Cross-Border Transfers definition
Examples of Cross-Border Transfers in a sentence
In order to originate Cross-Border Transfers, you must separately subscribe to the Cross-Border Transfer Service by contacting your Bank relationship manager to request Cross-Border Transfer Service and completing and delivering to Bank the setup instructions for the service.
Repetitive Transfer Templates and non-repetitive Payment Order must be created or initiated and then confirmed by an OLBB Authorized Representative designated by the Corporate Administrator employing a Security Device furnished by Bank (provided that Security Devices are not required for creation and confirmation of Cross-Border Transfers).
Instructions for Cross-Border Transfers and Global Pay Transfers may only be communicated to Bank through OLBB.
For the implementation of Cross-Border Transfers the Acquiring Bank charges a Commission of 5% of the Transfer Amount, but not less than 3 USD/ EUR.