CURRENCY CONVERSION SERVICE Clause Samples
The Currency Conversion Service clause defines the terms under which currency exchange services are provided within the context of the agreement. It typically outlines how and when currency conversions will occur, the applicable exchange rates, and any associated fees or charges. For example, if a payment is made in a different currency than the one specified in the contract, this clause would govern how the amount is converted and settled. Its core practical function is to ensure transparency and predictability in financial transactions involving multiple currencies, thereby reducing disputes and confusion over payment amounts.
CURRENCY CONVERSION SERVICE. All purchases or cash advances made in a foreign currency are payable in Canadian currency converted at the exchange rate in effect as determined by Desjardins or its provider on the date the purchase or cash advance is processed. The cardholder may write cheques in Canadian currency only. Any cheque written in foreign currency will automatically be returned to the cardholder. The cardholder shall pay a currency conversion charge of 2.50% ($2.50 per $100 spent) on any amounts recorded in the cardholder’s account in foreign currencies and converted into Canadian dollars. The amount payable in exchange rate charges and the currency conversion charge is deemed to be a regular purchase within the meaning of Section 9 of this Agreement and will be charged to the cardholder’s account on the date the currency is converted. In the event that a foreign currency conversion transaction is credited to the cardholder’s account, the transaction will be converted into Canadian currency at the exchange rate in effect as determined by Desjardins or its provider on the date the credit is processed, minus a currency conversion charge of 2.50% ($2.50 per $100 spent).
CURRENCY CONVERSION SERVICE. All Visa Desjardins purchases or cash advances made in a foreign currency are payable in Canadian currency converted at the exchange rate in effect as determined by Desjardins or its provider on the date the purchase or cash advance is processed. The cardholder may write cheques in Canadian currency only. Any cheque written in foreign currency will automatically be returned to the cardholder. The cardholder shall pay a currency conversion charge of 2.50% ($2.50 per and converted into Canadian dollars. The amount payable in exchange rate charges and the currency conversion charge is deemed to be a regular purchase within the meaning of Section 9 of this Agreement and will be charged to the cardholder’s account on the date the currency is converted. In the event that a foreign currency conversion transaction is credited to the cardholder’s Visa Desjardins account, the transaction will be converted into Canadian currency at the exchange rate in effect as determined by Desjardins or its provider on the date the credit is processed, minus a currency conversion charge of 2.50% ($2.50 per $100 spent).
CURRENCY CONVERSION SERVICE. All Visa Desjardins purchases or cash advances made in a foreign currency are payable in Canadian currency converted at the exchange rate in effect as determined by Desjardins Group or its provider on the date the purchase or cash advance is processed. The cardholder may write cheques in Canadian currency only. Any cheque written in foreign currency will automatically be returned to the cardholder. The cardholder shall pay a currency conversion charge of 2.5% ($2.50 per $100 spent) on any amounts recorded in the cardholder’s account in foreign currencies and converted into Canadian dollars. The amount payable in exchange rate charges and the currency conversion charge is deemed to be a regular purchase within the meaning of
CURRENCY CONVERSION SERVICE. All Visa Desjardins purchases or cash advances made in a foreign currency are payable in Canadian currency converted at the exchange rate in effect as determined by the Federation or its provider on the date the purchase or cash advance is processed. The cardholder may write cheques in Canadian currency only. Any cheque written in foreign currency will automatically be returned to the cardholder. The cardholder shall pay a currency conversion charge of 2.5% ($2.50 per $100 spent) on any amounts recorded in the cardholder’s account in foreign currencies and converted into Canadian dollars. The amount payable in exchange rate charges and the currency conversion charge is deemed to be a regular purchase within the meaning of Section 9 of this Agreement and will be charged to the cardholder’s account on the date the currency is converted. In the event that a foreign currency conversion transaction is credited to the cardholder’s Visa Desjardins account, the transaction will be converted into Canadian currency at the exchange rate in effect as determined by the Federation or its provider on the date the credit is processed, minus a currency conversion charge of 2.5% ($2.50 per $100 spent).
CURRENCY CONVERSION SERVICE. All purchases or cash advances made in a foreign currency are payable in Canadian currency converted at the exchange rate in effect as determined by the Federation or its provider on the date the purchase or cash advance is processed. The cardholder may write cheques in Canadian currency only. Any cheque written in foreign currency will automatically be returned to the cardholder. The cardholder shall pay a currency conversion charge of 2.5% ($2.50 per $100 spent) on any amounts recorded in the cardholder’s account in foreign currencies and converted into Canadian dollars. The amount payable in exchange rate charges and the currency conversion charge is deemed to be a regular purchase within the meaning of Section 9 of this Agreement and will be charged to the cardholder’s account on the date the currency is converted. In the event that a foreign currency conversion transaction is credited to the cardholder’s account, the transaction will be converted into Canadian currency at the exchange rate in effect as determined by the Federation or its provider on the date the credit is processed, minus a currency conversion charge of 2.5% ($2.50 per $100 spent).
