Common use of Check and Check Image Requirements Clause in Contracts

Check and Check Image Requirements. a. Any image of a check, as that term is defined in Federal Reserve Board Regulation CC (“Reg. CC”), that you transmit to us must accurately and legibly provide all the information on the front and back of the check at the time it is presented to you by the drawer. Original checks are converted to an Image Replacement Document (as such term is defined in the Check Clearing for the 21st Century Act and Reg. CC), for deposit with the Bank and for processing and presentment to a collecting or paying financial institution. You agree that the image of the check transmitted to Settlers bank shall be deemed an “item” within the meaning of Articles 3 and 4 of the Uniform Commercial Code. b. Prior to capturing the image of the original check, you shall properly endorse the back of the check. Your endorsement should include a legible signature. c. A check and any image of a check transmitted using the Service must include the accurate and legible presentation of the following (and other features as appropriate): i. Pre-printed information that identifies the check drawer and the financial institution on which the original check is drawn, ii. The MICR encoded account number and drawee bank’s routing and transit number; The date the check was written; iii. The drawer’s signature(s); iv. Other information placed on the check prior to the time an image of the check is captured, such as any indorsements applied to the back of the check including "Remote Deposit at Settlers"; and v. The check is otherwise suitable for automated processing in the same manner as the original check. vi. The image quality of the check will meet the standards for image quality established by the American National Standards Institute (“ANSI”), the Board of Governors of the Federal Reserve, and any other regulatory agency, clearing house or association. d. We reserve the right to reject any item transmitted through Mobile deposit at our discretion without incurring any liability to you. We may restrict and/or cancel, without prior notice, your ability to use Deposit Services if we notice any suspicious activity or mismanagement of your bank accounts including failure to promptly bring negative account balances to a positive balance.

Check and Check Image Requirements. a. Any image of a check, as that term is defined in Federal Reserve Board Regulation CC (“Reg. CC”), an original item that you transmit to us must accurately and legibly provide all the information on the front and back of the check original item at the time it is was presented to you by the drawerpayer. Original checks are converted to an Image Replacement Document (as such term is defined in the Check Clearing for the 21st Century Act and Reg. CC), for deposit with the Bank and for processing and presentment to a collecting or paying financial institution. You agree that the image of the check transmitted to Settlers bank shall be deemed an “item” within the meaning of Articles 3 and 4 of the Uniform Commercial Code. b. Prior to capturing the image of the original checkitem, you shall properly must endorse the back of the checkitem. Your endorsement should must include a legible signature. c. A check your signature and your account number. The original item and any image of a check the original item transmitted using via the Service must include the accurate and legible presentation of the following (information and other features and information as appropriate): i. Pre-printed : • Unaltered preprinted information that identifies the check drawer payer and the financial institution on which the original check item is drawn, ii. ; • The unaltered MICR encoded account number and drawee bank’s financial institution routing and transit number; • The unaltered date the check was written; iii. ; • The drawerunaltered payer’s signature(s); iv. signature; • Other unaltered information placed on the check item prior to the time an image of the check item is captured, such as any indorsements endorsements applied to the back of the check including "Remote Deposit at Settlers"item; and v. The check is otherwise suitable for automated processing in the same manner as the original check. vi. and • The image quality of the check will item must meet the basic standards for image quality for remote deposit captured items as established by the American National Standards Institute (“ANSI”), the Board of Governors of the Federal Reserve, and any other regulatory agency, clearing house or association. d. We reserve , or by us, or by applicable law. Both the right front and back of each item must be transmitted to reject us as provided in any user guide or other instructions provided to you by us or the Service, including on-screen instructions. We, in our sole discretion, may refuse to accept any items that do not meet our image quality requirements, which we may change at our sole discretion. This includes, without limitation, items where: • The front and/or back image is too large or too small; • The front and/or back image is too light or too dark; • The front