International Wire Transfers Clause Examples
The International Wire Transfers clause governs the procedures and requirements for sending or receiving funds across international borders via electronic transfer. It typically outlines the necessary banking information, compliance with applicable laws and regulations, and any associated fees or responsibilities of the parties involved. This clause ensures that both parties understand the process and obligations for international payments, reducing the risk of delays, errors, or legal issues related to cross-border financial transactions.
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International Wire Transfers. In the event you elect to wire funds internationally, you agree to follow the Credit Union’s procedures and requirements for international wire transfers. The Credit Union has the right to rely upon the information which is provided by you for such wire transfer, and it is your responsibility to fully and accurately complete the Outgoing International Wire Transfer Request form and to provide accurate account and routing numbers and swift codes to the Credit Union. Failure to do so may delay or prevent the wire. The Credit Union and other institutions may rely on the information and account numbers that you provide, even if they identify a different party or institution. You acknowledge that some receiving banks and intermediary banks may also charge a fee for their services which will be deducted from the proceeds of the wire. You also understand that some international wires may be delayed and you agree to indemnify and hold the Credit Union harmless for any delays or for losses incurred by you or any third party because of the daily exchange rate fluctuations or incorrect information provided by you.
International Wire Transfers. WesBanco supports Domestic and International wires in US Dollars, as well as International wires in Foreign Currency through CashFlow Connect. The Client may request all or any type of electronic wire transfer capabilities; however international capability requires additional assessment of risk. The Client should review Schedule B for details surrounding International Wires, and should also be aware of the cutoff times in Schedule C, as the validation of International Wires may take longer than Domestic wire transfers.
International Wire Transfers. International Wire Transfers may be subject to delays, charges imposed by other banks and changes in foreign currency exchange rates and/or currency type delivered to the beneficiary. If applicable, you agree to and accept any foreign exchange rate (FX Rate) provided by us at the time the foreign transfer was sent; as well as any foreign exchange rate that may be applied by the beneficiary bank. Currently, the Wire Transfer Service only supports sending U.S. dollar Wire Transfers. Because of the laws in some countries in which beneficiary banks are located, we cannot guarantee that your beneficiary will be able to receive U.S. dollars. If your Wire Transfer is converted to the local currency, the beneficiary bank may charge a fee for this exchange, which could reduce the amount that your beneficiary receives.
International Wire Transfers. Wire Transfers across country borders are customarily done by Bank through a correspondent bank. Payment to a foreign country is subject to the laws of the foreign country involved. Bank assumes no liability for delays, non-delivery or other events resulting from causes beyond Bank’s control. In refunding unexecuted Payment Orders, Bank shall be liable to Customer only to the extent it receives payment from the correspondent bank processing the transfer. From time to time, Bank experiences various difficulties in transferring funds to certain countries. Those difficulties include (but not by way of limitation): (i) excessive delay in applying funds; (ii) incorrect application of funds; (iii) disappearance of funds; (iv) excessively slow response to inquiries; or (v) government restriction on the transfer of such funds. In addition, countries and their subdivisions where the recipient is wired funds charge transfer taxes and other transfer fees that reduce the amount received. Customer hereby acknowledges and assumes any expense in connection with such transfers which may be incurred by Bank in addition to normal and customary charges. Customer is obligated to comply with all laws relating to the transfer of funds for foreign countries, individuals, or agencies. Noncompliance may result in the delay of Wire Transfers, fines equivalent to a percentage of the principal or confiscation of the entire principal amount of the transfer if an attempt is made to transfer funds to a sanctioned individual, agency and/or country.
International Wire Transfers. Wire Transfers across country borders are performed by Bank using a correspondent bank. Payment to a foreign country is subject to the laws of the foreign country involved. Bank assumes no liability for delays, non-delivery or other events resulting from causes beyond Bank’s control. In refunding unexecuted Wire Transfer Payment Orders, Bank shall be liable to Company only to the extent it receives payment from the correspondent bank processing the transfer. From time to time, Bank experiences difficulties in transferring funds to certain countries. Those difficulties include (but are not limited to):
International Wire Transfers. You understand that all deposits to and withdrawals from your account to effect a wire transfer will be processed in U.S. Dollars or, at your option, converted into the currency of the beneficiary bank. We will convert funds to or from U.S. Dollars at our quoted rates of exchange at the time of conversion. As a result, you will bear all exchange rate risk. The quoted rates of exchange include a spread, which compensates us for the wire transfer service.
International Wire Transfers. In the event you elect to wire funds internationally, you agree to follow the Credit Union’s procedures and requirements for international wire transfers. The Credit Union has the right to rely upon the information which is provided by you for such wire transfer, and it is your responsibility to fully and accurately complete the Outgoing International Wire Transfer Request form and to provide accurate account and routing numbers and swift codes to the Credit Union. Failure to do so may delay or prevent the wire. The Credit Union and other institutions may rely on the information and account numbers that you provide, even if they identify a different party or institution. You acknowledge that some receiving banks and intermediary banks may also charge
International Wire Transfers. Our processing of international transactions may be delayed if necessary, to complete screening required by federal law. The Credit Union makes no representation as to the availability of funds to a recipient in a foreign country at any particular time or date, or at all. All entries will be credited to or debited from the account you have with us in U.S. dollars. Transfers will be made only in U.S. dollars; we do not perform currency conversion. You understand that the receiving institution may elect to convert a U.S. Dollar wire transfer to a foreign currency at rates specified by the other institution before crediting the beneficiary. You will bear all risk of currency conversion. If the international wire is returned due to errors in the information provided by the Company or any other reason not due to Credit Union error, the Credit Union is not liable for a difference in exchange rate therefore the resulting returned funds credited back to the Company may be less than originally debited.
International Wire Transfers. The Member acknowledges that international wire transfers may take as much as 30 days to be received by the beneficiary bank or financial institution. Any inaccurate or missing information in the payment order may result in unnecessary delays or non- receipt of funds. Because of this, and because of variations in banking laws in other countries, iQ Credit Union cannot guarantee safe completion of international wire transfers. All wires will be sent in U.S. Dollars. The Member bears any risk associated with exchange rates.
International Wire Transfers. If your Transfer Instruction results in the transfer of funds from The United States of America to an account in another country, the following provisions shall govern, as applicable: