Common use of Check Retention and Destruction Clause in Contracts

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. You agree Member agrees that all items belong to you Member and not to the Credit Union and that those items shall be handled in accordance with the terms hereofthis Agreement. After the receipt by Credit Union receives your of any transmission by Member of imaged items for deposit into your to Member's account, the Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Your Member's electronic transmission is subject to proof and verification. You Member 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 beyond 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 that the Member maintains the original itemschecks, you understand the Member understands and agree agrees that you it must use the highest a high degree of care to protect these original items checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original items checks for purposes of presentment for deposit of these original items checks (i.e., after the original items checks have already been presented for deposit via the eDeposits Capture service) and (ii) unauthorized use of information derived from the original itemschecks. When you destroy Member destroys, and dispose of disposes of, the original items checks pursuant to the requirements of this Agreement, the terms hereof, you understand Member understands and agree agrees that you it 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 checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original items checks are no longer readable or capable of being reconstructed (e.g., through the use of competent copying equipment.)

Check Retention and Destruction. You agree Member agrees that all items belong to you Member and not to the Credit Union and that those items shall be handled in accordance with the terms hereofthis Agreement. After the receipt by Credit Union receives your of any transmission by Member of imaged items for deposit into your to Member's account, the Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Your Member's electronic transmission is subject to proof and verification. You Member 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 beyond ninety (90) days from the date processed processed, and shall properly destroy and dispose of such original checks after such time. During the period you maintain that the Member maintains the original itemschecks, you understand the Member understands and agree agrees that you it must use the highest a high degree of care to protect these original items checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original items checks for purposes of presentment for deposit of these original items checks (i.e., after the original items checks have already been presented for deposit via the eDeposits Capture service) and (ii) unauthorized use of information derived from the original itemschecks. When you destroy Member destroys, and dispose of disposes of, the original items checks pursuant to the requirements of this Agreement, the terms hereof, you understand Member understands and agree agrees that you it 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 checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original items checks are no longer readable or capable of being reconstructed (e.g., through the use of competent copying equipment.)

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 personsduring 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.)