TRANSACTIONS IN A FOREIGN CURRENCY Clause Samples

TRANSACTIONS IN A FOREIGN CURRENCY. Any transaction we conduct for you in a foreign currency, such as sending or receiving a wire transfer to or from another country, depositing a foreign check, or exchanging foreign currency in our branches, will use an exchange rate. Currency exchange is only available at a limited number of branches and in certain currencies. The foreign exchange rates we use are determined by us in our sole discretion. The exchange rate we use will include a spread and may include commissions or other costs that we, our affiliates, or our vendors may charge in providing foreign currency exchange to you. The exchange rate may vary among customers depending on your relationship, products with us, or the type of transaction being conducted, the dollar amount, type of currency, and the date and time of the exchange, and whether the transaction is a debit or credit to your account. You should expect that these rates will be less favorable than rates quoted online or in publications. We are not required to accept for deposit checks that are drawn on a non-U.S. bank or payable in a foreign currency. We may accept those checks on a collection basis without your specific instruction to do so. We can reverse any amount we’ve added to your balance and send the check on a collection basis even after we’ve taken physical possession of the check. Our Funds Availability Policy does not apply to any foreign check, whether we accept it for deposit or on a collection basis. The actual amount you receive for checks payable in a foreign currency will be determined at the exchange rate for such items that’s in effect when we’re paid for the check. If a check is returned later for any reason, we will subtract the amount of the check and any charges from other banks from your balance. We will use the applicable exchange rate in effect at the time of the return, which may be different from the exchange rate originally used for the deposit.

TRANSACTIONS IN A FOREIGN CURRENCY. Any transaction we conduct for you in a foreign currency, such as sending or receiving a wire transfer to or from another country, depositing a foreign check, or exchanging foreign currency in our branches, will use an exchange rate. Currency exchange is only available at a limited number of branches and in certain currencies. The foreign exchange rates we use are determined by us in our sole discretion. The exchange rate we use will include a spread and may include commissions or other costs that we, our affiliates, or our vendors may charge in providing foreign currency exchange to you. The exchange rate may vary among customers depending on your relationship, products with us, or the type of transaction being conducted, the dollar amount, type of currency, and the date and time of the exchange, and whether the transaction is a debit or credit to your account. You should expect that these rates will be less favourable than rates quoted online or in publications.

TRANSACTIONS IN A FOREIGN CURRENCY. When you use your Debit Card to do a withdrawal or make a purchase in currency other than the currency of your Account, we will convert the amounts withdrawn and any associated charges imposed by any third party for the use of the ATM or POS terminal, to the currency of your Account when we deduct the funds from your Account. We will convert these amounts to the currency of your Account no later than the date we post the transaction to your Account at the rate of exchange determined by us on the day the transaction is posted to your Account.

TRANSACTIONS IN A FOREIGN CURRENCY. If you make a purchase using your Card in a currency other than in U.S. dollars, the amount deducted from the available funds in the Card Account will be converted by VISA into U.S. dollars. The applicable exchange rate will be selected by VISA from the range of rates available in wholesale currency markets for the applicable central processing date, which may vary from the rate VISA itself receives or the government-mandated rate. The exchange rate used on the central processing date may be different than the rate that was in effect on the date you performed the transaction.

TRANSACTIONS IN A FOREIGN CURRENCY. Non-sterling transactions will be converted to sterling at a reference exchange rate, which is made up of the payment scheme exchange rate on the day the transaction is processed (which may not be the same as the rate on the day the transaction took place) and the non-sterling transaction fee. The payment scheme exchange rate will be the Visa exchange rate. The relevant payment scheme exchange rate is the one that applied on the date Visa processed the non-sterling transaction. The payment scheme exchange rate changes daily − please visit Visa website (▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/making- payments/exchange-rates) to find out this rate. When using your card overseas, you may be given the option of paying in sterling at a fixed exchange rate that is presented to you at point of sale. This is called dynamic currency conversion or "DCC" and the exchange rate is provided by local payment schemes. Please ensure that you carefully consider the exchange rate you are being offered. If you are not comfortable with the rate, you can always choose to make the Purchase in the local currency in which case the exchange rate will be determined by the Visa exchange rate explained in the previous paragraph.

TRANSACTIONS IN A FOREIGN CURRENCY. When you use your Client Card to make a withdrawal in a currency other than Canadian dollars at an ATM outside Canada displaying the PLUS system symbol, we will convert the amounts withdrawn and any associated charges imposed by any third party for the use of the ATM to Canadian dollars when we deduct the funds from your Account. We will convert these amounts to Canadian dollars no later than the date we post the transaction to your Account at our exchange rate that is 2.5% over a benchmark rate set by Visa International, a subsidiary of Visa‡ Inc., and which Royal Bank of Canada pays on the date of conversion. This rate may be different from the rate in effect for the date your ATM withdrawal occurred or on the date of the transaction. If the foreign transaction is a POS transaction at a store or other merchant in the United States, the conversion to Canadian dollars is done at an exchange rate 2.5% over the Interbank Spot Rate as defined by Acxsys Corporation in effect at the time of processing.