Common use of Reverse Wire Transfers Clause in Contracts

Reverse Wire Transfers. If we determine in our sole discretion that this type of method is required (includes decision based on credit review or based on the expectation that a transaction exceeds any established thresholds for ACH processing), you authorize us to initiate a request for a wire transfer of funds from your bank to meet your obligations related to the Payroll Services for the applicable payroll no later than by 10 a.m. Houston, Texas time on the first business day prior to the Check Date and we will cause such funds to be wire transferred from your bank to our designated bank account. No other form of payment is acceptable. We will not release a payroll or related taxes until we have timely received full payment from you. You agree that you are responsible for all fees charged by your bank for these transactions.