Wire Transfer Addendum Sample Contracts

This Addendum is part of the Purchase and Sale Agreement dated between
Wire Transfer Addendum • September 24th, 2018

Buyer and Seller each acknowledge that they have been warned of the risks concerning fraudulent wire transfer instructions being delivered by an imposter in a real estate transaction. The parties acknowledge that a fraudulent wire transfer scheme could lead to devastating consequences affecting both parties. Accordingly, the parties hereby mutually agree to the following additional contract terms to protect themselves against the risks of wire fraud, and therefore mutually agree and instruct the Closing Agent as follows:

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Wire Transfer Addendum to the Business Online Banking Service Agreement
Wire Transfer Addendum • December 28th, 2015

Together with the Business Online Banking Services (“Bus. OB Services”) Agreement (“Agreement”) to which you have agreed (and is deemed incorporated herein), this addendum ("Wire Transfer Addendum") supplements said Agreement, contains and evidences your consent to use, and describes your rights and obligations when using the “Wire Transfer Service”, which employs the One-Time Password Service (“OTP Service”) of the Bus. OB Service, through Apple Bank for Savings (“Apple Bank” or “Bank”), a New York state chartered savings bank and Member FDIC. The Agreement also describes the Bank’s rights and obligations.

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