Common use of Deposits to the Account Clause in Contracts

Deposits to the Account. All digital check images processed for deposit through the Service will be treated as “deposits” in accordance with your Deposit Account Terms and Conditions, and will be subject to the terms therein. We reserve the right to reject any digit check image transmitted through the Services, at our discretion, and without liability to you. We are not responsible for digital check images we do not receive or for digital check images that are dropped during transmission. A digital check image shall be deemed received when you receive a confirmation from us that we have received the digital check image. Receipt of such confirmation does not mean that the transmission was error free or complete. Subject to our right to identify and reject Exception Items, we shall be deemed to have accepted each digital check image for deposit to the Account on the Business Day that we process the digital check image, provided its transmission and receipt is prior to the Cut-Off Time. The deposit will be deemed to have been deposited at the office where the Account is maintained.

Appears in 4 contracts

Samples: Online Banking Service Agreement, Online Banking Service Agreement, Online Banking Service Agreement

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