Common use of Check Deposits Clause in Contracts

Check Deposits. a. All check endorsements must be made in the first one and one-half inches of the trailing edge of the back of the check. The trailing edge is opposite the left side of the face of the check. You will be responsible for any costs incurred by the Credit Union due to delays in returning checks deposited into your account that do not comply with these endorsement standards. b. In general, any check dated more than six months prior to presentment is considered a “stale dated” check and will not be accepted for deposit. c. In general, any check that is written with a future date from presentment is considered a “post- dated” check and will not be accepted for deposit. d. The Credit Union shall not be liable to any party for any losses or damages that may result from the Credit Union’s processing of any “post dated” or “stale dated” checks.

Appears in 4 contracts

Samples: Membership Agreement, Membership Agreement, Membership Agreement

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Check Deposits. a. All check endorsements must be made in the first one and one-half inches of the trailing edge of the back of the check. The trailing edge is opposite the left side of the face of the check. You will be responsible for any costs incurred by the Credit Union due to delays in returning checks deposited into your account that do not comply with these endorsement standards. b. In general, any check dated more than six months prior to presentment is considered a “stale dated” check and will not be accepted for deposit. c. In general, any check that is written with a future date from presentment is considered a “post- dated” check and will not be accepted for depositfordeposit. d. The Credit Union shall not be liable to any party for any losses or damages that may result from the Credit Union’s processing of any “post dated” or “stale dated” checksdated”checks.

Appears in 1 contract

Samples: Membership Agreement

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Check Deposits. a. All check endorsements must be made in the first one and one-half inches of the trailing edge of the back of the check. The trailing edge is opposite the left side of the face of the check. You will be responsible for any costs incurred by the Credit Union due to delays in returning checks deposited into your account that do not comply with these endorsement standards. b. In general, any check dated more than six months prior to presentment is considered a “stale dated” check and will not be accepted for deposit. c. In general, any check that is written with a future date from presentment is considered a “post- dated” check and will not be accepted for deposit. d. The Credit Union shall not be liable to any party for any losses or damages that may result from the Credit Union’s processing of any “post dated” or “stale dated” checksdated”checks.

Appears in 1 contract

Samples: Membership Agreement

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