Common use of Fees and Payment Route Clause in Contracts

Fees and Payment Route. We may charge a fee when you use our Wire Transfer Service (please refer to the Velo by East West Bank Fee Schedule for information on fees that may apply). Fees may also be imposed by other banks (i.e., intermediary, correspondent and/or beneficiary banks) or transfer service providers, and the amount your recipient receives may be reduced by such fees. You are responsible for all fees and taxes, including our fees and any fees charged by other banks or funds transfer system involved in the transfer. We may also use any funds transfer system we believe reasonable to complete your request, regardless of any instructions you might give us. If we are also the recipient’s bank, we may complete your request using an internal transfer.