemnify and hold Public Investing Parties You and Your affiliates harmless from any Losses arising out of or relating to any erroneous, mismatched or incomplete identifying information on an incoming wire. By sending Company You a wire transfer request, I authorize Company You and its Your bank service provider to act on My my behalf to initiate the wire transfer or check disbursement. It is My responsibility to ensure that My instructions are accurate before requesting Company You to initiate a wire transfer. In order to complete My wire transfer request, My name and My address on file in My Investing Account must match what I have on file at the recipient bank; and I must provide the correct recipient bank’s name, recipient bank’s address, recipient bank account number, and BIC/SWIFT code. In accepting wire transfer requests, Company You may rely upon the identifying number (such as routing number, account number and BIC/SWIFT code) of the recipient, the recipient’s financial institution or any intermediary bank, as instructed. Also, the recipient’s bank in the wire transfer requests may make payment on the basis of the identifying number even if it identifies a person or entity different from the named recipient. If I provided Company You with incorrect instructions or recipient information I may lose the amount of the wire transfer. I agree to indemnify and hold Public Investing Parties You and Your affiliates harmless from any Losses arising out of or relating to any erroneous, mismatched or incomplete identifying information on an outgoing wire. I must have sufficient available balance in My Investing Account to cover the wire transfer amount and the wire transfer fee at the time I send Company You the wire transfer request. Company You will not be obligated to make any wire transfer unless I have sufficient available balance in My Investing Account to cover the wire transfer amount and the wire transfer fee at the time I send Company You the wire transfer request. Company has You have the right to neither send nor process any wire transfer request without notice in the event of insufficient available funds. Company You also may also reject any wire transfer request for any reason or no reason. All wire transfer requests provided to Company You are subject to its Your review and acceptance. Company Your confirmation, if any, of the receipt of My wire transfer request is an indication only that Company has You have received My wire transfer request. Company You reserve the right to refuse to pay any wire transfer recipient whom I designate in the wire transfer request. A wire transfer request cannot be amended or canceled after Company receives You receive it. Company You may in its Your sole discretion attempt to abide by a subsequent request for a change, but Company is You are not obligated to do so. Any acceptance by Company You of a request by Me to amend, recall, or trace a wire transfer is made conditionally upon the express understanding by Me that Company You cannot guarantee fulfillment of such a request and that Company is You are not responsible for any failure to change, recall, or trace such wire transfer. I agree to indemnify and hold Public Investing Parties You and Your affiliates harmless from any Losses arising out of or relating to an attempt to amend or cancel a wire transfer. All wire transfer requests received by Company You after the cutoff time will be reviewed and processed within a commercially reasonable time, generally within one business day. Wire transfer requests entered after the cutoff time may start to process immediately, in Company’s Your sole discretion. I understand that any cutoff times referenced in this Public Brokerage Agreement reflect the times displayed on Company’s Your internal system clocks and may not necessarily be synchronized with the internal clock displayed on My personal device. For this reason, Company suggests You suggest that I send any wire transfer requests to Company You sufficiently in advance of such cutoff times to eliminate the possibility of missing the cutoff. Notwithstanding any information I provide on My wire transfer request to the contrary, Company reserves You reserve the right to use any funds transfer system and intermediary bank in the execution of My wire transfer request, and Company You may use any means of executing wire transfer requests that it deems You deem reasonable in the circumstances. I authorize such funds transfer systems and any intermediary or recipient banks to deduct fees from the funds transferred. I understand that Company or any intermediary or recipient banks may apply their prevailing currency exchange rate(s) in the conversion and payment of funds. I am aware that currency exchange rates fluctuate over time and I accept the risks of such fluctuation. I also understand that all incoming and outgoing wire transfers must be in U.S. dollars. I agree that I will not hold Public Investing Parties liable for any damages resulting from an intermediary or recipient bank’s decision not to accept any wire transfer. Company is not responsible for any fees, delay, misplacement, loss, errors, any act or failure to act by Company or an intermediary or recipient bank or any other third party. I agree that My wire transfers are subject to the fees set forth in Company Commissions and Fees schedule, available at xxxxx://xxxxxx.xxx/disclosures. I also agree that I am solely responsible for all such fees, including, without limitation, wire transfer reversal fees for both incoming and outgoing wire transfer requests. Additionally, I agree that I am solely responsible for any additional fees that any originating, intermediary, or recipient banks may charge.