Common use of International Wire Transfers Clause in Contracts

International Wire Transfers. International Wire Transfers may be subject to delays, charges imposed by other banks and changes in foreign currency exchange rates and/or currency type delivered to the beneficiary. If applicable, you agree to and accept any foreign exchange rate (FX Rate) provided by us at the time the foreign transfer was sent; as well as any foreign exchange rate that may be applied by the beneficiary bank. Currently, the Wire Transfer Service only supports sending U.S. dollar Wire Transfers. Because of the laws in some countries in which beneficiary banks are located, we cannot guarantee that your beneficiary will be able to receive U.S. dollars. If your Wire Transfer is converted to the local currency, the beneficiary bank may charge a fee for this exchange, which could reduce the amount that your beneficiary receives.