Common use of FOREIGN ITEMS Clause in Contracts

FOREIGN ITEMS. If you deposit an item drawn on a non-U.S. bank or payable in a foreign currency, and we agree to collect it, we may convert the item to U.S. Dollars using our exchange in effect on the date we select and may charge your account for the amount of any third party fees we are required to pay in connection with such item. You accept all risks of currency fluctuation and late return.