CURRENCY CONVERSION SERVICE. All cash advances or regular purchases made with a Visa Desjardins card in a foreign currency are payable in Canadian currency converted at the exchange rate in effect as determined by the Federation or its provider on the date the conversion is processed. Cheques may be drawn in Canadian currency only. Any cheque written in foreign currency will automatically be returned to the holder. A currency conversion charge of 2.5% (two dollars and fifty cents ($2.50) per one hundred dollars ($100) spent) shall apply on any amount recorded in the account in foreign currencies and converted into Canadian dollars. The amount payable in currency conversion charges is deemed to be a regular purchase and will be charged to the secondary account of the authorized representative’s Visa Desjardins card on the date the currency is converted. In the event that a foreign currency conversion transaction is credited to the holder’s Visa Desjardins account, the transaction will be converted into Canadian currency at the exchange rate in effect as determined by the Federation or its provider on the date the conversion is processed, minus the currency conversion charge of 2.5% (two dollars and fifty cents ($2.50) per one hundred dollars ($100) spent).
CURRENCY CONVERSION SERVICE. All Visa Desjardins prepaid card transactions made in a foreign currency are payable in Canadian currency converted at the exchange rate in effect as determined by the Federation or its provider on the day the conversion is processed. Currency conversion charges of 2.5% ($2.50 per $100 spent) on any amounts recorded on the Visa Desjardins prepaid card account in foreign currencies and converted into Canadian dollars shall be payable and debited directly from the Visa Desjardins prepaid card account. In the event that a purchase or service refund is carried out on the Visa Desjardins prepaid card account in a foreign currency, the transaction amount will be converted into Canadian currency at the exchange rate in effect as determined by the Federation or its provider on the day the conversion is processed, minus a currency conversion charge of 2.5% ($2.50 per $100).
CURRENCY CONVERSION SERVICE. All cash advances or regular purchases made with a Visa ▇▇▇▇▇▇▇▇▇▇ in a foreign currency are payable in Canadian currency converted at the exchange rate in effect as determined by the Federation or its provider on the date the conver- sion is processed. A currency conversion charge of 2.5% (two dollars and fifty cents ($2.50) per one hundred dollars ($100) spent) shall apply on any amount recorded in the account in foreign currencies and converted into Canadian dollars. The amount payable in currency conversion charges is deemed to be a regular purchase and will be charged to the secondary account of the authorized representa- tive’s Visa ▇▇▇▇▇▇▇▇▇▇ card on the date the currency is converted. In the event that a foreign currency conversion transaction is credited to the holder’s Visa ▇▇▇▇▇▇▇▇▇▇ account, the transaction will be converted into Canadian currency at the exchange rate in effect as determined by the Federation or its provider on the date the conversion is processed, minus the currency conversion charge of 2.5% (two dollars and fifty cents ($2.50) per one hundred dollars ($100) spent).
CURRENCY CONVERSION SERVICE. All purchases or cash advances made in a currency other than US dollars are payable in U.S. currency converted at the exchange rate in effect as determined by Desjardins or its provider on the date the purchase or cash advance is processed. The cardholder shall pay a currency conversion charge of 2.50% (US$2.50 per US$100 spent) on any amounts recorded in the cardholder’s account in foreign currencies and converted into US dollars. The amount payable in exchange rate charges and the currency conversion charge is deemed to be a regular purchase within the meaning of Section 10 of this contract and will be charged to the cardholder’s account on the date the currency is converted. In the event that a foreign currency conversion transaction is credited to the cardholder’s account, the transaction will be converted in U.S. currency at the exchange rate in effect as determined by Desjardins or its provider on the date the credit is processed, deduction made of the currency conversion charge of 2.50% (US$2.50 per US$100 spent). This could for example cause the amount of a debit for a purchase to exceed the amount of the corresponding credit in Canadian currency for a refund or return of such purchase, since the exchange rate in effect on the date of the credit may be different from the exchange rate in effect on the date of the purchase.
CURRENCY CONVERSION SERVICE. All purchases or cash advances made in a foreign currency are payable in Canadian currency converted at the exchange rate in effect as determined by Desjardins or its provider on the date the purchase or cash advance is processed. The cardholder may write cheques in Canadian currency only. Any cheque written in foreign currency will automatically be returned to the cardholder. The cardholder shall pay a currency conversion charge of 2.50% ($2.50 per currencies and converted into Canadian dollars. The amount payable in exchange rate charges and the currency conversion charge is deemed to be a regular purchase within the meaning of Section 9 of this contract and will be charged to the cardholder’s account on the date the currency is converted. In the event that a foreign currency conversion transaction is credited to the cardholder’s account, the transaction will be converted into Canadian currency at the exchange rate in effect as determined by Desjardins or its provider on the date the credit is processed, minus a currency conversion charge of 2.50% ($2.50 per $100 spent).