Common use of Information You Provide for Wire Transfers Clause in Contracts

Information You Provide for Wire Transfers. a. Each payment order you provide to us must contain all of the information needed to complete the wire transfer. We have no obligation or responsibility to determine if the payment order is accurate or to detect errors contained in a payment order. You acknowledge that the authentication and security procedure (described below) is not designed to allow us to determine accuracy or to detect errors. b. You are solely responsible for correctly identifying the external account and bank that you are transferring funds to in your payment order. If you have told us to route funds through an intermediary bank, you are solely responsible for correctly providing the intermediary bank’s routing number. If the intermediary bank has suspended payment orders, you are still responsible for the payment order.