Common use of MICR Lines on the Check Clause in Contracts

MICR Lines on the Check. The bottom of your check contains numeric information that identifies the bank the check is drawn on, the account number and the check number. This information is known as the MICR line (Magnetic Ink Character Recognition). A MICR defect, such as a tear in the MICR line, or markings over the MICR line may inhibit the scanner or mobile phone’s ability to read this information. If you receive error messages indicating that the mobile phone is unable to read the MICR line, the check with defects in the MICR line must be physically deposited at one of our bank locations.

Appears in 3 contracts

Samples: Mobile Deposit Capture Agreement, Commercial Online Banking Agreement, Consumer Online Banking Agreement

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MICR Lines on the Check. The bottom of your check contains numeric information that identifies the bank the check is drawn on, the account number and the check number. This information is known as the MICR line (Magnetic Ink Character Recognition). A MICR defect, such as a tear in the MICR line, or markings over the MICR line may inhibit the scanner or mobile phone’s ability to read this information. If you receive error messages indicating that the mobile phone is unable to read the MICR line, the check with defects in the MICR line must be physically deposited at one a branch of our bank locationsPeoples Savings Bank.

Appears in 2 contracts

Samples: Consumer Mobile Deposit Terms and Conditions, Consumer Mobile Deposit Terms and Conditions

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