Common use of Check Processing Clause in Contracts

Check Processing. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. This means that we do not individually examine all of your items to determine if the item is properly completed, signed and indorsed or to determine if it contains any information other than what is encoded in magnetic ink. You agree that we have not failed to exercise ordinary care solely because we use our automated system to process items and do not inspect all items processed in such a manner. Using an automated process helps us keep costs down for you and all account holders.

Appears in 15 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions of Your Account

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Check Processing. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. This means that we do not individually examine all of your items to determine if the item is properly completed, signed signed, and indorsed endorsed or to determine if it contains any information other than what is encoded in magnetic ink. You agree that we have not failed to exercise ordinary care solely because we use our automated system to process items and do not inspect all items processed in such a manner. Using an automated process helps us keep costs down for you and all account holders.

Appears in 7 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

Check Processing. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. This means that we do not individually examine all of your items to determine if the item is properly completed, signed and indorsed or to determine if it contains any information other than what is encoded in magnetic ink. You agree that we have not failed to exercise exercised ordinary care solely because we use if our automated system to process items and processing is consistent with general banking practice, even though we do not inspect all items processed in such each item. Because we do not inspect each item, if you write a manner. Using an automated process helps us keep costs down for you and all account holders.check to multiple payees,

Appears in 2 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement

Check Processing. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. .This means that we do not individually examine all of your items to determine if the item is properly completed, signed and indorsed or to determine if it contains any information other than what is encoded in magnetic ink. You xxx.Xxx agree that we have not failed to exercise ordinary care solely because we use our automated system to process items and do not inspect all items processed in such a manner. Using an automated process helps us keep costs down for you and all account holders.

Appears in 1 contract

Samples: Business Deposit Account Agreement

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Check Processing. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. This means that we do not individually examine all of your items to determine if the item is properly completed, signed and indorsed endorsed or to determine if it contains any information other than what is encoded in magnetic ink. You agree that we have not failed to exercise ordinary care solely because we use our automated system to process items and do not no inspect all items processed in such a manner. Using an automated process helps us keep costs down for you and all account holders.

Appears in 1 contract

Samples: Terms and Conditions

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