CHECK RETENTION. SPS-EFT requires that MERCHANT retain and store the original check in a secure location for the period of at least ninety (90) days. In the event a Remote Capture Deposit (Check 21 Plus) transaction cannot be processed due to a poor quality check image, MERCHANT shall be notified by SPS-EFT in writing (and/or by phone, fax, or email) to manually deposit the check. Once notification has been received, MERCHANT is to deposit the check at their bank within 48 hours. Failure to deposit the check in Merchants’ bank account within 48 hours may result in a loss of guarantee. If the manually deposited check is subsequently returned by the check writers bank, MERCHANT shall mail the check to SPS-EFT (P.O. Box 6867, Destin, FL 32550) to submit for a claim for reimbursement (if merchant selected the Remote Check Deposit (Check 21) with Guarantee program on the front of this application). In any event, the instrument must be received by SPS-EFT within 45 days of SPS-EFT’s initial authorization of the instrument (if guarantee service is selected). If original check was not retained or was lost by merchant then MERCHANT acknowledges that SPS-EFT will not be able to process the Remote Check Deposit (Check 21 Plus) transaction, provide any sort of guarantee, or provide check collection services. Refer to section 4.4 regarding Image Requirements.
CHECK RETENTION you will retain the original of each check scanned for a minimum of 180 days.
CHECK RETENTION. GETI requires that MERCHANT retain and store the original check in a secure location for the period of at least ninety (90) days. In the event a Remote Capture Deposit (Check 21 Plus) transaction cannot be processed due to a poor quality check image, MERCHANT shall be notified by GETI in writing (and/or by phone, fax, or email) to manually deposit the check. Once notification has been received, MERCHANT is to deposit the check at their bank within 48 hours. Failure to deposit the check in Merchants’ bank account within 48 hours may result in a loss of guarantee. If the manually deposited check is subsequently returned by the check writers bank, MERCHANT shall mail the check to GETI (X.X. Xxx 0000, Xxxxxx, XX 32550) to submit for a claim for reimbursement (if merchant selected the Remote Check Deposit (Check 21) with Guarantee program on the front of this application). In any event, the instrument must be received by GETI within 45 days of GETI’s initial authorization of the instrument (if guarantee service is selected). If original check was not retained or was lost by merchant then MERCHANT acknowledges that GETI will not be able to process the Remote Check Deposit (Check 21 Plus) transaction, provide any sort of guarantee, or provide check collection services. Refer to section 4.4 regarding Image Requirements.
CHECK RETENTION. After submitting check for deposit and completing transaction; xxxx item with the words “Presented Electronically” so that you and anyone else will know the item has already been deposited via Remote Deposit. Retain check in a secure area for at least 90 days after the date of deposit. Make sure your check has been deposited to your account before destroying the check.
CHECK RETENTION. Paya-EFT requires that MERCHANT retain and store the original check in a secure location for the period of at least ninety (90) days. In the event a Remote Capture Deposit (Check 21 Plus) transaction cannot be processed due to a poor quality check image, MERCHANT shall be notified by Paya-EFT in writing (and/or by phone, fax, or email) to manually deposit the check. Once notification has been received, MERCHANT is to deposit the check at their bank within 48 hours. Failure to deposit the check in Merchants’ bank account within 48 hours may result in a loss of guarantee. If the manually deposited check is subsequently returned by the check writers bank, MERCHANT shall mail the check to Paya-EFT (00 Xxxxx Xxxx, Xxxxx 000, Xxxx Xxxxxx Xxxxx, FL 32548) to submit for a claim for reimbursement (if merchant selected the Remote Check Deposit (Check 21) with Guarantee program on the front of this application). In any event, the instrument must be received by Paya-EFT within 45 days of Paya-EFT’s initial authorization of the instrument (if guarantee service is selected). If original check was not retained or was lost by merchant then MERCHANT acknowledges that Paya-EFT will not be able to process the Remote Check Deposit (Check 21 Plus) transaction, provide any sort of guarantee, or provide check collection services. Refer to section 10 of this Schedule regarding Image Requirements.
CHECK RETENTION. After confirmation of a received image and the check has been credited to your account, you must mark the check “VOID” and securely store the original check for 10 days. The original check must be made available to us at our request. You may not present the original check or any image or substitute check for payment at any other financial institution. Promptly after expiration of the holding period, you must destroy the original check by cross-cut shredding or other acceptable means. After destruction, the image will be the only evidence of the original check. You agree you will never re-present the original check. You are solely responsible if anyone is asked to make a payment based on re-presentment of an original check. Credits to your account for checks deposited using Mobile Remote Deposit is provisional. If original checks are dishonored, rejected or otherwise returned unpaid by the drawee bank, or are rejected or returned by a clearing agent or collecting bank, for any reason, you agree that an original check will not be returned to you, but that we may charge back the amount of the original check and provide you with an image of the original check, or a substitute check. You agree to reimburse us for all loss, costs, damages or expenses cause by the processing of the returned item. Without prior bank approval, you will not attempt to deposit an original check if it has been charged back to you. Cedar Security Bank may debit any of your accounts to obtain payment for rejected or returned items and for any adjustment or warranty claims, whether or not made timely. Mobile Deposit may be temporarily unavailable due to system maintenance or technical difficulties including from the internet services provider, cellular service provider and software. Cedar Security Bank is not responsible nor liable and holds no responsibility for any loss or damage incurred by you due to service unavailability. If Mobile Deposit is unavailable, you may deposit original checks at one of our office locations or by mailing the original check to one of our branches at the address in the contact information section.
CHECK RETENTION. After you receive confirmation that we have received an image, you must retain your check in a secure area for at least 15 days and make the original check accessible to us at our request. Make sure your check has been deposited to your account before destroying the original check. Upon our request, you will deliver to us within 10 calendar days, at your expense, requested original checks in your possession, bearing the same endorsements as reflected by the image that you transmitted to us. If not provided in a timely manner, such amount will be reversed from your account. You agree that you will never re-present the original check. You understand that you are responsible to us for all losses and damages, including our reasonable attorney fees incurred in responding to any such payment demand, that we may incur if anyone is asked to make a payment based on an original check that has alread y been paid.
CHECK RETENTION. Contracting Agency shall be responsible for the safekeeping and destruction of the original checks that are uploaded in accordance with applicable banking industry standards for original check chain of custody, retention, and destruction.
CHECK RETENTION. If the Company chooses to have the Bank retain copies of its paid checks, Company agrees not to make any claim against the Bank arising out of the authorized destruction of the original check, or the clarity of legibility of any copy that the Bank provides.
CHECK RETENTION. Upon completion of your deposit, you will need to retain the physical check for 14 calendar days. You agree that you will provide the physical check to UECU if requested during the retention period. If you fail to retain the physical check for any reason during the retention period, you will be responsible for any losses that result from the lack of the physical check, which may include the full amount of the deposit and any fees that may result. Following the end of the 14 calendar day check retention period, you will be responsible for destroying the original check. You agree to destroy and dispose of the original checks with a high degree of care to ensure that the original checks are not accessed by unauthorized persons during the storage, destruction, and disposal process.
