Check Retention and Destruction. You agree that all checks belong to you and not to the Credit Union and that those items shall be handled in accordance with this Agreement and your Membership and Account Agreement. After our receipt of a deposit transmission we will acknowledge by electronic means our receipt of such transmission. Your electronic transmission is subject to proof and verification. You will retain the original of all imaged checks that have been deposited via Mobile and Online Deposit for a reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond forty- five (45) days from the date processed. It is your responsibility to properly destroy and dispose of such original checks after such time. During the period that you maintain any original checks, you understand and agree that you must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks (including by employees) for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the Service), and (ii) unauthorized use of information derived from the original checks. When you dispose of any original checks, you understand and agree that you must use a high degree of care when selecting and implementing disposal procedures to ensure that the original checks are not accessed by unauthorized persons during the disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed.
Check Retention and Destruction. Upon your receipt of a confirmation from us that we have received the image of an item, you agree to prominently xxxx the item as “Electronically Presented” or “VOID” to ensure that it is not represented for payment. You agree to securely store each original check that you deposit using the Service for a period of sixty (60) days after transmission to us in order to verify settlement and credit or to balance periodic statements. After such period expires, you will destroy the original check. You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. You agree never to represent the check. During the retention period, you will promptly provide any retained check, or a sufficient copy of the front and back of the check, to us as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.
Check Retention and Destruction. After you have confirmation that we have received an image, you agree to prominently mark the item as “Electronically Presented” or “VOID” to ensure that it is not represented for payment. You agree to securely store each original check that you deposit using Mobile Deposit for a period of 60 days after transmission to us in order to verify settlement and credit or to balance periodic statements. After such period expires, you will destroy the original check by cross-cut shredding or another commercially acceptable means of destruction. After destruction of an original check, the image will be the sole evidence of the original check. You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. During the retention period, you agree at your expense to promptly deliver any retained check, or a sufficient copy of the front and back of the check, to the Credit Union upon request to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If not provided within 7 business days of our request, such amount may be reversed from your account. In addition, if you are unable to provide a sufficient copy of the front and back of the check, you will be liable for any unresolved claims by third parties. You agree that you will never re-present the original check. You understand that you are responsible if anyone is asked to make a payment based on an original check that has already been paid.
Check Retention and Destruction. You agree to (a) prominently xxxx the item as “ Electronically Presented” to ensure that it is not represented for payment, (b) securely store each original check that you deposit using the Mobile Deposit Services for a period of (60) sixty days after transmission to us in order to verify settlement and credit or to balance periodic statements, (c) after such period expires, xxxx the original “VOID” or destroy it by cross-cut shredding or another commercially acceptable means of destruction, (d) be responsible for any loss caused by your failure to secure an original check, (e) never re-present a previously deposited check, and (f) during the retention period, promptly provide any retained check, or a sufficient copy of the front and back of the check, to us as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.
Check Retention and Destruction. Upon your receipt of a confirmation from us that we have received the image of an item, you agree to prominently xxxx the item as “Electronically Presented” or “VOID” to ensure that it is not re-presented for payment. You agree to securely store each original check that you deposit using the Service for a reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond ninety (90) days after transmission to us, and shall properly destroy and dispose of such original checks after such time. During the retention period, you understand and agree that you must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, theft or reproduction of the original checks for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the Service) and unauthorized use of information derived from the original checks. You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. You agree never to represent the check. When you destroy and dispose of the original checks pursuant to the requirements of this Agreement, you understand and agree that you must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed.
Check Retention and Destruction. 1. The agency agrees to retain physical checks for 30 days in a locked location.
Check Retention and Destruction. You agree that all checks belong to you and not to CPB and that those items shall be handled in accordance with this Agreement and any deposit account terms and conditions. Your electronic transmission is subject to proof and verification. You will retain the original of all imaged checks that have been deposited via Mobile Deposit for 20 days from the deposit date. It is your responsibility to properly destroy and dispose of all original checks after this time. During the period that you maintain any original checks, you understand and agree that you must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (a) theft or reproduction of the original checks for purposes of presentment for deposit of these original checks (i.e. after the original checks have already been presented for deposit via the Deposit Service) and
Check Retention and Destruction. For the retention period described above in Section 17, original checks shall be maintained in a secure fashion under procedures similar to which Member maintains other confidential or proprietary information. During the retention period, Member shall take appropriate security measures to ensure that only authorized personnel who are fully bondable and have passed a thorough screening shall have access to the original checks. Changes in Financial Circumstances. You understand and agree that you must inform us immediately in the event of a material change in Member’s financial circumstances including any supporting financial information. This includes, but is not limited to, notification of the following: (1) material changes in transaction volumes that could threaten the financial condition of the Member; (2) any change in a representation or statement made or furnished to us by you or on your behalf in the Application; (3) a material change occurs in Member’s ownership or organizational structure (acknowledging that any change in ownership will be deemed material when ownership is closely held); (4) Member liquidates or dissolves, or enters into any consolidation merger, partnership, or joint venture; (5) Member sells any assets except in the ordinary course of your business as now conducted, or sells, leases, assigns or transfers any substantial part of your business or fixed assets or any property or other assets necessary for the continuance of your business as now conducted including, without limitation, the selling of any property or other assets accompanied by the leasing back of the same; (6) Member ceases doing business, becomes insolvent, a receiver is appointed for all or any part of Member’s property, Member makes an assignment for the benefit of creditors, or any proceeding is commenced either by Member or against Member under any bankruptcy or insolvency laws or any other law or laws relating to debtors; (7) any guaranty of your indebtedness to us, whether related or unrelated to the account or the Service, ceases to be in full force and effect or is declared to be null and void; or the validity or enforceability thereof is contested in a judicial proceeding; or any guarantor denies that it has any further liability under such guaranty; or any guarantor defaults in any provision of any guaranty, or any financial information provided by any guarantor is false or misleading); (8) you or any guarantor dies; if you are a sole proprietorship, the ...
Check Retention and Destruction. You agree that all items belong to you and not to the Credit Union and that those items shall be handled in accordance with the terms hereof. After the Credit Union receives your transmission of imaged items for deposit into your account, the Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Your electronic transmission is subject to proof and verification. You shall retain the original of all imaged items that have been deposited via eDeposits for reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case less than sixty (60) days or more than ninety (90) days from the date processed and shall properly destroy and dispose of such original checks after such time. During the period you maintain the original items, you understand and agree that you must use the highest degree of care to protect these original items against security risks. These risks include, without limitation, (i) theft or reproduction of the original items for purposes of presentment for deposit of these original items (i.e., after the original items have already been presented for deposit via the eDeposits Capture service) and (ii) unauthorized use of information derived from the original items. When you destroy and dispose of the original items pursuant to the requirements of the terms hereof, you understand and agree that you must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original items are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original items are no longer readable or capable of being reconstructed (e.g., through the use of competent copying equipment.)
Check Retention and Destruction. Company agrees to securely store each original check that is used in conjunction with Check 21 Services for a reasonable period of time after the transmission to Processor in order to verify settlement and credit. Until such time that the check is destroyed, Company agrees to securely store using commercially reasonable methods. After such reasonable time period expires, Company agrees to destroy the original check. Company understands and agrees that it is responsible for any loss caused by the failure to secure an original check.
