Common use of Check Retention & Destruction Clause in Contracts

Check Retention & Destruction. You understand and agree that all deposit items belong to you and not to the Credit Union and that those items shall be handled in accordance with this Agreement. After receipt by the Credit Union of any transmission by you of imaged items for deposit to 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 Mobile Deposit 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 from the date processed. You shall properly destroy and dispose of such original checks after such time. During the period that you maintain the 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 Mobile Deposit) and (ii) unauthorized use of information derived from the original checks. If you are using the Service to deposit items into an account in the name of a Business to which you are a party, you understand this means the original check(s) must be accessible only by your authorized personnel. Persons who have access to the stored checks must be fully bondable and have passed a thorough screening. 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 (e.g., through the use of competent shredding equipment.) You understand and agree that you are responsible for any loss caused by your failure to secure the original checks.

Check Retention & Destruction. You understand and agree that all deposit items 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 by the Credit Union of any a deposit transmission by you of imaged items for deposit to your account, the Credit Union we will acknowledge by electronic means its our receipt of such electronic transmission. Your electronic transmission is subject to proof and verification. You shall will retain the original of all imaged items checks that have been deposited via Mobile Deposit for a reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond ninety thirty-five (9035) days from the date processed. You shall It is your responsibility to properly destroy and dispose of such original checks after such time. During the period that you maintain the 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 Mobile Depositthe Service) and (ii) unauthorized use of information derived from the original checks. If you are using the Service to deposit items into an account in the name of a Business to which you are a party, you understand this means the original check(s) must be accessible only by your authorized personnel. Persons who have access to the stored checks must be fully bondable and have passed a thorough screening. When you destroy and dispose of the any original checks pursuant to the requirements of this Agreementchecks, 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 destroyed and not accessed by unauthorized persons during the destruction and disposal process andpersons. Deposit Prohibitions. You agree not to deposit, once destroyedor attempt to deposit, or allow others, either directly or indirectly, to deposit, or attempt to deposit, by any means: (i) any Substitute Check, the original checks are no longer readable of which has already been presented for deposit via the Service, (ii) any image of a check that has already been deposited either as an original or capable as a substitute check, or (iii) any original check, the Substitute Check of being reconstructed (e.g.which has already been presented for deposit via Mobile Deposit. In the event that you, through the use or any third party, makes, or attempts to make, a deposit in violation of competent shredding equipment.) this Subsection you agree to defend, indemnify, and hold Credit Union and its agents harmless from and against all liability, damage and loss arising out of any claims, suits, or demands brought by third parties with respect to any such Substitute Check or original check. You understand and agree that the aggregate amount of any items which are deposited more than once will be debited from your account, and to the extent funds in your account are insufficient to cover such amount, any balance shall be debited by Credit Union from any other deposit accounts with Credit Union in its sole discretion. You further acknowledge that you are and not the Credit Union is responsible for the processing and handling of any loss caused by your failure original items which are imaged and deposited utilizing the Service and you assume all liability to secure the original checksdrawer of any item imaged using the service or liability arising from the Credit Union's printing of any substitute check from those images.

Check Retention & Destruction. You understand and agree that all deposit items Items belong to you and not to the Credit Union and that those items Items shall be handled in accordance with this Agreement. After receipt by the Credit Union of Union, any Item transmission by you of imaged items meant for deposit to your account, Account will be acknowledged by the Credit Union will acknowledge by using electronic means its receipt of such electronic transmissionmeans. Your electronic transmission is subject to proof and verification. You shall retain the original of all imaged items Items that have been deposited via using Mobile Deposit for a reasonable period of time in order to verify settlement and credit credit, or to balance periodic statements, but in no case beyond ninety thirty (9030) days from the date processed. You processed (the "Retention Period"); after which, you shall properly destroy and dispose of such original checks after such timeChecks. During the period that you maintain the original checksChecks, you understand and agree that you must use a high degree of care to protect these original checks Checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks Checks (including by your employees) for purposes of presentment for deposit of these original checks Checks (i.e., after the original checks Checks have already been presented for deposit via the Mobile DepositDeposit capture service) and (ii) unauthorized use of information derived from the original checks. If you are using the Service to deposit items into an account in the name of a Business to which you are a party, you understand this means the original check(s) must be accessible only by your authorized personnel. Persons who have access to the stored checks must be fully bondable and have passed a thorough screeningChecks. When you destroy destroy, and dispose of of, the original checks 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 Checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks Checks are no longer readable or capable of being reconstructed (e.g., i.e. through the use of competent shredding copying equipment.) You understand ). It is further suggested that appropriate security procedures include limiting access to the Checks to authorized persons and agree that you are responsible for any loss caused by your failure to secure preventing copying of additional scanning of Items presented using Mobile Deposit. If the original checksItem is still in existence, you agree to promptly provide the Item upon request by the Credit Union.

Check Retention & Destruction. You understand and agree that all deposit items belong to you and not to the Credit Union us and that those items shall be handled in accordance with this Agreement. After receipt by the Credit Union of any transmission by you of imaged items for deposit to 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 Mobile Deposit for a reasonable period of time in order to verify settlement reconciliation and credit or to balance periodic statements, but in no case beyond ninety fourteen (9014) business days from the date processed. You , and shall properly destroy and dispose of such original checks after such time. During the period that you maintain the 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 Mobile Deposit) and (ii) unauthorized use of information derived from the original checks. If you are using the Service to deposit items into an account in the name of a Business to which you are a party, you understand this means the original check(s) must be accessible only by your authorized personnel. Persons who have access to the stored checks must be fully bondable and have passed a thorough screening. When you destroy and dispose of the original checks pursuant to the requirements of this Agreement, you You understand and agree that you must use a high degree of care when selecting and implementing destruction and disposal proceduresprocedures for the original checks. 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 (e.g., through the use of competent shredding equipment) and, once destroyed, the original checks are no longer readable or capable of being reconstructed reconstructed. Presentment Prohibitions You shall not present, or attempt to present, or allow others, either directly or indirectly, to present, or attempt to present, for deposit by any means (e.g.i) any substitute check that has already been presented for deposit via Mobile Deposit, through or (ii) any original check, the use substitute check of competent shredding equipment.) which has already been presented for deposit via Mobile Deposit. In the event that you or any third party, presents, or attempts to present, a deposit in violation of this Subsection, you agree to defend, indemnify, and hold us and our agents harmless from and against all liability, damage and loss arising out of any claims, suits, or demands brought by third parties with respect to any such substitute check or original check. You understand and agree that the aggregate amount of any items which are deposited more than once will be debited from your account, and to the extent funds in your account are insufficient to cover such amount, any balance shall be debited by us from any other deposit accounts with us in our sole discretion. You further acknowledge that you and not us are responsible for the processing and handling of any loss caused by your failure original items which are imaged and deposited utilizing Mobile Deposit and you assume all liability to secure the original checksdrawer of any item imaged using Mobile Deposit or liability arising from our printing of any substitute check from those images.