Wire Transfer Disclosure

In this Wire Transfer Disclosure Statement and Agreement (this “Agreement”), the words “you” and “your” mean the account owner, and the words “us,” “we,” and “our” mean Las Colinas Federal Credit Union. This Agreement defines your responsibilities and our responsibilities with respect to domestic transfers of funds from your account(s) with us for credit to an account at another financial institution or another account with us (“Wire Transfer”). You understand that, except as specifically modified by this Agreement, your account(s) will continue to be governed by the terms and conditions contained in other agreements and/or disclosures that you have been provided with in connection with your account(s), which are incorporated herein by reference.

1. Authorization and Accuracy: By signing this form, you authorize the Las Colinas Federal Credit Union to transfer funds as specified above. You certify that all information provided is accurate. The Credit Union is not liable for any errors due to incorrect information provided by you.

2. Fees: Wire transfer fees may apply. Please refer to the Credit Union’s fee schedule for current charges. These fees will be deducted from your account unless otherwise specified.

3. Processing Time: Domestic wire transfers are generally processed on the same business day if the request is received before the cutoff time. International wire transfers may take longer. The Credit Union does not guarantee the arrival time of the funds to the recipient.

4. Cutoff Time: The cutoff time for same-day processing of domestic wire transfers is 2:30. The cut off timer for foreign wires is 10:30. Requests received after this time will be processed on the next business day.

5. Cancellation: Once a wire transfer has been submitted, it cannot be canceled or amended. Please ensure all information is correct before submission.

6. Foreign Exchange Rates: For international wire transfers, the exchange rate applied will be the rate in effect at the time of processing. The Credit Union is not responsible for fluctuations in foreign exchange rates.

7. Security Procedures: The Credit Union may use various security procedures to verify the authenticity of the wire transfer request. You agree to comply with these procedures. The Credit Union is not responsible for any delays caused by security verifications.

8. Liability: The Credit Union is not liable for any losses or damages arising from delays, non-delivery, or mis-delivery of funds due to circumstances beyond its control, including but not limited to acts of God, war, or government actions.

9. Regulatory Compliance: Wire transfers are subject to federal regulations, including the Bank Secrecy Act (BSA), Electronic Fund Transfer Act (Regulation E), and OFAC (Office of Foreign Assets Control) requirements. The Credit Union reserves the right to block or reject any wire transfer that violates these regulations.

10. Dispute Resolution: Any disputes arising from wire transfers will be resolved in accordance with the Credit Union’s dispute resolution policies and procedures.