Payment Order Processing and Cut. Off Times. Payment orders we accept will be executed within a reasonable time of receipt. Unless we have agreed otherwise in writing, a payment order may not necessarily be executed on the date it is received or on a particular date you specify. Cut-off times may apply to the receipt, execution and processing of funds transfers, payment orders, cancellations, and amendments. Funds transfers, payment orders, cancellations, and amendments received after a cut-off time may be treated as having been received on the next following funds transfer business day. Information about any cut-off times is available upon request. From time to time, we may need to temporarily suspend processing of a transaction for greater scrutiny of verification in accordance with applicable law. This action may affect settlement or availability of the transaction.
Payment Order Processing and Cut. Off Time Payment Orders will only be executed on a “Business Day” which is Monday through Friday, excluding Holidays. Payment Orders received before the cut-off time established by us will be processed on the same Business Day. Payment Orders received on a non-Business Day or after the cut-off time on a Business Day will be processed no later than the next Business Day. We may, at our sole discretion, extend or reduce the cut-off time. The wire transfer cut-off time may be obtained by contacting us. We may, at our own discretion and without liability of any kind to you, reject any wire transfer request that does not conform to the limitations, Security Procedures and/or other requirements set forth in this Agreement, such as availability of funds on deposit or applicable law. We may reject, except when prohibited by law, at our sole discretion any Payment Order we receive from you for any reason. We do not guarantee the Payment Order will become effective on the same Business Day, if unforeseen circumstances arise. You acknowledge that we shall have no obligations to ascertain the identity of the beneficiary or the beneficiary’s bank and shall have the right to reject any Payment Order that does not identify the account number and address of the beneficiary and the identifying number of the beneficiary’s bank. You further acknowledge that we are not responsible for detecting any of your errors contained in any Payment Order sent by you to us and you agree to hold us harmless in our failure to do so.
