Processing Wire Transfers. We shall process transfer requests based solely upon information received from you. We may, at our discretion, process wire transfer requests through either the Federal Reserve Bank System or a correspondent bank. At the time we initiate a wire, you agree to pay us with available funds on deposit for the amount of the transfer plus the current Wire Transfer Fee as listed in our fee schedule. If you fail to pay those fees, we may request cancellation of the transfer, or undertake any other legal means to collect the transferred amount if we are unable to cancel it, including exercise of right of offset as detailed in this Agreement.
Processing Wire Transfers. The Credit Union shall process transfer requests based solely upon information received from the Member. The Credit Union may, at its discretion, process the wire transfer request through either the Federal Reserve Bank System or the Society for Worldwide Interbank Financial Telecommunication (S.W.I.F.T.). In the case where the beneficiary's bank is the Credit Union, the Credit Union may simply debit and credit the appropriate accounts as requested in the authorized wire transfer request. At the time the Credit Union executes a wire transfer or internal transfer, the Member agrees to pay the Credit Union with available funds on deposit for the amount of the wire plus the current Wire Transfer Fee as listed in the Credit Union's fee schedule. If the Member fails to pay in accordance with this agreement, the Credit Union shall be entitled to request cancellation of the transfer, or to undertake any other legal means to collect the amount of the transfer if unable to cancel, including exercise of right of offset as detailed in the Credit Union's Deposit Agreement.
Processing Wire Transfers. 2.1 Bank will process wire transfer requests based solely upon information received from Customer. Bank may, at its discretion, process the wire transfer request through either the Federal Reserve Bank System or the Society for Worldwide Interbank Financial Telecommunication (S.W.I.F.T.). In the case where the beneficiary’s bank is Bank, Bank may simply debit and credit the appropriate accounts as requested in the authorized wire transfer request.
Processing Wire Transfers. If the Bank accepts a wire transfer request from the Company, it shall be authorized to transfer funds in accordance with such request and shall further be entitled to debit the designated account for the payment of the wire transfer and any related fees and charges. The Bank reserves the right to reject a wire transfer request if collected funds are not available. If the Bank executes the wire transfer and collected funds are not available, the Bank may charge additional fees, including overdraft and insufficient funds (NSF) fees. If the Company fails to pay, the Bank shall be entitled to request cancellation of the wire transfer or undertake any other legal means to collect the amount of the wire transfer and related fees and charges, including exercising the right to set off any of the Company’s accounts. The Bank may exercise this right of setoff without prior notice to the Company.
