Common use of Foreign Checks Clause in Contracts

Foreign Checks. You agree that checks drawn on a foreign bank or in a currency other than United States dollars may be processed by the Bank or Processor through collection systems and at exchange rates chosen by the Bank or Processor, and the Bank may impose fees and charges for the service. You acknowledge that the currency conversion and collection process may take a long time depending on the foreign bank and adjustment for returned foreign items or otherwise may result in different currency exchange rate, and you could lose or gain due to the changes in the exchange rates.