Common use of Check Retention and Destruction Clause in Contracts

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.

Appears in 5 contracts

Samples: Banking User Agreement, User Agreement, Banking User Agreement

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Check Retention and Destruction. You agree to (a) prominently xxxx mark 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 mark 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.

Appears in 2 contracts

Samples: User Agreement, Banking User Agreement

Check Retention and Destruction. You Upon your receipt of a confirmation from us that we have received the image of an item, you agree to (a) prominently xxxx the item items as “ Electronically Presented“Deposited via Mobile and the date” to ensure that it is not represented for payment, (b) . You agree to securely store each original check that you deposit using the Mobile Deposit Services for a period of at least sixty (60) sixty days after transmission to us to in order to verify settlement and credit or to balance periodic statements, (c) after your account. After such period expires, xxxx you will safely destroy the original “VOID” or destroy it by cross-cut shredding or another commercially acceptable means of destruction, (d) be check. You understand and agree that you are responsible for any loss caused by your failure to secure an the original check, (e) . You agree to never re-present a previously deposited check, and (f) during resubmit the check for deposit. 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 partiesclaims.

Appears in 2 contracts

Samples: Mobile Deposit Terms and Conditions, Mobile Deposit Terms and Conditions

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Check Retention and Destruction. You must securely store each original check. Upon your receipt of a confirmation from us that we have received the image of an item, you agree to (a) prominently xxxx mark the item as “ Electronically Presented“VOID” to ensure that it is not represented re-presented for payment, (b) . You agree to securely store each original check that you deposit using the Mobile Deposit Services for a period of sixty (60) sixty days after transmission to us in order to verify settlement and credit or to balance periodic statements, (c) after . After such period expires, xxxx you will destroy the original “VOID” or destroy it by cross-cut shredding or another commercially acceptable means of destruction, (d) be check. You understand and agree that you are responsible for any loss caused by your failure to secure an the original check, (e) checks. You agree never to re-present a previously deposited the check, and (f) during . 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.

Appears in 1 contract

Samples: Disclosure and Agreement

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