Additional Terms for Remote Deposit Services. “Remote Deposit Service” is a Mobile Banking service that allows you to make deposits of the electronic image of a check or substitute check (as defined by federal law) (each an “Item”) to your eligible checking, savings, or money market accounts at BMO Xxxxxx by capturing an electronic image of the Item with the capture device (such as a camera) on your mobile device and submitting images and information about the Item to us for processing.
Additional Terms for Remote Deposit Services. “Remote Deposit Service” is a Mobile Banking service that allows you to make deposits of the electronic image of a check or substitute check (as defined by federal law) (each an “Item”) to your eligible checking, savings, or money market Accounts with us by capturing an electronic image of the Item with the capture device (such as a camera) on your mobile device and submitting images and information about the Item to us for processing. Eligible Items: You agree that you will not use the Remote Deposit Service to deposit any of the following Items: (i) items that have already been presented to, or paid by, another person, company, or depository institution, (ii) items payable to any person or entity other than you, (iii) items drawn on a financial institution located outside the United States, (iv) items containing obvious alteration to any of the fields on the front of the Item, or which you know or suspect, or should know or suspect, are fraudulent, or (v) items prohibited by our current procedures relating to the Remote Deposit Service or which are otherwise not acceptable under the terms of your applicable checking, savings, or money market account and related agreement with us. Item Image Quality: The image of an Item transmitted using the Remote Deposit Service must be legible and clear. It must not be altered. It must capture all pertinent information from both sides of the Item. Image quality must comply with industry requirements established and updated by the American National Standards Institute (ANSI), the Board of Governors of the Federal Reserve System, and any other applicable regulatory agency. Endorsement of Items: You must endorse all Items before submitting them using the Remote Deposit Service. Processing Time and Availability of Funds: If we receive the image of an Item for deposit on or before 6:00 p.m. Central Time (CT) on a Business Day (as defined below), we will consider that day the day of deposit. If we receive the image of an Item for deposit after 6:00 p.m. CT or on a weekend or on a non-Business Day, we will consider the next Business Day as the day of deposit. For Items deposited into checking accounts, the first $200 of the deposit will be available one Business Day after the date of deposit. Any amount in excess of $200] will be available two Business Days after the day of deposit. For items deposited into savings or money market accounts, all funds will be available five Business Days after the day of deposit. For purposes...
