Common use of DEPOSITS TO BANK ACCOUNTS Clause in Contracts

DEPOSITS TO BANK ACCOUNTS. All items deposited will be handled by us as agent for you. Any items mailed to us will be refused and returned to you. We reserve the right to charge back to your Bank Account the amount of any item deposited to your Bank Account which was initially paid by the payor bank and later returned to us due to an allegedly forged, unauthorized or missing endorsement, claim of alteration, encoding error or other problem which in our judgment justifies reversal of the credit.

DEPOSITS TO BANK ACCOUNTS. All items deposited will be handled by us as agent for you. Any items mailed to us use will be refused and returned to you. We reserve the right to charge back to your Bank Account the amount of any item deposited to your Bank Account which was initially paid by the payor bank and later returned to us due to an allegedly forged, unauthorized or missing endorsement, claim of alteration, encoding error or other problem which in our judgment justifies reversal of the credit.