and/or back images have a dimension or other mismatch or discrepancy; • The image has torn or folded edges, cut corners, or other damage; • The image does not comply with the standards for image quality established from time to time by the American National Standard Institute (ANSI), the Federal Reserve Board, any other regulatory agency, clearing house or association, or by us, or by applicable law. You understand and agree that you are not permitted to deposit the following items using the Service: • Any item payable to any person other than you and/or the joint accountholder; • Any item drawn on your account; • Any item issued by you, or by any other person on any of your accounts or any account on which you are an authorized signer or joint account holder, or any account of a business entity of which you are a principal, officer or authorized signer; • Any item that is stamped “non-negotiable”, “void”, or any other word indicating that the item is not valid; • Any item that contains any altered information; • Any item that you know or suspect, or should know or suspect, is fraudulent or otherwise not authorized by the issuer; • Any item that is a substitute check as defined by Check 21 or image replacement documents that purport to be substitute checks and which have been previously endorsed by a financial institution; • Any item issued by a financial institution in a foreign country, or is written for an amount in non U.S. currency; • Any item that is incomplete or contains incomplete information; • Any item that is “post-dated” (i.e., dated more than one day after the date of deposit) or “staledated” (i.e., dated more than six (6) months prior to the date of deposit; • Any third party check i.e., any item transmitted through Mobile deposit at that is payable to another party and then endorsed to you by that party; • Any item having a duplicate MICR code line; • Any item missing or having an invalid or incorrect routing number; • Any item that is a photocopy or otherwise not an original paper item when they are scanned; • Any item that has been issued to multiple parties; • Any item that has been previously negotiated or deposited into any account; • Any item over $5,000; • Any item with qualified, conditional, restrictive, and/or special endorsements; • Any item payable to more than one individual where all parties are not signers on the account; • Bonds • Any item that has previously been deposited and been returned unpaid for any reason; • Any item that does not qualify as “original checks” as defined in Regulation CC; In the event that you breach any of these representations and warranties, you agree to defend, indemnify and hold us and our discretion without incurring agents harmless from and against all liability, damages, and loss arising out of any liability claims, suits or demands brought by third parties with respect to you. We may restrict and/or cancel, without prior notice, your ability to use Deposit Services if we notice any suspicious activity or mismanagement of your bank accounts including failure to promptly bring negative account balances to a positive balancesuch breach.

Check and Check Image Requirements. a. Any image of a check, as that term is defined in Federal Reserve Board Regulation CC (“Reg. CC”), check that you transmit to us use must accurately and legibly provide all the information on the front and back of the check at the time it is presented to you by the drawerpayer. Original checks are converted to an Image Replacement Document (as such term is defined in the Check Clearing for the 21st Century Act and Reg. CC), for deposit with the Bank and for processing and presentment to a collecting or paying financial institution. You agree that the image of the check transmitted to Settlers bank shall be deemed an “item” within the meaning of Articles 3 and 4 of the Uniform Commercial Code. b. Prior to capturing the image of the original check, you shall properly will endorse the back of the check. Your endorsement should will include a legible signature. c. your Account Number. A check and any image of a check transmitted using via the Service must include the accurate and legible presentation of the following (and other features as appropriate): i. : • Pre-printed information that identifies the check drawer payer and the financial institution on which the original check is drawn, ii. ; • The MICR encoded account number and drawee bank’s financial institution routing and transit number; • The date the check was written; iii. ; • The drawerpayer’s signature(s); iv. ; and • Other information placed on the check prior to the time an image of the check is captured, such as any indorsements endorsements applied to the back of the check including "Remote Deposit at Settlers"; and v. The check is otherwise suitable for automated processing in the same manner as the original check. vi. • The image quality of the check will meet the standards for image quality established by the American National Standards Institute (“ANSI”), the Board of Governors of the Federal Reserve, the Credit Union and any other regulatory agency, clearing house or association. d. We