Check Legends and Restrictive Endorsements. Legends or notations placed on checks such as “not valid after 60 days” or “not valid over $1,000” are ineffective and will be processed by us without regard to such legends or notations. Similarly, any conditional or restrictive endorsements or other notations found on checks are ineffective and will be processed by us without regard to the endorsement or notation. We may pay checks with such legends, endorsements, or notations even if the restriction or other conditions have not been met. We are not liable to you or any other party for any Losses that result from the placement of these restrictions or other notations on your checks, or from our disregarding them. You agree that we may disregard all information on the check other than the identity of the drawee bank, the amount of the check and any other information encoded onto the check in magnetic ink in accordance with banking practices.
Check Legends and Restrictive Endorsements. Legends or notations placed on checks such as “not valid after 60 days” or “not valid over $1,000” are ineffective and will be processed by us without regard to such legends or notations. Similarly, any conditional or restrictive endorsements or other notations found on checks are ineffective and will be processed by us without regard to the endorsement or notation. We may pay checks with such legends, endorsements, or notations even if the restriction or other conditions have not been met. We are not liable to you or any other party for any Losses that result from the placement of these restrictions or other notations on your checks, or from our disregarding them. CHECK PROCESSING – We may process items mechanically by relying on the information encoded along the bottom of the items. This means that we may not individually examine all of your items to determine if the items are properly completed, signed and endorsed. You agree that we have not failed to exercise ordinary care solely because we use an automated system to process items and do not inspect all items processed in such a manner. We reserve the right not to inspect each item because using an automated process helps us keep costs down for you and all account holders. To assist you in handling your account with us, we are providing you with the following information regarding how we process the items that you write. In general, we post deposits and withdrawals (including checks and ACH, ATM, and POS transactions) in the order in which they are presented to us, which may be different from the order in which you initiated them. Some transactions are posted in “real time,” when they occur, and others are posted in batches throughout each business day. Most checks are posted in a single batch at the end of each business day. If we process multiple electronic transactions (such as ACH and POS transactions) or checks at the same time, we post electronic payment orders in dollar amount order starting with the smallest amount and we post checks in numerical check number order starting with the lowest check number. Even though the preceding sentences describe our usual practices, we may accept, pay or charge items to your account in any order we choose even if (a) paying a particular item results in an insufficient balance in your account to pay one or more other items that otherwise could have been paid out of your account; or
Check Legends and Restrictive Endorsements. Legends or notations placed on checks such as “not valid after 60 days” or “not valid over $1,000” are ineffective and will be processed by us without regard to such legends or notations. Similarly, any conditional or restrictive endorsements or other notations found on checks are ineffective and will be processed by us without regard to the endorsement or notation. We may pay checks with such legends, endorsements, or notations even if the restriction or other conditions have not been met. We are not liable to you or any other party for any Losses that result from the placement of these restrictions or other notations on your checks, or from our disregarding them.
Check Legends and Restrictive Endorsements. Legends or notations that you place on checks you draw on your deposit account, such as “not valid after 60 days” or “not valid over $1,000,” are ineffective and will be processed by us without regard to such legends or notations. Similarly, any conditional or restrictive endorsements or other notations found on checks that you deposit to your deposit account are ineffective and will be processed by us without regard to the endorsement or notation. We may pay checks with such legends, endorsements, or notations even if the restriction or other conditions have not been met. We are not liable to you or any other party for any Losses that result from the placement of these restrictions or other notations on your checks, or from our disregarding them. You agree that we may disregard all information on the check other than the identity of the drawee bank, the amount of the check and any other information encoded onto the check in magnetic ink in accordance with banking practices. We reserve the right to enforce any legends or restrictive endorsements that we or our service providers place on official checks that you purchase from or through us.
