Acceptance of Checks for Deposit is a Service to You. In handling checks, drafts, items, or money for deposit or collec- tion, we are providing you a service (assisting you in collecting payment for the deposit) and act only as your agent, and assume no responsibility for the check, draft, or item beyond that of the use of ordinary care. We are not responsible for any deposit sent by mail or made at an unstaffed facility (for example, an automated teller machine that is not at a branch) until we actually receive the deposited item or money. We are not liable for the negligence or default of any correspondent or for loss in transit, and each corres- pondent will only be liable for its own negligence. You understand and agree that we have the right to send any deposited check, draft, or item for collection, which means we will hold the funds represented by the check, draft, or item until the check, draft or item is finally paid. You further understand and agree that we have the right to charge your account for any check, draft, or item taken for deposit should it become lost in the collection process.
Appears in 1 contract
Samples: www.redbrandcu.com
Acceptance of Checks for Deposit is a Service to You. In handling checks, drafts, items, or money for deposit or collec- tion, tion we are providing you a service (assisting you in collecting payment for the deposit) and act only as your agent, and assume no responsibility for the check, draft, or item beyond that of the use of ordinary care. We are not responsible for any deposit sent by mail or made at an unstaffed facility (for example, an automated auto- mated teller machine that is not at a branch) until we actually receive re- ceive the deposited item or money. We are not liable responsible for the negligence or default of any correspondent or for loss in transit, and each corres- pondent correspondent will only be liable for its own negligence. You understand and agree that we have the right to send any deposited de- posited check, draft, or item for collection, which means we will hold the funds represented by the check, draft, or item until the check, draft or item is finally paid. You further understand and agree that we have the right to charge your account for any check, draft, or item taken for deposit should it become lost in the collection process.
Appears in 1 contract
Samples: www.redbrandcu.com
Acceptance of Checks for Deposit is a Service to You. In handling checks, drafts, items, or money for deposit or collec- tion, collection we are providing provid- ing you a service (assisting you in collecting payment for the deposit) and act only as your agent, and assume no responsibility for the check, draft, or item beyond that of the use of ordinary care. We are not responsible for any deposit sent by mail or made at an unstaffed facility (for example, an automated teller machine that is not at a branch) until we actually receive the deposited item or money. We are not liable respon- sible for the negligence or default of any correspondent or for loss in transit, and each corres- pondent correspondent will only be liable for its own negligence. You understand and agree that we have the right to send any deposited check, draft, or item for collectioncollec- tion, which means we will hold the funds represented by the check, draft, or item until the check, draft or item is finally paid. You further understand and agree that we have the right to charge your account for any check, draft, or item taken for deposit de- posit should it become lost in the collection process.
Appears in 1 contract
Samples: www.redbrandcu.com
Acceptance of Checks for Deposit is a Service to You. In handling checks, drafts, items, or money for deposit or collec- tioncollection, we are providing you a service (assisting you in collecting payment for the deposit) and act only as your agent, and assume no responsibility for the check, draft, or item beyond that of the use of ordinary care. We are not responsible for any deposit sent by mail or made at an unstaffed facility (for example, an automated teller machine that is not at a branch) until we actually receive the deposited item or money. We are not liable for the negligence or default of any correspondent or for loss in transit, and each corres- pondent correspondent will only be liable for its own negligence. You understand and agree that we have the right to send any deposited check, draft, or item for collection, which means we will hold the funds represented by the check, draft, or item until the check, draft or item is finally paid. You further understand and agree that we have the right to charge your account for any check, draft, or item taken for deposit should it become lost in the collection process.
Appears in 1 contract
Samples: www.rgvcu.coop