Wire Transfer Agreement Bank Of America

If we do not make a payment or transfer in accordance with your instructions or if we are in default, or if we make a payment or transfer of an incorrect amount less than the amount indicated in your instructions, unless otherwise provided by law, our interest liability will be limited to the amount we were unable to pay or transfer on time. calculated from the date on which the payment or transfer is to be made until the date on which it actually took place or you cancelled the instructions. We may pay such interest to you or the intended recipient of the payment or transfer, but in no event will we be liable to either party, and our payment to either party will fully fulfill any obligation to the other. If we make a payment or transfer of an incorrect amount that exceeds the amount indicated by your instructions, or if we authorize an unauthorized payment or transfer after having had a reasonable period of time to respond to a notice from you of possible unauthorized use as described above, unless required by law, our liability is limited to the refund of the amount unfairly paid or transferred. plus interest from the date of payment or transfer until the date of repayment, but in no case exceed 60 days of interest. If we are liable to you under this Agreement or applicable interest compensation law, such interest will be calculated based on the Federal Reserve Bank`s average federal funds rate in the county where Bank of America is headquartered for each day the interest is due, calculated on the basis of a year of 360 days. Except as otherwise provided by law, in no event shall Bank of America be liable to you for any special, indirect or consequential damages, including, but not limited to, lost profits or attorneys` fees, even if we are advised in advance of the possibility of such damages. If you are a sole proprietor and your personal and business accounts are linked to your online ID, you can transfer money between your eligible personal accounts and your business accounts. If you are not a sole proprietor, you will not be able to transfer money from your personal accounts to your business accounts. Yes, someone with your account information can transfer money directly to your Bank of America account. You will need to provide your account number and routing number for the transfer.

For incoming international wires, you must also provide the appropriate SWIFT code. You can transfer money to all your business accounts except your Business Certificate of Deposit (CD). Transfers from Business Credit Express credit accounts can only be made to your linked checking or savings accounts. We must hear from you no later than 60 days after sending the FIRST statement on which the problem or error occurred (or 90 days if the problem or error relates to a transfer from an account held with another financial institution). The International Bank Account Number (IBAN) is the international standard for the identification of international bank accounts across national borders. We may share information about your accounts with consumer registrars and with other persons or agencies who, in our sole discretion, have a legitimate purpose to obtain information, as further described in the account agreement for that account. .