Erroneous Requests. Company acknowledges and agrees that when Company provides Bank with a name and account number when making a Request, that payment may be made solely on the basis of the account number even if the account number identifies a beneficiary different from the beneficiary named by Company. Company furthermore agrees that its obligation to pay the amount of the wire transfer to Bank is not excused in such circumstances. Likewise, wire transfers received by the Bank for Company's benefit may be paid by Bank solely on the basis of account number. Company agrees that Bank shall not be responsible for any delay arising out of Bank's attempt to (i) reconcile inconsistencies between name and account number, or (ii) otherwise investigate suspected irregularities.
Erroneous Requests. You acknowledge and agree that when you provide Bank with a name and account number when requesting a wire transfer, that payment may be made solely on the basis of the account number even if the account number identifies a Beneficiary different from the Beneficiary named by you. You furthermore agree that your obligation pay the amount of the wire transfer to Bank is not excused in the circumstances. Likewise, wire transfers received by Bank for your benefit may be paid by Bank solely on the basis of account number. You agree that Bank shall not be responsible for any delay arising out of Bank’s attempt to reconcile inconsistencies between name and account number, or otherwise investigate suspected irregularities. Provisional Payment Any credit Bank gives to you for a wire transfer is provisional until Bank receives final payment for the amount of the wire transfer. If Bank does not receive final payment for the wire transfer, you must pay the Bank the amount of the transfer. Delayed Availability of Funds Bank reserves the right to delay the availability of funds for deposit without prior notice if, in its sole discretion, the Bank deems itself at financial or legal risk for any or all services performed under this Agreement. Account Statements All wire transfers will be reflected on your periodic account statement. An automatic email confirmation will be sent to your email address. It is recommended that you set up email alerts for incoming wires. You should review each statement or other such Bank notice for any discrepancies in connection with wire transfers. If you think a wire transfer is wrong or need more information about a wire transfer, you must contact Bank in writing upon discovery of the error in accordance with your Other Agreements or within fourteen (14) days after Bank sends you the first notice or statement which has a discrepancy, whichever is earlier. Failure to do so will relieve Bank of any obligation to pay interest on or otherwise compensate you for the amount of an unauthorized or erroneous wire transfer. In the event that you fail to perform either of these duties with respect to an erroneous payment and Bank incurs a loss as a result of such failure, you are liable to Bank for the amount of the loss not exceeding the amount of the wire transfer or discrepancy in question. Objection to Payment If Bank gives you notice that reasonably identifies a Wire Request issued in your name as sender that Bank has accepted, executed, and rec...
Erroneous Requests. Company acknowledges and agrees that when Company provides Credit Union with a name and account number when requesting a Wire Transfer, that payment may be made solely on the basis of the account number even if the account number identifies a beneficiary different from the beneficiary named by Company. Company acknowledges and agrees that when Company provides Credit Union with a name and an identifying number for a financial institution when requesting a Wire Transfer, that payment may be made solely on the basis of the financial institution’s identifying number even if the identifying number identifies a financial institution different from the financial institution named by Company. Company furthermore agrees that its obligation to pay the amount of the Wire Transfer to Credit Union in either of the circumstances described above is not excused in such circumstances. Likewise, Wire Transfers received by Credit Union for Company’s benefit may be paid by Credit Union solely on the basis of account number or the financial institution’s identifying number. Company agrees that Credit Union shall not be responsible for any delay arising out of Credit Union’s attempt to reconcile inconsistencies between name and account or financial institution identifying number, or otherwise investigate suspected irregularities.
Erroneous Requests. Member acknowledges and agrees that when Member provides the Credit Union with a name and account number when requesting a wire transfer, that payment may be made solely on the basis of the account number even if the account number identifies a beneficiary different from the beneficiary named by Member. Member furthermore agrees that its obligation to pay the amount of the wire transfer to the Credit Union is not excused in such circumstances. Likewise, wire transfers received by the Credit Union for Member's benefit may be paid by the Credit Union solely on the basis of account number. Member agrees that the Credit Union shall not be responsible for any delay arising out of the Credit Union's attempt to reconcile inconsistencies between name and account number, or otherwise investigate suspected irregularities.
Erroneous Requests. Customer acknowledges and agrees that when Customer provides Bank with a name and account number when requesting a Wire Transfer, that payment may be made solely on the basis of the account number even if the account number identifies a beneficiary different from the beneficiary named by Customer. Customer furthermore agrees that its obligation to pay the amount of the Wire Transfer to Bank is not excused in such circumstances. Likewise, Wire Transfers received by the Bank for Customer’s benefit may be paid by Bank solely on the basis of account number. Customer agrees that Bank shall not be responsible for any delay arising out of Bank’s attempt to reconcile inconsistencies between name and account number, or otherwise investigate suspected irregularities.
