Common use of Cashing Items or Accepting Items for Deposit Clause in Contracts

Cashing Items or Accepting Items for Deposit. FSB may accept a check or other item for deposit to your account from anyone. FSB has no obligation to question the authority of the person making the deposit. If your account is overdrawn, FSB will use the deposit to pay the overdraft and any fees or interest you owe to FSB. All deposits must be accompanied by your deposit slip, account number, and account name; and all checks must be properly endorsed. FSB may refuse, accept for collection only, or return all or part of any deposit. FSB does not accept cash or coins for deposit through mail or courier. FSB may refuse to accept for deposit to your account items which are payable to another person. FSB acts only as your collecting agent for items deposited and FSB assumes no responsibility beyond the exercise of ordinary care, including care in selecting collecting banks. FSB is not responsible for errors and delays made by others in the collection process. If FSB has given you credit for an item and it is not paid for any reason, FSB may revoke the credit and charge the amount of the item back to your account, even if this causes your account to be overdrawn. If FSB accepts a cash deposit in unusual denominations, such as a large number of loose coins, FSB may assess a charge for processing the deposit. If you use a blank deposit slip rather than your personalized deposit slip, you agree that FSB will not be liable for errors that may result from your or FSB’s manually encoding the account information. You agree that you will not knowingly deposit items into your account that do not have either a true original signature of the person on whose account it is drawn or an authorized mechanical reproduction of that person’s signature.

Cashing Items or Accepting Items for Deposit. FSB CNB may accept a check or other item for deposit to your account from anyone. FSB The Bank has no obligation to question the authority of the person making the deposit. If your account is overdrawn, FSB the Bank will use the deposit to pay the overdraft and any fees or interest you owe to FSBthe Bank. All deposits must be accompanied by your deposit slip, account number, and account name; , and all checks must be properly endorsed. FSB CNB may refuse, accept for collection only, or return all or part of any deposit. FSB does not accept cash or coins for deposit through mail or courier. FSB The Bank may refuse to accept for deposit to your account items which are payable to another personperson or entity. FSB City National Bank acts only as your collecting agent for items deposited deposited, and FSB the Bank assumes no responsibility beyond the exercise of ordinary care, including care in selecting collecting banks. FSB The Bank is not responsible for errors and delays made by others in the collection process. If FSB the Bank has given you credit for an item and it is not paid for any reason, FSB the Bank may revoke the credit and charge the amount of the item back to your account, even if this causes your account to be overdrawn. If FSB accepts a cash deposit in unusual denominations, such as a large number of loose coins, FSB may assess a charge for processing the deposit. If you use a blank deposit slip rather than your personalized deposit slip, you agree that FSB the Bank will not be liable for errors that may result from your or FSBthe Bank’s manually encoding the account information. You agree that you will not knowingly deposit items into your account that do not have either a true original signature of the person on whose account it is drawn or an authorized mechanical reproduction of that person’s signature.