Common use of Bank’s Responsibilities Clause in Contracts

Bank’s Responsibilities. a. As part of the Services, Bank will accept for deposit to the designated Account those Electronic Items that are transmitted to Bank in compliance with this Agreement and this Service Schedule. Electronic Items shall be deemed received upon successful receipt of the transmission of such images that are complete, usable, and adhere to the specifications set forth in the Documentation. If the Electronic Items are not complete, are not useable, or do not adhere to such specifications, the images may not be processed by Bank, in which event Customer's deposit will be adjusted and notification will be provided. Customer agrees that the Bank may limit the dollar amount or number of Electronic Items that may be deposited on any day or a monthly basis, and that such limits may differ depending on the Authorized Equipment used by Customer.

Appears in 5 contracts

Samples: Business Online and Mobile Banking Agreement and Disclosure, Master Treasury Management Services Agreement, Business Online and Mobile Banking Agreement and Disclosure

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