Chargeback of Returned Items. If Images of Items previously deposited by the Customer are dishonored and returned unpaid by the drawee bank or are returned by a clearing agent for any reason, including but not limited to issues relating to the quality of the Image, the Customer understands and agrees that, since the Customer either maintains the original Item or has destroyed the original Item, the original Item will not be returned and the Bank may charge back an Image of the Item to the Customer’s Account. The Customer understands and agrees that the Image may be in the form of an electronic or paper reproduction of the original Item or a substitute check. Unless otherwise instructed by the Bank, the Customer agrees not to deposit the original Check if an Image or other debit as previously described is charged back to the Customer. CONFIRMATION: ACCOUNT RECONCILIATION. The Bank will provide notice of receipt of deposits to the Customer’s Account with the Bank on the Customer’s periodic Account statement. The Customer is responsible for detecting and reporting to the Bank any discrepancy between the Customer’s records and the records the Bank provides to the Customer. In the event that there is a discrepancy and the Customer does not detect and notify the Bank of such a discrepancy immediately upon receipt of the Customer’s daily Remote Deposit Files, then such transactions shall be considered correct and the Customer shall be precluded from asserting such error or discrepancy against the Bank. UPDATE NOTICE. The Customer shall provide written notice to the Bank of any changes to the information provided by the Customer to the Bank, including but not limited to: additional locations, any change in business, any new business, the identity of principals and/or owners, the form of business organization, type of goods and services provided, and method of conducting sales. Such notice must be received in writing by your branch office within 5 business days of the change. Further, upon the Bank’s request, the Customer shall confirm and/or provide updated information within 5 days of such request. The Bank retains the right to (i) review the Customer’s Item and business activity from time to time to confirm the Customer is conducting business as stated by the Customer at the time of receipt of this Agreement, and (ii) re- price or terminate the Bank’s RDC Services based on changes to the facts previously stated by the Customer. BANK’S DUTIES. The Bank’s duties and responsibilities under this...
Chargeback of Returned Items. If Images of Item(s) previously deposited by Client are dishonored and returned unpaid by the drawee bank, Client understands and agrees that, since Client either maintains the original Item or has destroyed the original Item in accordance with Section 5 of this Agreement, the original Item will not be returned and Bank may charge back an Image of the Item, an ACH debit, or other electronic or paper debit to Client’s checking account. Client understands and agrees that the Image may be in the form of an electronic or paper reproduction of the original Item or a substitute check. • Special Instructions. Client may request that Bank re-present returned Item(s) to the drawee or to process returned item(s) according to instructions provided by Client to Bank (“Special Instructions”). These Special Instructions may be given to Bank in a separate document in conjunction with or subsequent to the execution of this Agreement. Bank shall not be bound by such Special Instructions until such time as Bank has agreed in writing to accept the Special Instructions. Notwithstanding the fact that Bank has agreed to accept the Special Instructions, Bank may, in its sole discretion, disregard the Special Instructions and charge the returned item(s) back to the Client account to which the Item(s) were deposited. In the event that Client has requested that returned Items be re-presented, in no event will Bank re-present an Item or ACH entry in excess of the limit established or permitted for the number of times that an Item or ACH entry may be re-presented by law, rules, regulation, agreement, or Operating Circular. Client may change or amend the Special Instructions by providing Bank a written request to change or amend the Special Instructions. Changes or amendments to the Special Instructions shall not become effective until acknowledged and accepted in writing by Bank. Client hereby agrees to pay Bank the fees for processing returned Items and Special Instructions contained in Bank’s Schedule of Fees.
Chargeback of Returned Items. If Images of Items previously deposited by you are dishonored and returned unpaid by the drawee bank, you understand and agree that, since you either maintain the original Item or have destroyed the original Item in accordance with these Service Terms and Conditions, the original Item will not be returned and we may charge back an Image of the Item, an ACH debit, or other electronic or paper debit to the Account(s). You understand and agree that the Image may be in the form of an electronic or paper reproduction of the original Item or a Substitute Check. You may not deposit the original Item if an Image or other debit as previously described is charged back to you.