reserve the right to reject any . The image of an item transmitted through Mobile to Credit Union using the Services must be legible, as determined in the sole discretion of Credit Union. Without limiting the foregoing, the image quality of the items must comply with the requirements established from time to time by Credit Union, ANSI, the Board of Governors of the Federal Reserve Board, or any other regulatory agency, clearinghouse or association. You understand and agree that you are not permitted to deposit at our discretion without incurring any liability the following items using the Service: • Any item not drawn on a credit union, savings and loan, financial institution not located in the United States. • Any item drawn on your Account. • Any item made payable to you“cash”. We may restrict and/or cancel, without prior notice, your ability to use Deposit Services if we notice any suspicious activity or mismanagement of your bank accounts including failure to promptly bring negative account balances • Any item payable to a positive balancemember and another party who is not a joint owner on the Account. • Any third party checks (checks made payable to any person or entity other than a member). • Any item that is stamped “non-negotiable,” “void,” or any other word or phrase indicating that the item is not valid. • Any item that appears to contain altered information. • Any item issued by a financial institution in a foreign country, or is written for an amount in non U.S. currency. • Any traveler’s checks. • Any item that is incomplete or contains incomplete information. • Any item that is “post-dated” or “stale-dated” per our current guidelines. • Any item that has been previously negotiated or deposited into any account.

Check and Check Image Requirements. a. Any image of a check, as that term is defined in Federal Reserve Board Regulation CC (“Reg. CC”), check that you transmit to us use must accurately and legibly provide all the information on the front and back of the check at the time it is presented to you by the drawercheck. Original checks are converted to an Image Replacement Document (as such term is defined in the Check Clearing for the 21st Century Act and Reg. CC), for deposit with the Bank and for processing and presentment to a collecting or paying financial institution. You agree that the image of the check transmitted to Settlers bank shall be deemed an “item” within the meaning of Articles 3 and 4 of the Uniform Commercial Code. b. Prior to capturing the image of the original check, you shall properly must endorse the back of the check. Your endorsement should must include a legible signature. c. the verbiage “For Mobile Check Deposit”. A check and any image of a check transmitted using via the Service must include the accurate and legible presentation of the following (and other features as appropriate): i. : • Pre-printed information that identifies the check drawer payer and the financial institution on which the original check is drawn, ii. ; • The MICR encoded account number and drawee bank’s financial institution routing and transit number; • The date the check was written; iii. ; • The drawerpayer’s signature(s); iv. ; and • Other information placed on the check prior to the time an image of the check is captured, such as any indorsements endorsements applied to the back of the check including "Remote Deposit at Settlers"; and v. The check is otherwise suitable for automated processing in the same manner as the original check. vi. • The image quality of the check will meet the standards for image quality established as required by the American National Standards Institute Credit Union. You understand and agree that you are not permitted to deposit the following items using the Service: • Any item not drawn on a credit union, savings and loan, financial institution not located in the United States. • Any item drawn on your Account. • Any item made payable to “cash”. • Any item payable to a member and another party who is not a joint owner on the Account. • Any third party checks (checks made payable to any person or entity other than a member). • Any item that is stamped “ANSInon-negotiable”), the Board of Governors of the Federal Reserve, and “void,” or any other regulatory agencyword or phrase indicating that the item is not valid. • Any item that appears to contain altered information. • Any item issued by a financial institution in a foreign country, clearing house or associationis written for an amount in non U.S. currency. • Any traveler’s checks. • Any item that is incomplete or contains incomplete information. • Any item that is “post-dated” or “stale-dated” per our current guidelines. • Any item that has been previously negotiated or deposited into any account. d. We reserve the right to reject any item transmitted through Mobile deposit at our discretion without incurring any liability to you. We may restrict and/or cancel, without prior notice, your ability to use Deposit Services if we notice any suspicious activity or mismanagement of your bank accounts including failure to promptly bring negative account balances to a positive balance.