Common use of Special conditions relating to International Payments Clause in Contracts

Special conditions relating to International Payments. 16.8.1 Third party charges a) There may be other third party banks that apply charges in effecting the International Payment which may be deducted from the amount transferred by you or from funds received by you via an International Payment. This will mean that the sum received by the beneficiary or by you may be less than the amount you have sent or received. b) If any charges are passed back to us by a third party bank, we reserve the right to debit your account with these charges. 16.8.2 Normal execution times a) Payments made in US dollars to the United States should normally be received by the beneficiary on the same day that your account is debited. b) All other currencies (including sterling sent outside the EEA) should normally be received within 5 Working Days of your account being debited.