Common use of ADDITIONAL TERMS AND CONDITIONS FOR MOBILE REMOTE DEPOSIT CAPTURE SERVICE Clause in Contracts

ADDITIONAL TERMS AND CONDITIONS FOR MOBILE REMOTE DEPOSIT CAPTURE SERVICE. Mobile Remote Deposit Capture (MRDC) Service is an optional service that provides you with a process to use certain devices to electronically scan, capture the check image and transmit checks for deposit to a checking or savings account with us. The deposit account must be an Eligible Transaction Account selected for access in the MRDC Service. The MRDC Service is subject to the terms and conditions set forth in this Agreement. You agree that no MRDC Service transaction is an “electronic funds transfer” as defined by the federal Electronic Funds Transfer Act and/or Regulation E of the Consumer Financial Protection Bureau. In the event of inconsistency between a provision of this section and any of the Uniform Commercial Code, the Check 21 Act, the Federal Reserve Board’s Regulation CC, any other law, rule or regulation affecting the subject matter hereof, and including any clearinghouse agreements, operating circulars and any image exchange agreements to which we are a party, or any other law or regulation which permits waiver or modification by agreement, to all of which you agree to be bound as governing the subject matter of this agreement and all of which is hereinafter referred to at times as the “Controlling Law”, then the provisions of this section shall prevail.

Appears in 4 contracts

Samples: Bancorpsouth Bank Customer Agreement, Bancorpsouth Bank Customer Agreement, Bancorpsouth Bank Customer Agreement

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