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Wire Transfer

I authorize CFCU to transfer funds as shown on this wire request form. I am responsible for the accuracy of the above information. The Credit Union and subsequent parties to the wire transfer order may act solely on the basis of the account number if the name and number disagree, not withstanding knowledge of any inconsistency. The Credit Union will send the funds by any funds transfer payment system or intermediary bank at its discretion. If the transfer order request is for payment in a foreign country the Credit Union may execute the wire transfer order in such foreign country’s currency at the Credit Union’s buying rate of exchange for U.S. dollars when the transfer is affected. Confirmation of receipt from the recipient is not required; if requested, the Credit Union will request confirmation but will not be responsible for receipt. A confirmation request fee may be assessed. I understand that there is a fee associated with sending a wire and that the funds will be withdrawn from my account when the wire is sent. (See Schedule of Fees)

There is no right to cancel or amend the transfer order. The Credit Union, at its option, may attempt cancellation or amendment if this application has been acted on, but will have no liability if the cancellation or amendment is not effectuated. In any event, the Credit Union will not credit funds until the Credit Union confirms the recipient has not received funds, and any funds transmitted have been returned. The Credit Union has no obligation to re-execute any rejected or returned transfer order. The Credit Union will credit any account following return or rejection. Any credit may not be equal to original amount due to, for example, differences in foreign currency exchange rates, wire fees, and expenses of the Credit Union or other institutions. In addition, the Credit Union will have no obligation to pay interest on any cancelled, returned, or rejected wire transfer order.

The Credit Union is not responsible to any transferee, beneficiary, or other party as a result of this wire transfer order nor shall the Credit Union be liable for insolvency, neglect, misconduct, mistake, or default of another institution or person, including an originator, except as provided in this request form. The Credit Union will be liable only to its immediate originator only for failure to credit the amount of this wire transfer order to the recipient account solely as a result of the Credit Union’s failure to exercise ordinary care or act in good faith. The Credit Union’s liability for such failure will be limited to the amount of the transfer order plus lost interest or as otherwise required by law. Subject to the foregoing, the Credit Union’s responsibility for loss of interest for error or delay shall be calculated using a rate equal to the average Fed Funds rate of the Federal Reserve Bank of San Francisco for the period involved.





























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