Check Endorsement. Federal regulations provide that the top 1-1/2 inches on the back of a check (when read vertically from the trailing edge) are designated for your endorsement as payee. If you endorse a check in the area outside of the endorsement area, mark or otherwise obscure the other area, or make an endorsement which is illegible or incomplete, you agree to hold us harmless from any loss, delay, liability, claim, or damage which occurs as a result. If we do not return your paid checks to you, images of the checks may be sent or made available to you with your periodic statement. Your original checks may be destroyed shortly after we process the checks, but we will maintain a record of the checks for a reasonable time period. You can obtain copies of your checks by sending us a written request with the following information: your name, account number, check number, the amount of the check, and (if known) the date the check was paid. There may be a research charge for obtaining copies of certain checks; if applicable, we will charge your account a fee for each copy (including the front and back of the check). If you have access to our online banking system, you may also be able to view copies of your checks there. We will not be responsible for any indirect, special or consequential damages under any circumstances for our inability to provide copies of checks. Our liability, if any, will not exceed the face amount of the check in question, and you must provide us with reasonable proof of any loss. If we receive an item for payment on a weekend or a holiday, we may treat it as if we had received it on the next Business Day. Our processing cutoff hour with respect to any knowledge, notice, stop payment or postdated check order, or legal process received by us involving a check is one hour after the opening of the Business Day following the Business Day on which we receive the check. The cutoff hour with respect to setoffs exercised by us is midnight of the Business Day following the Business Day we receive a check, or such later time by which we must return the check. The cutoff hour determines our obligation under state law to pay or return certain checks that have been received (but not finally paid) by us on the previous Business Day. We have automated collection and payment procedures that rely primarily on information encoded on each check or item in magnetic ink for paying or processing an item. We may rely on the information encoded on the check’s magnetic ink cha...
Check Endorsement. Client irrevocably makes, constitutes, and appoints Bank as Client’s true and lawful attorney-in-fact to endorse Client’s name on all such Checks with Bank’s standard endorsement for Lockbox Items, as it reads from time to time, and this endorsement will be the binding endorsement of the payee of the Check. Bank will apply the endorsement to the Checks indicating that the Items are to be credited to Client’s Account.
Check Endorsement. An item processed through Remote Deposit may be rejected by the Credit Union if it does not contain your personal endorsement, the date of deposit, the specific account number to which the deposit is to be credited, and the phrase “via remote deposit.” You agree to legibly endorse any item transmitted through the Services.
Check Endorsement. Federal regulations provide that the top 1-1/2 inches on the back of a check (when read vertically from the trailing edge) is designated for your endorsement as payee. If you endorse a check in the area outside of the endorsement area, mark or otherwise obscure the area, or make an endorsement which is illegible or incomplete, you agree to hold us harmless from any loss, delay, liability, claim, or damage which occurs as a result.
Check Endorsement. Federalregulationsprovidethatthetop 1-1/2 inches on the back of acheck(whenreadverticallyfromthe trailingedge) is designated for your endorsement as payee. If you endorse acheck in the areaoutside of the endorsement area, mark or otherwise obscure the other area, or make an endorsementwhich is illegible or incomplete, you agree to hold us harmless from any loss, delay, liability, claim, or damage which occurs as a result. Check Imaging. If you elect to receive our checkimagingservice, we will include images of your canceledchecks to you on your monthlystatements. There may be a fee assessed for the check imaging service. Your canceled checks will not be returned to you but will be destroyedshortly after we process your statement. We will maintainan image of each check for seven years. In some cases, checks you write may be converted into electronic images (truncated) duringthe checkcollection and returnprocess and we willreceivecopies of your checks, rather thanoriginals. CutoffHour. Ourprocessingcutoffhourwithrespecttoanyknowledge,notice,stoppaymentor postdateditemorder,or legalprocessreceivedbyus involving an item is one hour after the opening of the banking day following the banking day on which we receive the item. The cutoff hour with respect to setoffs exercised by us ismidnight of the banking day following the banking day we receive an item, or such later time by which we must return the item. The cutoff hour determines our obligation under state law to pay or return certain items that have been received (but not finally paid) by us on the previous banking day. Check Examination. We process checks by automated means based on information encoded on the checks. We may not physically examine all checks to determineifthey are properly signed or completed. Youagree that we may rely on such a process and that it will be deemed an acceptable standard of care on our part. ChecksLostor Stolen. Youagreetosafeguardyour blankchecks and totakereasonablestepstopreventtheirunauthorizeduse. If you areabusiness, you should store them under dual control in a secure, locked location that is accessible only to authorized personnel. If your blank checks are lost or stolen, you agreetonotify us immediately. Forsecurityreasons, we reservetherighttocloseyour account and transferthebalancetoa new account. If we do, all checks written but not yet paid may be returned to payees as “Account Closed” or “Refer to Maker”. You will be responsible for issuing any replacement checks...
