Common use of Checks Covered by Service Clause in Contracts

Checks Covered by Service. This Service applies to presented checks that are presented for payment to us through normal interbank clearings. It is not designed to compare Customer’s Positive Pay File against items that are presented in any other manner (e.g., at a teller window, through an automated teller machine, or by mail). At the Bank’s sole discretion, it may attempt to compare Customer’s Positive Pay File with such items; however, the Bank will not be liable for any failure or refusal to do so. The Bank assumes no duty to compare under paragraph 29.a.i., or otherwise to identify and/or return, checks not able to be processed on an automated basis, duplicate checks, checks with duplicate serial numbers, misencoded items, or checks lacking an encoded serial number. We may pay stale- dated and post-dated checks unless Customer submits timely a stop payment order or notice of post dating for such items.

Checks Covered by Service. This Service applies to presented checks that are presented for payment to us through normal interbank clearings. It is not designed to compare Customer’s Check Positive Pay File against items that are presented in any other manner (e.g., at a teller window, through an automated teller machine, or by mail). At the Bank’s sole discretion, it may attempt to compare Customer’s Check Positive Pay File with such items; however, the Bank will not be liable for any failure or refusal to do so. The Bank assumes no duty to compare under paragraph 29.a.i., or otherwise to identify and/or return, checks not able to be processed on an automated basis, duplicate checks, checks with duplicate serial numbers, misencoded items, or checks lacking an encoded serial number. We may pay stale- dated and post-dated checks unless Customer submits timely a stop payment order or notice of post dating for such items.