Common use of Processing Wire Transfers Clause in Contracts

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. 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 the Deposit Account Agreement.