Law library · Sierra Leone · The Payment Systems Act, 2009
Section 22, The Payment Systems Act, 2009
Status not yet checkedThe Payment Systems Act, 2009, Sierra Leone
(1) The originator’s institution, any intermediaryinstitution and the beneficiary’s institution shall each be obliged to
execute any transfer for the full amount thereof, unless the originator
has specified that the costs of the transfer are to be borne wholly or
partly by the beneficiary.
(2) Subsection (1) shall not prejudice any rights of the
beneficiary’s institution to charge the beneficiary for the
administration of his account.
(3) This section is subject to any contrary provision in
the rules of the system concerned.
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