Common use of FOREIGN CHECKS OR DRAFTS Clause in Contracts

FOREIGN CHECKS OR DRAFTS. Checks drawn on financial institutions located outside the U.S. (foreign checks) cannot be processed in the same manner as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes us to collect the funds from the financial institutions upon which they are drawn. Additional fees may apply and may vary pursuant to the terms of the transaction.

FOREIGN CHECKS OR DRAFTS. Checks drawn on financial institutions located outside the U.S. (foreign checks) cannot be processed in the same manner as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this disclosure. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes us to collect the funds from the financial institutions upon which they are drawn. Additional fees may apply and may vary pursuant to the terms of the transaction.