Common use of Foreign Transfers Clause in Contracts

Foreign Transfers. Foreign transfers may be subject to delays, charges imposed by other financial institutions, and changes in foreign currency exchange rates. If you direct a payment order to a foreign country, FSB may execute the order in the currency of the country of the payee’s bank at either FSB’s buying rate of exchange for U.S. dollar transfers or the exchange rate of the payee bank. If for any reason the payment order is returned to FSB, you agree to accept the refund in U.S. dollars in the amount of the foreign money credit, based on the current buying rate on the day of the refund, less any charges and expenses FSB incurs. Intermediary banks may deduct their fees from the amount of any payment order they process.

Foreign Transfers. Foreign transfers may be subject to delays, charges imposed by other financial financial institutions, and changes in foreign currency exchange rates. If you direct a payment order to a foreign country, FSB may execute the order in the currency of the country of the payee’s bank at either FSB’s buying rate of exchange for U.S. dollar transfers or the exchange rate of the payee bank. If for any reason the payment order is returned to FSB, you agree to accept the refund in U.S. dollars in the amount of the foreign money credit, based on the current buying rate on the day of the refund, less any charges and expenses FSB incurs. Intermediary banks may deduct their fees from the amount of any payment order they process.

Foreign Transfers. Foreign transfers may be subject to delays, charges imposed by other financial financial institutions, and changes in foreign currency exchange rates. If you direct a payment order to a foreign country, FSB may execute the order in the currency of the country of the payee’s 's bank at either FSB’s 's buying rate of exchange for U.S. dollar transfers or the exchange rate of the payee bank. If for any reason the payment order is returned to FSB, you agree to accept the refund in U.S. dollars in the amount of the foreign money credit, based on the current buying rate on the day of the refund, less any charges and expenses FSB incurs. Intermediary banks may deduct their fees from the amount of any payment order they process.