Reliance on Account Number. When processing an ACH funds transfer, we will rely on the account number or other identifying number transmitted with the funds transfer even if the number identifies a person different from the named beneficiary. When processing a wire funds transfer, we will rely on the account number or other identifying number and the beneficiary’s name transmitted with the funds transfer.
Reliance on Account Number. Before initiating any funds transfer, you should carefully review the account numbers you provide on the payment order. We may rely on the information you provide in your payment order, including the account number and financial institution of the beneficiary. You agree that we may process the payment order based solely on the account number you provide on the payment order, even if the named beneficiary on the payment order differs from the name on the account at the beneficiary bank. Except as provided by applicable law, any losses resulting from an incorrect account number or your misidentification of the beneficiary is not our responsibility. Cutoff Times for Receipt of Payment Orders: If your payment order is received prior to 4:00 p.m. Central Time (3:30 pm Central Time for international wires) on a Business Day and is verified through our security procedures outlined below, the payment order may be processed the same Business Day. If it is received on or after 4:00 p.m. Central Time (3:30 pm Central Time for international wires) or on a non-Business Day, the payment order may be processed the next Business Day.
Reliance on Account Number. Before initiating any funds transfer, you should carefully review the account numbers you provide on the payment order. We may rely on the information you provide in your payment order, including the account number and fnancial institution of the benefciary. You agree that we may process the payment order based solely on the account number you provide on the payment order, even if the named benefciary on the payment order difers from the name on the account at the benefciary bank. Except as provided by applicable law, any losses resulting from an incorrect account number or your misidentifcation of the benefciary is not our responsibility. Cutof Times for Receipt of Payment Orders: If your payment order is received prior to 4:00 p.m. Central Time (3:30 pm Central Time for international wires) on a Business Day and is verifed through our security procedures outlined below, the payment order may be processed the same Business Day. If it is received on or after 4:00 p.m. Central Time
Reliance on Account Number. You acknowledge and agree that, if an ACH Instruction describes the Receiver inconsistently by name and account number, payment of the Entry transmitted by the Bank to the RDFI may be made by the RDFI (or by the Bank in the case of an On-Us ACH Instruction) on the basis of the account number supplied by you, even if the ACH Instruction identifies a person different from the named Receiver, and that your obligation to pay the amount of the ACH Instruction to the Bank is not excused in such circumstances.
