Common use of Exception Items Clause in Contracts

Exception Items. The Credit Union may, in its sole and absolute discretion, reject any Check Image it determines to be ineligible for Mobile Deposit (Exception Item) , including, but not limited to, Check Images of items drawn on banks located outside the United States, items drawn on U.S. Banks in foreign currency, Check Images that are illegible, Check Images of Original Checks previously processed, Check Images previously converted to substitute checks, and Check Images with unreadable MICR information. You may be notified via email of Exception Items, but you also agree that you will review your account to determine that items you have deposited through Mobile Deposit have been credited to your account before attempting to make use of such funds. You further agree that if you want to deposit any Exception Item to your account, you will only do so by depositing the Original Check upon which the Exception Item is based. You acknowledge and agree that even if we did not initially identify Check Image as an Exception Item, the substitute check created by us may nevertheless be returned to us because the electronic image is deemed illegible by a paying bank, or for other reasons. Our failure to identify an Exception Item shall not preclude or limit your obligation to us.

Appears in 3 contracts

Samples: Electronic Services Disclosure and Agreement, Electronic Services Disclosure and Agreement, Electronic Services Disclosure and Agreement

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Exception Items. The Credit Union may, in its sole and absolute discretion, reject any Check Image it determines to be ineligible for Mobile Remote Deposit (β€œException Item) ”), including, but not limited to, Check Images of items drawn on banks located outside the United States, items drawn on U.S. Banks in foreign currency, Check Images that are illegible, Check Images of Original Checks previously processed, Check Images previously converted to substitute checks, and Check Images with unreadable MICR information. You may be notified via email of Exception Items, but you also agree that you will review your account Account to determine that items you have deposited through Mobile Remote Deposit have been credited to your account Account before attempting to make use of such funds. You further agree that if you want to deposit any Exception Item to your accountAccount, you will only do so by depositing the Original Check upon which the Exception Item is based. You acknowledge and agree that even if we did not initially identify Check Image as an Exception Item, the substitute check created by us may nevertheless be returned to us because the electronic image is deemed illegible by a paying bank, or for other reasons. Our failure to identify an Exception Item shall not preclude or limit your obligation to us.

Appears in 3 contracts

Samples: Digital Banking Agreement and Disclosure, Digital Banking Agreement and Disclosure, Remote Deposit Agreement and Disclosure

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Exception Items. The Credit Union may, in its sole and absolute discretion, reject any Check Image it determines to be ineligible for Mobile Deposit (Exception Item) ), including, but not limited to, Check Images of items drawn on banks located outside the United States, items drawn on U.S. Banks in foreign currency, Check Images that are illegible, Check Images of Original Checks previously processed, Check Images previously converted to substitute checks, and Check Images with unreadable MICR information. You may be notified via email of Exception Items, but you also agree that you will review your account Account to determine that items you have deposited through Mobile Deposit have been credited to your account Account before attempting to make use of such funds. You further agree that if you want to deposit any Exception Item to your accountAccount, you will only do so by depositing the Original Check upon which the Exception Item is based. You acknowledge and agree that even if we did not initially identify Check Image as an Exception Item, the substitute check created by us may nevertheless be returned to us because the electronic image is deemed illegible by a paying bank, or for other reasons. Our failure to identify an Exception Item shall not preclude or limit your obligation to us.

Appears in 1 contract

Samples: Mobile Deposit Agreement

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