Common use of Eligible Items Clause in Contracts

Eligible Items. You agree to scan and deposit only checks, as that term is defined in Federal Reserve Regulation CC (“Reg. CC”). You agree that the image of the check transmitted to us shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code as adopted in Tennessee. You agree that you will not use RDC to scan and deposit any of the following checks or other items: (1) Checks or items payable to any person or entity other than you, including a check payable to “Cash”. (2) Checks or items containing obvious alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. (3) Checks or items previously converted to a substitute check, as defined in Reg. CC. (4) Checks or items drawn on a foreign bank or payable in a foreign currency. (5) Checks or items that are demand drafts or remotely created checks (checks lacking the original signature of the drawer). (6) Checks that have been previously returned stop payment or account closed. (7) Checks or items dated more than six months prior to the date of deposit.

Appears in 16 contracts

Samples: Consumer Interest Checking Account Agreement, Consumer Interest Checking Account Agreement, Consumer Interest Checking Account Agreement

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Eligible Items. You agree to scan and deposit only checks, as that term is defined in Federal Reserve Regulation CC (“Reg. CC”). You agree that the image of the check transmitted to us shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code as adopted in Tennessee. You agree that you will not use RDC to scan and deposit any of the following checks or other items:items:‌‌‌‌‌ (1) Checks or items payable to any person or entity other than you, including a check payable to “Cash”. (2) Checks or items containing obvious alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. (3) Checks or items previously converted to a substitute check, as defined in Reg. CC. (4) Checks or items drawn on a foreign bank or payable in a foreign currency. (5) Checks or items that are demand drafts or remotely created checks (checks lacking the original signature of the drawer). (6) Checks that have been previously returned stop payment or account closed. (7) Checks or items dated more than six months prior to the date of deposit.

Appears in 6 contracts

Samples: Consumer Interest Checking Account Agreement, Consumer Interest Checking Account Agreement, Consumer Interest Checking Account Agreement

Eligible Items. You agree to scan and deposit only checks, as that term is defined in Federal Reserve Regulation CC (“Reg. CC”). You agree that the image of the check transmitted to us shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code as adopted in Tennessee. You agree that you will not use RDC to scan and deposit any of the following checks or other items: (1) . Checks or items payable to any person or entity other than you, including a check payable to “Cash”. (2) . Checks or items containing obvious alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. (3) . Checks or items previously converted to a substitute check, as defined in Reg. CC. (4) . Checks or items drawn on a foreign bank or payable in a foreign currency. (5) . Checks or items that are demand drafts or remotely created checks (checks lacking the original signature of the drawer). (6) . Checks that have been previously returned stop payment or account closed. (7) . Checks or items dated more than six months prior to the date of deposit.

Appears in 2 contracts

Samples: Demand Deposit Account Agreement, Demand Deposit Account Agreement

Eligible Items. You agree to scan and deposit only checks, as that term is defined defined in Federal Reserve Regulation CC (“Reg. CC”). You agree that the image of the check transmitted to us shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code as adopted in Tennessee. You agree that you will not use RDC to scan and deposit any of the following checks or other items:items:‌‌‌‌‌ (1) Checks or items payable to any person or entity other than you, including a check payable to “Cash”. (2) Checks or items containing obvious alteration to any of the fields fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. (3) Checks or items previously converted to a substitute check, as defined defined in Reg. CC. (4) Checks or items drawn on a foreign bank or payable in a foreign currency. (5) Checks or items that are demand drafts or remotely created checks (checks lacking the original signature of the drawer). (6) Checks that have been previously returned stop payment or account closed. (7) Checks or items dated more than six months prior to the date of deposit.

Appears in 1 contract

Samples: Consumer Interest Checking Account Agreement

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Eligible Items. You agree to scan and deposit only checks, as that term is defined defined in Federal Reserve Regulation CC (“Reg. CC”). You agree that the image of the check transmitted to us shall be deemed an “item” within the meaning of Article 4 of the Uniform Commercial Code as adopted in Tennessee. You agree that you will not use RDC Mobile Deposit to scan and deposit any of the following checks or other items: (1) Checks or items payable to any person or entity other than you, including a check payable to “Cash”. (2) Checks or items containing obvious alteration to any of the fields fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. (3) Checks or items previously converted to a substitute check, as defined in Reg. CC. (4) Checks or items drawn on a foreign bank or payable in a foreign currency. (5) Checks or items that are demand drafts or remotely created checks (checks lacking the original signature of the drawer). (6) Checks that have been previously returned stop payment or account closed. (7) Checks or items dated more than six months prior to the date of deposit.

Appears in 1 contract

Samples: Consumer Savings Account Agreement

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