Common use of Check Legends, Restrictions, or Notations Clause in Contracts

Check Legends, Restrictions, or Notations. FSB has no duty to honor and may disregard any information on a check other than the signature of the drawer, the identification of the payor bank and payee, the amount of the check, and any MICR-encoded (Magnetic Ink Character Recognition) information, and specifically has no duty to visually inspect signatures. If FSB does pay or accept checks or other items bearing restrictions or notations (such as “Void after 6 months,” “Void over $50.00,” “Payment in full,” and the like), you agree that such restrictions or notations apply only between you and the payee or maker of the check. The notation will have no effect on FSB, and you agree to accept responsibility for payment of the item and FSB is not liable to you for any claims, costs, losses, or damages that result from the placement of these restrictions or other notations on checks or other items, or from FSB’s disregarding them. Collection Items When you do not have enough funds in your account for FSB to process a collection item drawn on your account, FSB may charge you Non-Sufficient Funds (NSF) Fee(s).

Appears in 2 contracts

Samples: Depository Agreement and Disclosures, content.usaa.com

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Check Legends, Restrictions, or Notations. FSB has no duty to honor and may disregard any information on a check other than the signature of the drawer, the identification identification of the payor bank and payee, the amount of the check, and any MICR-encoded (Magnetic Ink Character Recognition) information, and specifically specifically has no duty to visually inspect signatures. If FSB does pay or accept checks or other items bearing restrictions or notations (such as “Void after 6 months,” “Void over $50.00,” “Payment in full,” and the like), you agree that such restrictions or notations apply only between you and the payee or maker of the check. The notation will have no effect on FSB, and you agree to accept responsibility for payment of the item and FSB is not liable to you for any claims, costs, losses, or damages that result from the placement of these restrictions or other notations on checks or other items, or from FSB’s disregarding them. Collection Items When you do not have enough funds in your account for FSB to process a collection item drawn on your account, FSB may charge you Non-Sufficient Funds (NSF) Fee(s).

Appears in 1 contract

Samples: Depository Agreement and Disclosures

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Check Legends, Restrictions, or Notations. FSB has no duty to honor and may disregard any information on a check other than the signature of the drawer, the identification identification of the payor bank and payee, the amount of the check, and any MICR-encoded (Magnetic Ink Character Recognition) information, and specifically specifically has no duty to visually inspect signatures. If FSB does pay or accept checks or other items bearing restrictions or notations (such as “Void after 6 months,” “Void over $50.00,” “Payment in full,” and the like), you agree that such restrictions or notations apply only between you and the payee or maker of the check. The notation will have no effect on FSB, and you agree to accept responsibility for payment of the item and FSB is not liable to you for any claims, costs, losses, or damages that result from the placement of these restrictions or other notations on checks or other items, or from FSB’s disregarding them. Collection Items When you do not have enough funds in your account for FSB to process a collection item drawn on your account, FSB may charge you Non-Sufficient Sufficient Funds (NSF) Fee(s).

Appears in 1 contract

Samples: Depository Agreement and Disclosures

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