Common use of Ineligible Items Clause in Contracts

Ineligible Items. You agree not to image and seek to deposit: o any Instrument that you suspect may not be honoured for payment when presented; o any Instrument that you suspect may be tainted by fraud or illegality or where the Instrument may be forged, counterfeited, or unauthorized by the drawer; o post-dated Instruments, or stale dated Instruments dated more than 6 months prior to the date of deposit; o Instruments payable to any person or entity other than you (for example Instruments payable to other persons); o any Instrument that has been altered in any way, or is in any way illegible; o any Instrument that is not an original signed Instrument, (specifically, you will not seek to deposit photocopies, pdf’s, scans or printouts of an Instrument); o any Instrument payable jointly, unless deposited to an Account held in the name of all payees; o any Instrument payable in a currency other than Canadian Dollars; and o any Instrument that has already been sent through any mobile deposit service or remote deposit capture service, even if the initial deposit for the Instrument was previously reversed. You agree to immediately after imaging and transmitting the Instrument using the Mobile Deposit Service, you will mark the front of the Instrument with the word “DEPOSITED” and will retain the cheque for at least 90 days, but no more than 120 days after the deposit.