Common use of Deposits or Cashed Items Clause in Contracts

Deposits or Cashed Items. We may accept deposits to your account from any source and need not question the authority of the person to make the deposit. All deposits are subject to later verification, adjustment and collection by us. Deposit receipts do not necessarily indicate the correct balance in the account or the amount being deposited and the amount on the receipt is based solely on your deposit ticket. If a check, draft, or other item that we cash for you or which you deposit to your Account is returned to us as unpaid for any reason, we may charge back against your account for the amount of the item returned and a chargeback fee. This may include, among other circumstance, checks that are returned because the maker of the check had insufficient funds in its account and checks that were paid originally and later are returned to us accompanied by an affidavit which states that the endorsement is forged or unauthorized or that the item has been altered in any way. We may charge your account for the amount without questioning the truth of such an affidavit. We may, at our option, notify you by telephone if an item has been returned unpaid. If you authorize us to redeposit the item on your behalf, you waive any right to receive a written notice of the returned item and you authorize us to charge back the item to your account if it is returned unpaid again for any reason. Any check deposited to your account that lacks an endorsement may be, or may be deemed to be, endorsed by us on your behalf. With respect to any such check, our rights and your liabilities shall be determined as though you actually endorsed and deposited the item. Further, any check deposited to your account that bears your stamped or facsimile endorsement shall be deemed to bear your actual endorsement whether such endorsement was affixed by you or by someone having no authority to supply your endorsement. If we receive an affidavit stating that one or more endorsements on a check or other item deposited into your account are forged, we may freeze the amount or charge back the amount of the item to your account, without prior notice to you, even though you have already used the funds. We may return or refuse to accept all or any part of a deposit or credit to your account at any time and will not be liable to you for doing so even if such action causes outstanding items to be dishonored and returned. Returned or refused deposits or the legal equivalent of the deposited item will be returned to you. In addition, you will be solely responsible for any loss or liability we sustain in relations with the deposit of substitute checks. If we give provisional credit for an item, we reserve the right to charge back the amount of the item if we do not receive final payment.

Deposits or Cashed Items. We may accept deposits to your account from any source and need not question without questioning the authority of the person to make the deposit. All deposits are subject to later verification, adjustment and collection by us. Deposit receipts do not necessarily indicate the correct balance in the account or the amount being deposited and the amount on the receipt is based solely on your deposit ticket. If a check, draft, or other item that we cash for you or which you deposit to your Account is returned to us as unpaid for any reason, we may charge back against your account for the amount of the item returned and a chargeback fee. This may include, among other circumstancethings, checks that are returned because the maker of the check had insufficient funds in its account account, and checks that were paid originally and later are returned to us accompanied by an affidavit which states that because the endorsement is was forged or unauthorized unauthorized, or that the item has been check was altered in any way. We may subsequently charge your account for the amount without questioning the truth of such if our review confirms an affidavitendorsement is forged or unauthorized. We may, at our option, notify contact you by telephone if an item has been returned unpaid. If you authorize us to redeposit the item on your behalf, you waive any right to receive a written notice of the returned item and you authorize us to charge back the item to your account if it is returned unpaid again for any reason. Any check deposited to your account that lacks an endorsement may be, or may be deemed to be, endorsed by us on your behalf. With respect to any such checkyou, and our rights and your liabilities shall be determined as though you actually endorsed and deposited the item. Further, any check deposited to your account that bears your stamped or facsimile endorsement shall be deemed to bear your actual endorsement whether such endorsement was affixed by you or by someone having no authority to supply your endorsement. If we receive an affidavit a communication stating that one or more endorsements on a check or other item deposited into your account are forged, we may freeze the amount or charge back the amount of the item to your account, without prior notice to you, even though you have already used the funds. We may return or refuse to accept all or any part of a deposit or credit to your account at any time and will not be liable to you for doing so even if such action causes outstanding items to be dishonored and returned. Returned or refused deposits or the legal equivalent of the deposited item will be returned to you. In addition, you will be solely responsible for any loss or liability we sustain in relations with the deposit of substitute checks. If we give provisional credit for an item, we reserve the right to charge back the amount of the item if we do not receive final payment.

Deposits or Cashed Items. ‌ We may accept deposits to your account from any source and need not question the authority of the person to make the deposit. All deposits are subject to later verification, adjustment and collection by us. Deposit receipts do not necessarily indicate the correct balance in the account or the amount being deposited and the amount on the receipt is based solely on your deposit ticket. If a check, draft, or other item that we cash for you or which you deposit to your Account is returned to us as unpaid for any reason, we may charge back against your account for the amount of the item returned and a chargeback fee. This may include, among other circumstance, checks that are returned because the maker of the check had insufficient funds in its account and checks that were paid originally and later are returned to us accompanied by an affidavit which states that the endorsement is forged or unauthorized or that the item has been altered in any way. We may charge your account for the amount without questioning the truth of such an affidavit. We may, at our option, notify you by telephone if an item has been returned unpaid. If you authorize us to redeposit the item on your behalf, you waive any right to receive a written notice of the returned item and you authorize us to charge back the item to your account if it is returned unpaid again for any reason. Any check deposited to your account that lacks an endorsement may be, or may be deemed to be, endorsed by us on your behalf. With respect to any such check, our rights and your liabilities shall be determined as though you actually endorsed and deposited the item. Further, any check deposited to your account that bears your stamped or facsimile endorsement shall be deemed to bear your actual endorsement whether such endorsement was affixed by you or by someone having no authority to supply your endorsement. If we receive an affidavit stating that one or more endorsements on a check or other item deposited into your account are is forged, we may freeze the amount or charge back the amount of the item to your account, without prior notice to you, even though you have already used the funds. We may return or refuse to accept all or any part of a deposit or credit to your account at any time and will not be liable to you for doing so even if such action causes outstanding items to be dishonored and returned. Returned or refused deposits or the legal equivalent of the deposited item will be returned to you. In addition, you will be solely responsible for any loss or liability we sustain in relations with the deposit of substitute checks. If we give provisional credit for an item, we reserve the right to charge back the amount of the item if we do not receive final payment.