INTERNATIONAL WIRES Sample Clauses
The International Wires clause governs the process and requirements for sending or receiving funds across international borders via wire transfer. It typically outlines the necessary banking information, responsibilities for transfer fees, and timelines for when funds are considered received. This clause ensures that both parties understand the procedures and obligations involved in international payments, reducing the risk of delays, miscommunication, or disputes related to cross-border financial transactions.
INTERNATIONAL WIRES. Payment Orders for the transfer of U.S. Dollars may be paid in U.S. Dollars and transferred to a beneficiary located in the United States. If transferred to a beneficiary located in a foreign country, the beneficiary’s bank may elect to pay the beneficiary in foreign currency, at that bank’s buying rate of exchange for wire transfers. Refunds of U.S. Dollar order shall be in the U.S. Dollar amounts. Refunds of foreign currency orders shall be in the amount of U.S. Dollars that can be bought for the foreign currency amount at Bank’s then current rate of exchange. In no event shall Bank be liable for any losses resulting from fluctuation in foreign exchange rates or in impairment or destruction of foreign currency or from any delays in processing transactions, unless otherwise required by law.
INTERNATIONAL WIRES. If you initiate a funds transfer request denominated in United States dollars for transfer to a foreign country, the Credit Union may transfer payment in the currency of the beneficiary bank’s country at the Credit Union’s buying rate of exchange to United States dollars. If the transfer is returned for any reason, you agree to accept the refund in United States dollars in the amount of the foreign money credit, based on the then-current buying rate of the bank converting the currency to United States dollars at the date of refund, less any charges and expenses incurred by the Credit Union.
INTERNATIONAL WIRES. Bank does not directly execute Wire Transfers to foreign locations, but executes such Wire Transfers through a Correspondent Bank. Wires to foreign locations must be executed on an International Wire template and may incur additional charges based on the routing of the wire through U.S. and foreign banks.
INTERNATIONAL WIRES. If you initiate a funds transfer request denominated in United
INTERNATIONAL WIRES. The Bank accepts international wire transfers only. Transfers with an international destination are not accepted for processing. Special conditions apply to international wires.
INTERNATIONAL WIRES. 4.1 International wire transfers (non-U.S. receivers) of foreign currency initiated and approved by Bank’s cut-off time for international wire transfers of foreign currency on a Business Day, and an international wire transfer of U.S. currency initiated and approved by Bank’s cut-off time for international wire transfers of U.S. currency on a Business Day will be processed within the industry standard delivery time (in most, but not all cases, two (2) Business Days). Foreign wire transfers may be subject to delays based on time-zone issues; the remote location of the recipient bank; cultural differences with respect to holidays and times of observation, etc.; and incorrect or incomplete information being supplied by Customer.
4.2 Bank shall send Customer’s authorized and authenticated wire transfers to foreign banks through any bank which is a member of Bank’s correspondent network. Neither Bank nor any of Bank’s correspondents shall be liable for any errors, delays or defaults in the transfer of any messages in connection with such a foreign wire transfer by any means of transmission. If the wire transfer is of currency other than that of the country to which it is being transferred, it shall be payable in the currency of the country of the recipient financial institution, unless the payee arranges otherwise. If the wire transfer is received by Bank prior to any cut-off time established from time to time, the currency exchange shall be made at the rate quoted by Bank at the time of the wire transfer.
4.3 Bank makes no guarantee or representation as to the availability of funds at the foreign destination. Bank makes no express or implied warranty as to the time or date the wire transfer will arrive at the receiving bank, the amount of any fees to be charged by the receiving bank or the time or date the beneficiary will receive credit for funds.
4.4 Customer understands and acknowledges that if the named beneficiary does not match the account at the receiving bank, there is a risk the beneficiary may not receive the wired funds. If the transfer is not received or credited in a timely manner, Bank will follow normal and customary procedures to complete the wire transfer, determine the location of the wired funds and/or return the funds to Customer. If Bank is unable to determine that the funds have been credited to the beneficiary’s account or have the funds returned, Customer assumes all financial liability or risk of loss for the amount of the wire transfe...
INTERNATIONAL WIRES. U.S. Corresponding Bank Name and ABA Number
INTERNATIONAL WIRES. If your international Wire Transfer request includes payment to a beneficiary in a currency other than US dollars, the exchange rate may not be the most favorable rate. In addition, we cannot ensure the transfer to the beneficiary will be completed in the currency requested. You should contact your attorney or financial advisor to discuss any risks associated with foreign exchange transactions. For any refunds related to foreign currency international Funds Transfers, you will bear all risk of loss due to currency exchange rate fluctuations. Consumer International Wires: Additional disclosures will be provided to a consumer member at the time of an international wire request as required by law and regulation. Prior to accepting payment authorization, we will provide a prepayment disclosure with applicable information; including the exchange rate, fees and taxes that may be imposed, and the total amount of money expected to be delivered to the beneficiary. Once you authorize payment, we will also provide a receipt. The receipt will contain additional information including your right to request a cancellation within 30 minutes of mak- ing your payment, the procedure for reporting an error, and information about consumer protections to which you are entitled. Our Consumer Error Resolution and Cancellation Disclosure is also available upon request. These additional disclosures govern over any conflicting provision contained herein. Indemnity - In consideration of the terms and conditions of this Service by Bethpage to act upon Funds Transfer instructions in the manner set forth herein, you agree to indemnify and hold Bethpage, and its affiliates and their respective directors, officers, employees, subsidiaries and agents, harmless from and against any and all claims, suits, judgments, executions, liabilities, losses, damages, costs, and expenses, including reasonable attorneys’ fees, in connection with or arising out of Bethpage acting upon your Funds Transfer instructions to the maximum extent permitted by applicable laws. This indemnity shall survive termination of this Service. Limit on Liability; Damages - IN NO EVENT SHALL BETHPAGE BE RESPONSIBLE FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES OR EXPENSES ARISING IN CONNECTION WITH YOUR FUNDS TRANSFER REQUEST. Any claim for interest payable by Bethpage shall be at our published savings account rate. You waive any claim you may have against us for consequential or special damages, including loss of profit aris...