Common use of Limitations on Service Clause in Contracts

Limitations on Service. Bank may place limitations on all Wire Transfer requests, including setting dollar limits on each transfer or on daily/monthly transfers. Such limitations will be established in the Bank’s sole judgment based on the Bank’s risk management procedures, and Bank may consider Customer’s creditworthiness and Bank’s experience and transactions with Customer for that purpose. Bank will notify Customer of any limitation prior to implementing it.

Limitations on Service. Bank may place limitations on all Wire Transfer requests, including setting dollar limits on each transfer or on daily/monthly transfers. Such limitations will be established in the Bank’s sole judgment based on the Bank’s risk management procedures, and Bank may consider Customer’s creditworthiness and Bank’s experience and transactions with Customer for that purpose. Bank will notify Customer of any limitation prior to implementing it.