Common use of Check Retention and Destruction Clause in Contracts

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