Common use of Endorsement and Procedures Clause in Contracts

Endorsement and Procedures. You agree to restrictively endorse any item transmitted through the Mobile Deposit Service as “For deposit only through Mobile Deposit, account # ” or as otherwise instructed by us. You agree to follow any and all other procedures and instructions for use of the Mobile Deposit Service as we may establish from time to time, including that you will maintain your mobile deposits in safekeeping in order to prevent the checks from being endorsed, negotiated, or redeposited by others. The image of an item transmitted to us using the Mobile Deposit Service must be legible, as determined in our sole discretion. Without limiting the foregoing, the image quality of the items must comply with the requirements established from time to time by us, the Board of Governors of the Federal Reserve Board, or any other regulatory agency, clearinghouse or association. Receipt of Items. The manner in which the items are cleared, presented for payment, and collected shall be in our sole discretion subject to the account agreement and other account documentation governing your account. We reserve the right to reject any item transmitted through the Mobile Deposit Service, at our discretion. We are not responsible for items we do not receive or for images that are dropped during transmission. An image of an item shall be deemed received when you receive a confirmation from us that we have received the image. Receipt of such confirmation does not mean that the transmission was error free, complete or will be considered a deposit and credited to your account. We further reserve the right to charge back to your account at any time, any item previously deposited. You agree that the Bank is not liable for any loss, costs, or fees you may incur as a result of our chargeback of any item. Availability of Funds. You agree that items transmitted using the Remote Deposit Capture Service are not subject to the funds availability requirements of Reg. CC. In general, if an image of an item you transmit through the Remote Deposit Capture Service is received and accepted before 7:00 p.m. Eastern Time on a business day that we are open, we consider that day to be the day of your deposit. Otherwise, we will consider that the deposit was made on the next business day we are open. Funds deposited using the Remote Deposit Capture Service will generally be made available on the business day following the day of deposit.

Endorsement and Procedures. You agree to restrictively endorse any item transmitted through the Mobile Deposit Service as “For deposit only through Mobile Deposit, account # ” or as otherwise instructed by us. You agree to follow any and all other procedures and instructions for use of the Mobile Deposit Service as we may establish from time to time, including that you will maintain your mobile deposits in safekeeping in order to prevent the checks from being endorsed, negotiated, or redeposited by others. The image of an item transmitted to us using the Mobile Deposit Service must be legible, as determined in our sole discretion. Without limiting the foregoing, the image quality of the items must comply with the requirements established from time to time by us, the Board of Governors of the Federal Reserve Board, or any other regulatory agency, clearinghouse or association. Receipt of Items. The manner in which the items are cleared, presented for payment, and collected shall be in our sole discretion subject to the account agreement and other account documentation governing your account. We reserve the right to reject or suspend any item transmitted through the Mobile Deposit Service, at our discretion. We are not responsible for items we do not receive or for images that are dropped during transmission. An image of an item shall be deemed received when you receive a confirmation from us that we have received the image. Receipt of such confirmation does not mean that the transmission was error free, complete or will be considered a deposit and credited to your account. We further reserve the right to charge back to your account at any time, any item previously deposited. You agree that the Bank is not liable for any loss, costs, or fees you may incur as a result of our chargeback of any item. Availability of Funds. You agree that items transmitted using the Remote Deposit Capture Service are not subject to the funds availability requirements of Reg. CC. In general, if an image of an item you transmit through the Remote Deposit Capture Service is received and accepted before 7:00 p.m. Eastern Time on a business day that we are open, we consider that day to be the day of your deposit. Otherwise, we will consider that the deposit was made on the next business day we are open. Funds deposited using the Remote Deposit Capture Service will generally be made available on the business day following the day of deposit.