Common use of Investigation on Fund Transfer Requests Clause in Contracts

Investigation on Fund Transfer Requests. Regardless of the stipulations in the preceding paragraphs, when it judges necessary, the Bank may suspend the subject fund transfer until it confirms that there is no problem in completing the fund transfer procedure, in order to investigate the details of the fund transfer request. Furthermore, the Bank may reject the request depending on the result of the investigation. Judgments on whether the fund and fund transfer fee can be withdrawn from the User Account, judgments on the reimbursable amount of the User Account, judgments on whether the fund transfer will exceed the limit designated by the Bank, and the calculation of the fund transfer fee designated by the Bank shall be made when the Bank confirms that there is no problem in completing the fund transfer procedure. The Bank may reject the fund transfer request if the withdrawal of the fund or the fund transfer fee exceeds the reimbursable amount or the credit line of the User Account, or if the fund or the fund transfer fee cannot be paid out from the User Account due to other reasons at the point of the confirmation. The fund transfer will be made on the following business day or later if the time when the Bank confirms that there is no problem in completing the fund transfer procedure has passed the time limit for accepting same-day fund transfers designated by the Bank. The Bank does not assume any responsibility for damage caused to the user due to the suspension or rejection of the fund transfer based on this paragraph or due to the postponement of the fund transfer to the following business day or later, except by reason attributable to the Bank.