Common use of Wire Transfer Limits Clause in Contracts

Wire Transfer Limits. We will transmit wires up to the limits established in the Daily Processing Limits that will be provided to you in your approved Business ACH and Wire Limits Application, or up to the available funds in your designated account whichever is less. We are not obligated to transmit any wire exceeding the limit. If you know you will need to send a wire that exceeds the processing limit, you are advised to notify us in advance and obtain permission to process the wire over the limit. There is no limit to the number of wire transfers that may be transmitted.