Common use of Ineligible Checks Clause in Contracts

Ineligible Checks. You agree that you will not create a digital image and attempt to deposit any ineligible check. Transactions containing an ineligible check may be rejected by us in our sole and absolute discretion. Properly payable checks that we consider ineligible for mobile deposit may be presented for deposit by conventional means. Ineligible checks include, but are not limited to: • Checks payable to any person or entity other than the person or entity that owns the account that the check is being deposited into; • Checks containing an alteration on the front of the check; • Checks and other items that you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which it is drawn; • Checks payable jointly, unless deposited into an account in the name of all the payees; • Checks drawn on a financial institution located outside the United States; • Checks that are remotely created checks (as defined in federal Regulation CC); • Checks not payable in United States currency; • Checks dated more than six (6) months prior to the date of deposit (i.e., stale dated checks); • Checks that are “VOID” after 90 days; • Image Replacement Document (IRD, aka Substitute Check); • Money Orders, Cashier’s Check, and Traveler’s Checks; • Checks that are not endorsed on the back in blue or black ink, with your signature and “For Mobile Deposit at Classic Bank Only”. • Checks that have previously been submitted through the Service, another remote deposit service, or previously presented for payment to any financial institution (duplicate deposit).