Common use of Destruction of Original Check Clause in Contracts

Destruction of Original Check. Once you have deposited the check successfully, you should store the check in a secure location for 14 days. After 14 days, and after you have confirmed the deposited funds have been applied to your account correctly, you must destroy the check. Shredding it is one way to destroy it. Destroying the check prevents it from being presented for deposit another time. You will be liable for checks that are presented more than once.

Appears in 6 contracts

Samples: Treasury Management Master Agreement, Mobile Deposit Services Agreement, Treasury Management Master Agreement

AutoNDA by SimpleDocs

Destruction of Original Check. Once you have deposited the check successfully, you should store the check in a secure location for 14 30 days. After 14 30 days, and after you have confirmed the deposited funds have been applied to your account correctly, you must destroy the check. Shredding it is one way to destroy it. Destroying the check prevents it from being presented for deposit another time. You will be liable for checks that are presented more than once.

Appears in 2 contracts

Samples: Mobile Banking Services Agreement, State Bank Mobile Deposit Agreement

AutoNDA by SimpleDocs

Destruction of Original Check. Once you have deposited the check successfully, you should store the check in a secure location for 14 15 business days. After 14 15 business days, and after you have confirmed the deposited funds have been applied to your account correctly, you must destroy the check. Shredding it is one way to destroy it. Destroying the check prevents it from being presented for deposit another time. You will be liable for checks that are presented more than once.

Appears in 2 contracts

Samples: Business Online Agreement, Mobile Deposit Service Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!