Common use of Wire Transfer Limits Clause in Contracts

Wire Transfer Limits. If your Account has been open with us for less than a year and you initiate a wire transfer through Digital banking, you are limited to a maximum of $3,000 per wire and $6,000 per day. After your account has been open one year, you are limited to a maximum of $50,000 per wire transfer and $50,000 per day for wire requests initiated through Digital Banking. Initiation of a Consumer Account Wire Transfer Request at a Branch. You may initiate a wire transfer of funds from your Account by visiting one of our branches in person and executing a Consumer Wire Transfer Agreement (CWTA). You will be required to present valid, non expired, signed photo identification. You may not initiate a wire transfer until the CWTA has been executed by you and accepted by us. The terms of the CWTA shall govern any wire transfer initiated by you. As part of the CWTA, we require that you establish a code word at the time you execute the CWTA (“Wire Code”). You may choose any word or sequence of letters and/or numbers of your choice and enter it on the CWTA.