Common use of FOREIGN CURRENCY ITEMS Clause in Contracts

FOREIGN CURRENCY ITEMS. We may refuse to accept for deposit or collection items or wire transfers payable in a currency other than United States dollars. If we accept such an item or transfer, unless we otherwise agree, you have all the risk associated with currency value fluctuation (exchange rate risk). In addition, a fee may be charged for this service. Items drawn on banks outside the United States may not be paid as quickly as similar items drawn on banks located in the United States and may be returned unpaid at a later time than similar items drawn on banks located in the United States. You have the risk of a delayed or late return even if we make the funds available to you. You agree that we may use our current buying or selling rates respectively when processing a foreign currency item or wire transfer and may recover from your account any loss or fee incurred by us when processing such an item or transfer for you. We may freeze or restrict access to your account and other accounts that you maintain or control with us without liability to anyone if we decide to close your account or we suspect any suspicious, unauthorized or unlawful activities. During this time, we may either accept or return deposits, checks and other items. We will provide notice to you as soon as reasonably possible, which may be after we freeze or restrict your access to the account(s). Headings in this document are for reference only and are not binding.

FOREIGN CURRENCY ITEMS. We may refuse to accept for deposit or collection items or wire transfers payable in a currency other than United States dollars. If we accept such an item or transfer, unless we otherwise agree, you have all the risk associated with currency value fluctuation (exchange rate risk). In addition, a fee may be charged for this service. Items drawn on banks outside the United States may not be paid as quickly as similar items drawn on banks located in the United States and may be returned unpaid at a later time than similar items drawn on banks located in the United States. You have the risk of a delayed or late return even if we make the funds available to you. You agree that we may use our current buying or selling rates respectively when processing a foreign currency item or wire transfer and may recover from your account any loss Loss or fee incurred by us when processing such an item or transfer for you. We may freeze or restrict access to your account and other accounts that you maintain or control with us without liability to anyone if we decide to close your account or we suspect any suspicious, unauthorized or unlawful activities, without liability to anyone. During this time, we may either accept or return deposits, checks and other items. We will provide notice to you as soon as reasonably possible, which may be after we freeze or restrict your access to the account(s). Headings in this document are for reference only and are not binding.