Execution of Wire Transfers. An Instruction for a wire transfer request is considered accepted by us when we execute the wire transfer. We will only accept an Instruction for a wire transfer request if (1) we actually receive wire Instructions from you; (2) the Instructions identify the Authorized Account from which the wire will be paid; (3) you have sufficient available funds in the Authorized Account to pay for the wire and any applicable fees; (4) the requested wire transfer would not exceed any applicable transaction limits or restrictions; (5) the request is made in accordance with applicable Security Procedures; and (6) complies with applicable federal and state laws, as well as the rules of the applicable payment system. You must pay us the amount of the wire transfer, plus any applicable fees, before we will execute the request. You may give us a wire Instruction electronically, or in writing, but your order cannot state any condition to payment to the beneficiary other than the time of payment.
Execution of Wire Transfers. 2.1 By submitting a wire transfer, Customer authorizes Bank to withdraw the amount of any requested wire transfer which Customer may authorize and instruct via the Bank Internet System, plus any applicable fees and charges, from Customer’s designated Account. Subject to the terms of this Appendix, Bank will accept and execute a wire transfer received from Customer that has been authenticated by Bank and that is in conformity with the Security Procedure (as further described below), cut-off times and other requirements as described in this Appendix and associated Bank setup form(s) and other documentation.
2.2 All wire transfers to accounts at other depository institutions are transmitted using the Fedwire funds transfer system owned and operated by the Federal Reserve Bank, or a similar wire transfer system used primarily for funds transfers between financial institutions.
2.3 Each wire transfer must include the following information in addition to any information which Bank may require for proper identification and security purposes: (i) account number from which the funds are to be withdrawn, (ii) amount to be transferred, (iii) name and ABA routing number of the payee’s bank, and (iv) account name, address and account number of the payee. In the event a wire transfer describes an account number for the payee that is in a name other than the designated payee, Bank may execute the wire transfer to the account number so designated notwithstanding such inconsistency.
2.4 Templates created by Customer for Repetitive Transfers are the sole and exclusive responsibility of Customer. Customer agrees to release and hold Bank harmless from any loss or liability which Customer may incur after Bank has executed a Repetitive Transfer, including without limitation, any loss due to Customer error in creating the Repetitive Transfer template.
Execution of Wire Transfers. 3.1 Subject to the terms of this Agreement, Bank will accept and execute a Payment Order from you or your Authorized User when such Payment Order (1) has been authenticated by Bank; (2) is in conformity with the security procedures (as further described below) and other requirements as described in this Agreement, associated Set-up Form(s) and/or other documentation we may require; and (3) is received by Bank prior to the applicable cut-off time on a Business Day. All wire transfers to accounts at other depository institutions are to be transmitted using the Fedwire funds transfer system owned and operated by the Federal Reserve Bank, or a similar correspondent facility or wire transfer system used primarily for fund transfers between financial institutions as selected by the Bank from time to time. Payment Orders will be deemed executed by Bank at the time of transmittal to the Federal Reserve Bank or such similar correspondent facility.
3.2 Except as otherwise provided herein, each Payment Order must include the following information in addition to any information which Bank may require for proper identification and security purposes: (a) Account number from which the funds are to be withdrawn, (b) amount to be transferred, (c) currency type, (d) name and ABA routing number of the beneficiary's bank, and (e) name, address and account number of the beneficiary. In the event an order describes an account number for the beneficiary that is in a name other than the designated beneficiary, Bank may execute the order to the account number so designated, notwithstanding such inconsistency. If your Payment Order is submitted by e-mail or fax, you must include only the last five (5) digits of the Account number from which the funds are to be withdrawn. The full Account number will be obtained by Bank as part of the call-back procedure described in Section 9.
Execution of Wire Transfers. By submitting a wire transfer request, Customer authorizes and instructs Bank to withdraw the amount of any requested wire transfer, plus any applicable fees and charges, from Customer’s designated Deposit Account. Subject to the terms of this Agreement, Bank will accept and execute a wire transfer received from Customer that has been authenticated by Bank and is in conformity with the Security Procedures, cut-off times, transaction limits and other requirements as described in this Agreement and any associated exhibits, the Set-Up Form(s) and other documentation. Bank will reject wire transfer orders that would cause Customer's transactions to exceed any daily transaction limit or any daily exposure limit established by Bank for Customer. Such daily transaction limit and the daily exposure limit may be modified from time to time upon request of Customer in accordance with Bank’s rules and policies. Any change to such limits shall be in Bank’s sole discretion.Customer shall, upon request by Bank from time to time, provide Bank with such financial information and statements and such other documentation as Bank reasonably determines to be necessary or appropriate regarding the financial condition of Customer as Bank may reasonably request to enable Bank to evaluate its exposure or risk. Any transaction, exposure or similar Time of Execution - Domestic Wires. Bank will execute each wire transfer request that is authenticated by and in conformity with all Security Procedures, cut-off times and other requirements set forth herein, on the Business Day received or on the Business Day requested by Customer if the wire transfer request is future-dated. Bank may require additional authentication of any wire transfer request. Bank reserves the right to reject a wire transfer request that cannot be properly authenticated. Cut-off times may be established and changed by Bank from time to time. Instructions for wire transfers received after such cut-off times may be treated by Bank for all purposes as having been received on the following Business Day.
Execution of Wire Transfers. 3.1 Customer shall be responsible for the creation of all templates. Bank shall not be liable for any error in the set-up or creation of any template and Customer agrees to release and hold Bank harmless from any loss or liability due to Customer error.
3.2 Customer may warehouse Wire Transfers up to fourteen (14) days in advance of settlement date.
3.3 Domestic Wire Transfers initiated and approved by 5:00 P.M. Eastern Time and International Wire Transfers initiated and approve by 3:30 P.M. Eastern Time on a Business Day will be processed that same day if that day is also a Business Day for Bank’s correspondent facility and the recipient bank; transfers initiated and approved after the respective Wire Transfer cut-off times will be processed the next Business Day if that day is also a Business Day for Bank’s correspondent facility and the recipient Bank. Confirmation of wire transfer is available via Republic Treasury Direct. 3.4 Domestic and International Wire Transfers may be requested in person at the Customer’s designated Bank branch. Domestic Wire Transfers at a Bank branch can be initiated until 5:00 P.M. Eastern Time on a Business Day and will be processed that same day if that day is also a Business Day for Bank’s correspondent facility and the recipient bank; transfers requested after 5:00 P.M. Eastern Time will be processed the next Business Day if that day is also a Business Day for Bank’s correspondent facility and the recipient bank.
