Common use of Wire Transfer Services Clause in Contracts

Wire Transfer Services. One of the Services offered is a wire transfer service, which allows the Company, directly or indirectly, to use the Services to initiate requests for wire transfers of funds from the Company’s eligible accounts by means of the Federal Reserve Communication System, or a similar network used for the transfer of funds. The Company hereby requests that FI honor its requests to execute wire transfers communicated via the Services in accordance with applicable security procedures. Upon receipt of your wire transfer request, we may choose not to process the request if the applicable account does not contain sufficient Available Funds to cover the Transaction. FI will not process the request unless it is authorized by Company or is verified by FI in compliance with the applicable security procedure for verifying the authenticity of funds transfer instructions. You may be notified via telephone, regular e-mail or other means if a wire transfer request is denied. Wire transfer requests must be dated for a Business Day and cannot be dated for holidays, weekends or other non-processing days. An Authorized Company Administrator may request changes in Company wire transfer limits, request the investigation of Company wire transfers, request that we don't process a Company wire transfer, or request a reversal for a wire transfer request that has been submitted. Once accepted by the Bank, a wire transfer cannot be reversed. Wire transfer requests communicated through the Services will be reviewed and considered for processing when submitted before the posted cutoff time established by the FI from time to time. Same day wire transfers cannot be transmitted after the wire cutoff time. Such same day wire transfer requests submitted after the wire cutoff must be scheduled for a future business day.

Wire Transfer Services. One of the Services offered is a wire transfer service, which allows the Company, directly or indirectly, to use the Services to initiate requests for wire transfers of funds from the Company’s eligible accounts by means of the Federal Reserve Communication System, or a similar network used for the transfer of funds. The Company hereby requests that FI honor its requests to execute wire transfers communicated via the Services in accordance with applicable security procedures. Upon receipt of your wire transfer request, we may choose not to process the request if the applicable account does not contain sufficient Available Funds to cover the Transaction. FI will not process the request unless it is authorized by Company or is verified by FI in compliance with the applicable security procedure for verifying the authenticity of funds transfer instructions. You may be notified via telephone, regular e-mail or other means if a wire transfer request is denied. Wire transfer requests must be dated for a Business Day and cannot be dated for holidays, weekends or other non-processing days. An Authorized Company Administrator may request changes in Company wire transfer limits, request the investigation of Company wire transfers, request that we don't process a Company wire transfer, or request a reversal for a wire transfer request that has been submitted. Once accepted by the Bank, a wire transfer cannot be reversed. Wire transfer requests communicated through the Services will be reviewed and considered for processing when submitted before the posted cutoff time established by the FI from time to time. Same day wire transfers cannot be transmitted after the wire cutoff time2:00 pm Pacific Standard Time. Daylight Savings Time applies when nationally in effect. Such same day wire transfer requests submitted after the wire cutoff must be scheduled for a future business day.