Check Retention Period. You agree that You will preserve the originals of all Checks, processed through the Services pursuant to this Agreement for twenty (20) calendar days after the day of deposit (“Retention Period”). The risk of loss due to the unavailability of the original copy of a Check for any reason, during the Retention period, shall be exclusively on the Member.
Appears in 3 contracts
Samples: Deposit Capture Services Agreement, Remote Deposit Capture Services Agreement, Remote Deposit Capture Services Agreement
Check Retention Period. You agree that You you will preserve the originals of all Checkschecks, processed through the Services services pursuant to this Agreement agreement for twenty thirty (2030) calendar days after the day of deposit (“Retention Period”). After you receive the “Deposit Successful” message, write “Digital Deposit” on the check front. The risk of loss due to the unavailability of the original or copy of a Check check for any reason, during the Retention retention period, shall be exclusively on the Membermember.
Appears in 1 contract
Samples: Agreement