Cross-Border Banking Solutions (Canada/U.S.) -
New York Branch

Business Account Disclosures

CUSTOMER IDENTIFICATION PROGRAM (CIP)

Cross-Border Business Solutions (Canada/U.S.)

(New York Branch)

USA Patriot Act customer identification program notification

To help the United States government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person or institution that opens an account.

What this means for you?

When you open an account for your institution, we will ask for your institution’s full legal name, principal place of business address, tax identification number, and other information that will allow us to identify your institution. We may also ask to see other identifying documents.

We appreciate your cooperation.

Unlawful Internet Gambling Enforcement Act (UIGEA)

Cross-Border Business Solutions (Canada/U.S.)

(New York Branch)

Unlawful Internet Gambling Enforcement Act Notification

Regulation GG implements the Unlawful Internet Gambling Enforcement Act of 2006. The act prohibits any person engaged in the business of betting or wagering (as defined in the act) from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling.

Such transactions are termed "restricted transactions." The act generally defines "unlawful Internet gambling" as placing, receiving, or otherwise knowingly transmitting a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable federal or state law in the state or tribal lands in which the bet or wager is initiated, received, or otherwise made.

As a customer of National Bank of Canada – New York Branch, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage as an internet gambling business and open a new account with us, we will ask you to provide evidence of your legal capacity to do so.

FUNDS AVAILABILITY FOR DEMAND DEPOSIT ACCOUNTS

Cross-Border Business Solutions (Canada/U.S.)

(New York Branch)

Your ability to withdraw funds

Subject to the exceptions described herein, our general policy is to make funds from your deposits available as per your instructions. We do not receive cash deposits and cash is not available for withdrawal.

Under normal circumstances, the following types of deposits will usually be available for withdrawal immediately on the day we receive the deposit:

Electronic direct deposits (ACH)
Wire transfers
Cheques drawn on an account held with us (i.e. New York Branch)

Our general policy does not apply to deposits made remotely through our Digital Deposit Service. For such deposits, the first $250 of the total deposited on any given day will be made available the first business day after we receive your deposit. Remaining funds will be available for withdrawal on the second business day following deposit.

For determining the availability of your deposits, consider that business days do not include Saturdays, Sundays, and Federal or New York State banking holidays. If we receive your deposit before 3:00 p.m. on a business day that we are open, we will consider that day to be the day of your deposit. However, if we receive a deposit after 3:00p.m. or on a day that we are not open, we will consider that the deposit was made on the following business day that we are open.

Longer delays may apply

Funds you deposit by check may be delayed for a longer period under the following circumstances:

You deposit checks totaling more than $5,525 on any given day.
You redeposit a check that has been returned unpaid.
You have overdrawn your account repeatedly in the last six months.
There is an emergency, such as failure of communication or computer equipment.
We have reason to believe that a check you deposit will not be paid.

We will notify you if we delay your ability to withdraw funds for any of these reasons and we will inform you when the funds will be available. Any delays in availability will be within the guidelines as established under Regulation CC of the Board of Governors of the Federal Reserve System.

Special rules for new accounts

If you are a new customer to the Bank, the following special rules may apply during the first 30 days of opening your account:

Funds from electronic direct deposits to your account will be available on the day we receive the deposit.

Funds from wire deposits and the first $5,525 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, federal, and state and local government checks will be available on the first business day following the day of your deposit. Any surplus over $5,525 will be available on the ninth business day after the day of your deposit. If your deposit of these checks is not made in person to one of our employees, the first $5,525 will not be available until the second business day following the day of your deposit.

Funds from all other check deposits will be available on the ninth business day after the day of your deposit.

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Payment Instructions

The following electronic payment instructions should be provided to your customers who transfer funds electronically to their US account held in your New York Branch. *It is important to advise your customers to send all incoming wires using an International Wire Transfer, regardless if they are located in the United States or elsewhere. this enables them to add our intermediary bank as well.*

Incoming Wire Tranfer:

Beneficiary Bank: National Bank of Canada-New York

Beneficiary Bank Address: 65 East 55th Street, New York, NY 10022

SWIFT ID: BNDCUS33

IBAN: 2000292911714 (optional)

Beneficiary: YOUR COMPANY NAME

Account number: YOUR ACCOUNT NUMBER, i.e XXX-XXX-001

Intermediary Bank: Wells Fargo Bank N.A

Address: New York, NY USA

SWIFT Code: PNBPUS3NNYC

ABA Routing/Fedwire: 026005092

Did you know…

In Canada, your bank account number is determined by your account, transit, and financial institution numbers.

Ex: xx-xxx-xx, 1234-1, 006

In the United States, your bank account number is determined by your account and ABA routing numbers.

The following payment instructions are mandatory to electronically transfer funds to your domestic (i.e.to United States) or international (i.e. outside United States) supplier.

Outgoing Wire Transfer:

Beneficiary Name: Your supplier name

Account number: Your supplier account number

Address: Full mailing address: po box is not accepted

Beneficiary Bank:
Beneficiary Bank Address:
SWIFT or BIC or IBAN or ABA:

Useful information about SWIFT, BIC, IBAN and ABA

Standard bank identifier codes.

Swift, BIC and IBAN are required for all international payments. IBAN is used in Europe, and BIC/SWIFT are used Internationally.

The ABA Routing Number is required for all domestic payments (in USA).

Easily transfer funds between your National Bank accounts

To process a transfer from your NY branch account to your National Bank account in Canada, you will need the coordinates of the National Bank of Canada head office. The coordinates apply regardless of the branch in which your account is held. *It is important when sending funds to your NBC account on the Canadian side, to always use an international wire transfer in Fundsmanager.*

Beneficiary Bank:  National Bank of Canada
Beneficiary Bank Address:  800 Saint-Jacques Street, Montreal, Quebec, Canada H3C 1A3
SWIFT:  BNDCCAMMINT

Beneficiary Name: Your company name
Account number format: (12345)-(1234567)
Address: Your address

Intermediary Bank: J.P Morgan Chase Bank N.A

Address: New York, NY USA

Swift Code: CHASUS33

ABA Routing/FedWire: 021000021

Receiving Institution is identical to the intermediary information.

Incoming ACH Instructions

Your provider wishes to debit your account through an electronic fund transfer using the automated clearing house (ACH) network you will need to provide the following information: *Please ensure that you provide your account type to your counterparty. *:

Name of Receiving Bank: National Bank of Canada-New York
Account number: YOUR ACCOUNT NUMBER, i.e XXX-XXX-001
Account Type: DDA/Checking
ABA Routing number : 026005487