WIRE TRANSFER TRANSACTIONS Clause Samples

WIRE TRANSFER TRANSACTIONS. Upon written, facsimile, electronic transmission, telephonic, or other such instructions from Customer, the Bank shall with respect to any wire transfer request of Customer that the Bank accepts execute wire transfers of funds from the deposit account(s) of Customer and shall charge the deposit account(s) of Customer for the amount of such wire transfers, even if the charge to the deposit account(s) of Customer creates or increases an overdraft in such deposit account(s). The authority to make a request for wire transfer of funds and to issue other directions and instructions to the Bank shall be presumed if the person making the request uses the security measures set forth in the Bank’s Security Access Circular as in effect from time to time. Notwithstanding any other provision set forth herein, the Bank shall not be liable for any damages or any other consequences for any refusal to honor any instruction for a wire refusal to honor any instruction for a wire transfer of funds or related act if the Bank in good faith is unable to satisfy itself that the instruction was given by an authorized agent of Customer. Nothing herein shall obligate the Bank to make any wire transfer prohibited by law.