Common use of Deposit Account Reconciliation Clause in Contracts

Deposit Account Reconciliation. Under the Deposit Account Reconciliation Service, if Client has multiple business locations depositing checks into a single deposit account, the Bank will segregate the deposits by location. Remote Deposit Capture Service Description INTRODUCTION Bank hereby offers its Client and Client hereby accepts the remote deposit capture service (“Remote Deposit Capture Service”) described in this Service Description. The Remote Deposit Capture Service allows Client to transmit paper checks that are made payable only to you in U.S. dollars (“Checks”) converted to Imaged Items to Bank for processing and deposit into the designated linked account of Client maintained at Bank. Client desires to use the Remote Deposit Capture Service to facilitate the services as identified in and subject to this Service Description. Bank reserves the right, with prior written notice to Client, to place, from time to time, limits on Client's right to use the Remote Deposit Capture Service. Bank will provide to Client the Remote Deposit Capture Services described in this Service Description to enable Client to transmit Imaged Items to Bank or Bank’s designated processor to be cleared as Substitute Checks or Image Exchange Items. To the extent Client accesses the Remote Deposit Capture Services using Bank’s online services, Client’s use of the Remote Deposit Capture Services must also be facilitated pursuant to the separate Online Banking Service Description.