Demand Drafts and Remotely Created Checks. If you deposit a demand draft or remotely created check (an unsigned draft or a preauthorized draft) into your account, you warrant and guarantee that the draft or remotely created check is authorized according to the terms on its face by the person identified as drawer. You agree to indemnify us from all loss, expense and liability related to a claim that such draft or check was not authorized by the persons on whose accounts it was drawn. Deposit Preparation and Acceptance You may deliver deposits to us through various methods; banking centers, ATMs, night depositories, mail and other automated depositories. Night depositories are intended primarily for non-personal deposits. We may use the method and time of delivery to determine when you receive credit for the deposit. If we credit your account for the amount shown on the deposit slip or otherwise specified by you, the credit is subject to subsequent verification by us and our determination of the amount of your deposit is final and binding as long as we follow our customary practices. If you provide an endorsement or encode the amount on an item deposited to your account, such encoding must adhere to any standards set by federal and / or state law or banking industry practice. If we authorize you to use a deposit container, bag, or envelope, you authorize us to open the deposit container, bag, or envelope in your absence and credit the contents to your account. We may treat the contents of the deposit container, bag, or envelope as not accepted by us for deposit until we have verified the contents. If you make your deposit through a mechanical or automated depository such as an ATM or night depository, you agree to exercise due care in opening, closing and properly securing the depository. If your deposit includes items that we do not accept for deposit, we may hold those items until claimed by you. For organizational customers using our night depository safekeeping service, deposits will not be processed until the customer returns to the banking center during business hours, as the Bank keeps no keys to open these containers. Deposit Error Correction When we accept your deposits, we may provisionally credit your account for the amount declared on the deposit slip, subject to later verification by us. You must ensure the amount declared on the deposit slip is correct even if you did not prepare the deposit slip. If later we determine the amounts declared on the deposit slip are incorrect, we may adjus...
Demand Drafts and Remotely Created Checks. If you deposit a demand draft or remotely created check (an unsigned draft or a preauthorized draft) into your account, you warrant and guarantee that the draft or remotely created check is authorized according to the terms on its face by the person identified as drawer.
Demand Drafts and Remotely Created Checks. If you deposit a demand draft or remotely created check (an unsigned draft or preauthorized draft) into your account, you warrant and guarantee that the draft or remotely created check is authorized according to the terms on its face by the person(s) identified as the drawer. You agree to indemnify us from all loss, expense and liability related to a claim that such check or draft was not authorized by the person(s) on whose account it was drawn on. If you truncate an original check and create a substitute check or other replacement document, or other paper or electronic image of the original check, you warrant that no one will be asked to make payment on the original check, a substitute check or any other electronic or paper image, if the payment obligation relating to the original check has already been paid. You also warrant that any substitute check you create conforms to the legal requirements and generally accepted specifications for substitute checks. You agree to retain the original check in conformance with the time requirements as outlined in your Remote Deposit Capture Agreement with us. You agree to indemnify us for any loss we may incur as a result of any truncated check transaction you initiate. We can refuse to accept substitute checks that have not previously been warranted by a bank or other financial institution in conformance with the Check 21 Act. Unless specifically stated in a separate agreement between you and us, we do not have to accept any other electronic or paper image of an original check.
