Submission of Wire Transfers Clause Samples

Submission of Wire Transfers. 1.1 All transmittals of wire transfer requests shall be made through System. Bank will not initiate a wire transfer on behalf of Customer if a request is made outside of the System. Transmittals must be received by Bank in time to process the request before the local time listed below. Transfer requests received after this time, or on a day that is not a funds transfer business day, will be treated as being received on, and may be executed on, the following funds transfer business day. Time may vary at Bank’s discretion. 1.2 Business Banker Wire Cutoff Time: 2:00 PM Pacific Time 1.3 NO STOP PAYMENTS. Customer normally will not be able to amend or cancel a funds transfer request after the funds transfer request has been received by Bank. Bank may, at its discretion, use reasonable efforts to act on Customer's request for amendment or cancellation, and will not be liable if it does so or if it fails to do so. Furthermore, Customer will indemnify and hold Bank harmless from any and all liabilities, costs and expenses Bank may incur in its amendment or cancellation efforts.