FOREIGN CURRENCY CONVERSION definition
FOREIGN CURRENCY CONVERSION. If you effect a transaction with your MasterCard card in a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount. MasterCard International will use its currency-conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently the currency-conversion rate used by MasterCard International to determine the transaction amount in U.S. dollars for such transactions is generally either a government-mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed, increased by an adjustment factor established from time to time by MasterCard International. The currency-conversion rate used by MasterCard International on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date. You agree that you will not cause or allow the Card to be used in any manner or for any transaction that we believe poses an undue risk or illegality and we may refuse to authorize any such use or transaction. You agree that any illegal use of the Card will be deemed an act of default under this Agreement.
FOREIGN CURRENCY CONVERSION. For any wire transfer to a beneficiary in a foreign country, the Member consents to conversion of the funds into foreign currency by the Credit Union (or Credit Union’s third-party processor), any correspondent bank or intermediary bank, the beneficiary’s bank, or any other third party reasonably involved in the completion of the funds transfer, at conversion rates generally applied by that converting party. Credit Union in its discretion execute the wire transfer request in the currency of the country of the beneficiary’s financial institution at either Bank’s buying rate of exchange for U. S. dollar transfers or the exchange rate of the beneficiary’s institution. If the transfer is returned for any reason, Member agrees to accept the refund in U.S. dollars in the amount of the foreign money credit, based on the current buying rate on the day of the refund, less any charges and expenses incurred by bank. Foreign transfers may be subject to delays and changes in foreign currency exchange rates. Fees imposed by intermediary banks may be deducted from the amount of the Member’s wire transfer. *Recipient may receive less due to fees charged by recipient’s bank and foreign taxes You have a right to dispute errors in your transaction. If you think there is an error, contact us within 180 days at 504.733.7274 or ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇. You can also contact us for written explanation of your rights. You can cancel for a full refund within 30 minutes of payment, unless the funds have been picked up or deposited. For questions or complaints about OnPath Federal Credit Union, contact: Consumer Financial Protection Bureau 855.411.2372 or 855.729.2372 (TTY/TDD) ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
FOREIGN CURRENCY CONVERSION. For any funds transfer to a beneficiary in a foreign country, the Customer consents to conversion of the funds into foreign currency by the Bank (or Bank’s agents or processors), any correspondent bank or intermediary bank, the beneficiary’s bank, or any other third party reasonably involved in the completion of the funds transfer, at conversion rates generally applied by that converting party. Bank may in its discretion execute the transfer request in the currency of the country of the beneficiary’s financial institution at either Bank’s buying rate of exchange for U.S. dollar transfers or the exchange rate of the beneficiary’s institution. If the transfer is returned for any reason, Customer agrees to accept the refund ▇▇ ▇.▇. dollars in the amount of the foreign money credit, based on the current buying rate on the day of the refund, less any charges and expenses incurred by Bank. Foreign transfers may be subject to delays and changes in foreign currency exchange rates. Fees imposed by intermediary banks may be deducted from the amount of Customer’s transfer. A portion of those fees may be shared with Bank.
Examples of FOREIGN CURRENCY CONVERSION in a sentence
You agree that any illegal use of the Card will be deemed an FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount.
If we FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card in a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount.
EXHIBIT C BMX FOREIGN CURRENCY CONVERSION PRACTICES Currency Exchange The currency exchange rates used to convert amounts stated in currencies other than U.S. Dollars to U.S. dollars by Affiliates of BMX shall be as follows.
If we FOREIGN CURRENCY CONVERSION: If you effect a transaction with your MasterCard card ina currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount.