Common use of CASHING CHECKS Clause in Contracts

CASHING CHECKS. If a payee of a check you have written on your account with us presents the check over the counter to us for immediate payment in any of our offices, we may require identification and proof of authority satisfactory to us to establish the identity and the authority of the person presenting the check. We (without liability) may refuse to pay a check drawn on your account presented by a payee or holder of the check for immediate payment at one of our branches if (1) we have a concern about the authority or identity of the person presenting the check, (2) our computers are not working properly, (3) the amount of the check exceeds $5,000 or such other limit we may set from time to time, or (4) we, in our sole discretion, are suspicious about the transaction such as, by way of examples only, we question the authenticity of the Item or we believe the Item was procured as a result of elder abuse. You agree that our refusal to pay such a check is not wrongful dishonor. If the payee does not have a deposit relationship with us, we may also require a fingerprint before we pay the check, we may charge a fee for paying the check, or we may refuse to pay the check. From time to time, we may also impose other requirements that we consider appropriate. We have no liability to you for refusing to pay the check or charging a fee.