Checks Deposited. You shall only deposit checks that are authorized by this Agreement, the Instructions, and the Deposit Agreement;
Checks Deposited. Customer shall only deposit Checks that are authorized by this Agreement, the RDC Procedures, and the Deposit Agreement;
Checks Deposited. Customer agrees to scan and remotely deposit only those paper items or checks (each a “Check,” collectively, the “Checks,” as that term is defined in Federal Reserve Board Regulation CC), that Customer is entitled to deposit in accordance with the Deposit Account Agreement and all laws and regulations pertaining to the definition and negotiability of checks. Customer agrees to never scan and remotely deposit any item Customer could not have legally deposited by other means, such as through Bank’s teller window. Customer further agrees as follows with regard to processing of Checks using the Bank’s Remote Deposit Capture service:
a. Customer shall scan original paper checks only.
b. Checks must have legal amount and courtesy amount and be payable in United States currency and drawn on a financial institution located in the United States.
c. The Remote Deposit Service may only be used to deposit Checks that are payable to Customer only; Checks with third party endorsements are not eligible for deposit through the Service.
d. The Service is for business use only, it may NOT be used for consumer purposes.
e. Checks must be properly endorsed prior to scan, unless using virtual endorsement. Bank recommends the franking option be turned on with scanner, this will save time and mean the Customer will not have to stamp checks "processed" after they are scanned.
f. Customer may not image, transmit or otherwise try to use the Service to deposits Checks that (i) are substitute checks or remotely created checks as defined by Regulation CC; (2) have already been deposited by or returned to Customer, or (3) contain alterations that Customer suspects or should suspect are fraudulent, not authorized, suspicious or unlikely to be honored.
Checks Deposited. Member shall only deposit Checks that are authorized by this Agreement, the Procedures and the Deposit Agreement and the Checks do not contain any alterations and Member will only transmit acceptable items for deposit and will handle the original items in accordance with applicable laws, rules and regulations.
Checks Deposited. Customer represents and warrants to Bank with respect to each Check:
a. Customer will only scan and deposit check(s) as that term is defined in Federal Reserve Board Regulation CC (“Reg CC”), payable to Customer. Customer agrees that the image of the check that is transmitted to Bank (each such check and other item a “Check” and, if more than one, “Checks”) shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code (1990 Official Text);
b. Any image Customer transmits will meet the standards for image quality established by the American national standards Institute ( ANSI) or other applicable standards established by Bank, the Board of Governors of the Federal Reserve System, and any other applicable regulatory agency, clearing house or association;
c. Any information Customer transmits to Bank accurately represents all of the information on the front and back of any check as of the time such check was truncated, including without limitation: payment instructions placed on the check by, or as authorized by, the drawer, such as the amount of the Check, the payee, the drawer’s signature; the information identifying the drawer and the paying bank that is preprinted on the Check, including the MICR line; and any other information placed on the Check prior to the time an image of the Check is captured, such as any required identification written on the front of the Check and any endorsements applied to the back of the Check; and
d. Customer shall not attempt nor permit duplicate presentment of a Check in any form, including as an Imaged Item, a paper negotiable instrument or otherwise and Customer will not deposit or otherwise negotiate the original Item(s) from which the Image(s) was created
e. That no subsequent transferee, including but not limited to Bank, a collecting or returning bank, drawer, drawee, payee or endorser, (i) will be asked to pay the original Item from which the Image(s) was created or a duplication (whether paper or electronic, including ACH entries) of the Item(s), or (ii) shall sustain a loss as the result of the fact that the Image was presented for payment or returned instead of the original Check/Item.
f. Customer will only transmit checks payable to Customer. If Customer is engaged or intends to engage in any business that would result in Customer being a “money service business” as defined in the Federal Bank Secrecy Act and its implementing regulations, Customer agrees to immediately notify Bank of sam...
Checks Deposited. Each image of a check transmitted to PFCU is a true and accurate rendition of the front and back of the original check, without any alteration, and the drawer of the check has no defense against payment of the check;
Checks Deposited. You hereby agree that you will only deposit a check(s) as that term is defined in Federal Reserve Board Regulation CC (“Reg CC”). You shall endorse each Check to be deposited in accordance with ‘The Law and Your Endorsements Disclosure’ and shall also stamp the original Check “Processed” before or during the process of scanning the Check. You further agree that you will not remotely deposit any checks or other items that: (a) are payable to any person or entity other than you, (b) are drawn, or otherwise issued, by you or any of your affiliates on any of your accounts or of such affiliate, (c) are prohibited by Bank’s then current procedures pertaining to CNBusiness Deposit the Remote Deposit Capture Service (the “Procedures”) or are in violation of any law, rule or regulation, checks derived from illegal internet gambling transactions are strictly prohibited, and may not be included in any of the batches scanned, (d) you know or suspect, or should know or suspect, is fraudulent or otherwise not authorized by the owner of the account on which the Check is drawn, (e) have not been previously endorsed by a bank and are either “Substitute Checks” or “image replacement documents” that purport to be Substitute Checks, without our prior written consent, (f) are drawn on financial institutions that are located outside of the United States or Territories of the United States, (g) is a Remotely Created Check as that term is defined in Reg CC, or (h) which are not acceptable to Bank for deposit into a deposit account as provided in the Deposit Agreement (Checks described in clauses (a) through (h) each a “Prohibited Check” and, collectively, “Prohibited Checks”). You agree that the terms Electronic Item and Item shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code (1990 Official Text). If you deposit a Prohibited Check, you agree to indemnify and reimburse us for, and hold us harmless from and against, any and all losses, costs and expenses (including reasonable attorney’s fees) we may incur associated with any warranty, indemnity or other claim related thereto. Furthermore, if, after first having obtained our written consent to do so, you provide us with an electronic representation of a Substitute Check for deposit into an Account instead of an original Check, you agree to indemnify and reimburse us for, and hold us harmless from and against, any and all losses, costs and expenses (including reasonable attorney’s fees) we incur ...
Checks Deposited. Each Image transmitted by you to us is in accord with and complies with this Agreement, any applicable Related Agreements, and the Rules.
Checks Deposited. Each Image transmitted by you to Bank is in accord with and complies with the terms, conditions and procedures of this Agreement, the Procedures and the Deposit Account Agreement.
Checks Deposited. Customer represents and warrants to Bank with respect to each Check:
a. Customer will only scan and deposit check(s) as that term is defined in Federal Reserve Board Regulation CC (“Reg CC”), payable to Customer. Customer agrees that the image of the check that is transmitted to Bank (each such check and other item a “Check” and, if more than one, “Checks”) shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code (1990 Official Text);
b. Any image Customer transmits will meet the standards for image quality established by the American national standards Institute ( ANSI) or other applicable standards established by Bank, the Board of Governors of the Federal Reserve System, and any other applicable regulatory agency, clearing house or association;
c. Any information Customer transmits to Bank accurately represents all of the information on the front and back of any check as of the time such check was truncated, including without limitation: payment instructions placed on the check by, or as authorized by, the drawer, such as the amount of the Check, the payee, the drawer’s signature; the information identifying the drawer and the paying bank that is preprinted on the Check, including the MICR line; and any other information placed on the Check prior to the time an image of the Check is captured, such as any required identification written on the front of the Check and any endorsements applied to the back of the Check; and