Check Endorsement. Ensure that the check cashing program related to the SSMs at all times is established and operating such that each Check deposited into an SSM will be automatically endorsed: "Void ACE Cash Express Void".
Check Endorsement. All checks received by BIBTC for processing must be endorsed by YOU and may not be endorsed “without recourse.” All checks you deposit with BIBTC must be endorsed in the “payee zone,” as defined below on the back of the check and no double endorsements will be allowed. (There will be no previous endorsers.) Double endorsements will only be allowed if endorsed by you and your direct client; after receiving express written notice and supporting documents to accredit your direct client/servicer relation. The “payee zone” is a one and a half (1 ½) inch area beginning one and a half (1 ½) inch from the trailing edge of the check and extending to the trailing edge of the check. The trailing edge of the check is the left side of the check when you look at it from the front. All checks that do not comply with the requirements established herein will be rejected by BIBTC and will be returned to you. If deposited in person, the check will be immediately returned to you. If deposited using any other authorized method, the check will be returned to you by email or by mail sent to your last known address within the next five (5) Business Days after the check is received by us for deposit. You agree to indemnify us against and save us harmless from any loss, damage, expense and cost (including reasonable attorneys’ fees) which we may be responsible for because the endorsement and/or back of a check you deposit fails to comply with any of the requirements of this section.
Check Endorsement. All checks received by BIBTC for processing must be endorsed by you and may not be endorsed “without recourse.” All checks you deposit with BIBTC must be endorsed in the “payee zone,” as defined below on the back of the check and no double endorsements will be allowed. (There will be no previous endorsers.) The “payee zone” is a one and a half (1 ½) inch area beginning one and a half (1 ½) inch from the trailing edge of the check and extending to the trailing edge of the check. The trailing edge of the check is the left side of the check when you look at it from the front. All checks that do not comply with the requirements established herein will be rejected by BIBTC and will be returned to you by email or by mail sent to your last known address within the next five (5) Business Days after the check is received by us for deposit. You agree to indemnify us against and save us harmless from any loss, damage, expense and cost (including reasonable attorneys’ fees) which we may be responsible for because the endorsement and/or back of a check you deposit fails to comply with any of the requirements of this section.
Check Endorsement. You must properly endorse your check before capturing the image for Mobile Deposit. To properly endorse your check, you must include your signature, the words “for Mobile Deposit only at Educational Systems FCU” and your Educational Systems FCU account number on the back of the check. If your check is not properly endorsed, your deposit may be rejected or placed on extended hold and, at the Credit Union’s discretion, you may be required to provide the original check for deposit. You should securely store any original checks you deposit for five (5) business days in order to provide back-up support if there are imaging or other issues with the check. After this time and after you have verified that your deposit has posted, we recommend that you shred the original check or destroy it by another secure method to prevent accidental or unauthorized attempts to re-deposit the payment.
Check Endorsement. 22 Check Images. 22 Check Processing Cutoff Hour 23 Check Signature Verification. 23
