Common use of Disposal of Transmitted Checks Clause in Contracts

Disposal of Transmitted Checks. Upon confirmation of crediting of your deposit to your account you agree to: o Mark the check as “Electronically Presented” or “Void” o Properly store the check to ensure that it is not presented again for payment by you or any other person. o Retain all checks deposited through Mobile RDC for a period of 30 business days following which you will dispose of the check in manner that will prevent its being presented again, such as by shredding the check. o Promptly provide us at our request with a copy of any retained check to aid in the clearing and collection process, to resolve claims by third parties, or for our audit purposes.

Appears in 5 contracts

Samples: Cit Bank Agreement for Personal Accounts, Banking Agreement, Cit Bank Agreement for Personal Accounts

AutoNDA by SimpleDocs

Disposal of Transmitted Checks. Upon confirmation of crediting of your deposit to your account you agree to: o Mark the check as “Electronically Presented” or “Void” o Properly store the check to ensure that it is not presented again for payment by you or any other person. o Retain all checks deposited through Mobile RDC for a period of 30 business days following which you will dispose of the check in manner that will prevent its being presented again, such as by shredding the check. check o Promptly provide us at our request with a copy of any retained check to aid in the clearing and collection process, to resolve claims by third parties, or for our audit purposes.

Appears in 2 contracts

Samples: Cit Bank Agreement for Personal Accounts, Bank Agreement

AutoNDA by SimpleDocs

Disposal of Transmitted Checks. Upon confirmation of crediting of your deposit to your account you agree to: o Mark the check as “Electronically Presented” or “Void” o Properly store the check to ensure that it is not presented again for payment by you or any other person. o Retain all checks deposited through Mobile RDC for a period of 30 business days following which you will dispose of the check in manner that will prevent its being presented again, such as by shredding the check. o Promptly provide us at our request with a copy of any retained check to aid in the clearing and collection process, to resolve claims by third parties, or for our audit purposesauditpurposes.

Appears in 2 contracts

Samples: Cit Bank Agreement for Personal Accounts, Cit Bank Agreement for Personal Accounts

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