Common use of Mobile Check Deposit Clause in Contracts

Mobile Check Deposit. Purdue Federal offers a remote deposit capture service (“Mobile Check Deposit”) to eligible members to make certain check deposits electronically in Mobile Banking by using a capture device to create an electronic image of a paper check payable only in U.S. Dollars and on a U.S. financial institution ("Item") by scanning the Item and transmitting it and related data to us. You are solely responsible for information or data that is transmitted, supplied or key-entered by you, or any person you have authorized. Before you capture the image of any Item, you shall endorse all Items with your signature and print "For PFCU Mobile Deposit Only" below your signature. You agree that after the Item has been imaged and submitted for deposit, you shall not otherwise transfer or negotiate the original Item, substitute check or any other representation thereof. You further agree that you shall be solely responsible for the original Items, including storage, retrieval and destruction of the Items. You agree that the electronic image of the Item or any substitute check, as defined by federal law, will become the legal representation of the Item for all purposes, including return items processing. Please refer to the Funds Availability Policy for consumer accounts in Your Guide to Member Services or the Business Deposits section for business accounts in Your Guide to Member Business Services for more detail on the availability of funds from your deposits. Deposits may be made to your eligible accounts from remote locations by photographing Items within the Mobile Banking application and delivering the images and associated deposit information to Purdue Federal. You agree to pay the fees described in the Fee Schedule that apply to your account. You agree that the image of the check transmitted to us shall be deemed an "Item" within the meaning of Article 4 of the Uniform Commercial Code. We may place daily and monthly limits on the dollar amount of deposits that can be made using Mobile Check Deposit. Only Items less than $10,000 are eligible for deposit using Mobile Check Deposit. We reserve the right to change, suspend or discontinue Mobile Check Deposit, in whole or in part, or your use of the service, in whole or in part. If the electronic files and/or images transmitted to us with respect to any Item do not comply with our processing requirements for content and/or format, we may, in our sole discretion: a) further transmit the Item and data in the form received from you; b) repair or attempt to repair the Item or data and then further transmit the Item; c) process the Item as photocopies in lieu of originals; or d) return the data and Item to you unprocessed and charge back your account. We are not responsible for Items we do not receive or for images that may fail during transmission. An image of an Item shall be deemed received when you receive a confirmation in Mobile Banking that the image upload was successful. Receipt of such confirmation does not mean that the transmission was error free or complete. You agree to retain and safeguard the original Item for at least 14 days after you have transmitted the Item images. After 14 days have passed and you have verified that the funds associated with the Item have been added to your balance, you agree to prominently xxxx the item as "VOID" and properly dispose of or safekeep the Item to ensure that it is not represented for payment. You also agree that you will not use Mobile Check Deposit to deposit any Items that: a) are made payable to persons or entities other than you; b) contain obvious alterations on the front of the Item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the Item is drawn; c) were previously converted to a substitute item, as defined in Federal Reserve Regulation CC, or were otherwise cashed or deposited; d) are drawn on a financial institution located outside the United States; e) are remotely created checks, as defined in Federal Reserve Regulation CC; f) are not payable in United States currency or on a US financial institution; g) are payable to cash; h) are a US Savings Bond, money order, cashier's check, or travelers check; i) do not bear a signature of the person from whom the item is drawn or lack an issued date; j) are postdated or dated more than 6 months prior to the date of deposit; or k) are otherwise not acceptable under the terms of your Purdue Federal account or Agreements. You represent and warrant to us that: a) any image we receive accurately and legibly represents all of the information on the front and back of the original Item as originally drawn; b) the information you transmit to us corresponding to an Item contains a record of all applicable MICR-line (the set of numbers at the bottom of the check) information required for a substitute check and the accurateamount of the Item; c) the Item conforms to the technical standards for an Electronic Item set forth in Federal Reserve Board Regulation J, or Federal Reserve Bank operating circulars and for a substitute check set forth in Federal Reserve Board Regulation CC; d) the item has not previously been deposited and no person will receive a transfer, presentment, or return of, or otherwise be charged for, the Item (either the original Item, or a paper or electronic representation of the original Item) such that the person will be asked to make payment based on an Item it has already paid; e) you will not redeposit through Mobile Check Deposit any Item previously depositedand returned to you unless we advise you otherwise; f) you will employ reasonable security measures sufficient to protect the Item in transmission and storage; g) you will only transmit Items that originated as paper Items; h) you will follow our endorsement requirements by endorsing all Items with your signature and printing "For PFCU Mobile Deposit Only" below your signature, and; i) you will comply with all laws and regulations applicable to you in your useof Mobile Check Deposit and not use Mobile Check Deposit for any purpose prohibited by foreign exchange regulations, postal regulations or any other treaty, statute, regulation or authority. You agree to notify us of any suspected errors regarding items deposited through Mobile Check Deposit right away, and to notify us in no event later than 60 days after the applicable account statement is provided. Unless you notify us within 60 days, such statement regarding all deposits made through Mobile Check Deposit shall be deemed correct. In addition to the indemnities contained elsewhere, you agree to indemnify us for any loss or expense (including attorney's fees and expenses of litigation) resulting from: a) your breach of any of the warranties made by you pursuant to this Agreement; and b) any claim pertaining to any warranty or indemnity that we make with respect to an Item under the Check Clearing for the 21st Century Act, Federal Reserve Board Regulations CC and J and all other laws, regulations and industry and clearing house rules applicable to Items.

Mobile Check Deposit. Purdue Federal offers (a) If you are a remote deposit capture service Consumer, Mobile Check Deposit may be available to you once you meet certain eligibility requirements. These include, that there cannot be any legal or administrative holds on your account, you are an owner of an eligible Account, and you have been a Bank customer for at least two (2) consecutive months. (b) Bank shall provide you with details of the specific transactions, reported similarly as other transactions may be done, that were a result of access to Mobile Check Deposit (i.e. Periodic Statements, acknowledgment, etc.). (c) For consumer accounts, funds from items deposited through Mobile Check Deposit may not be available on the first Business Day after the day of your deposit. See our Funds Availability Policy for more information. (d) You agree that the scanning and transmitting of checks does not constitute receipt by Bank. Acknowledgment of receipt or delivery does not constitute an acknowledgment by Bank that the transmission of a check or items does not contain errors or that funds will be available. (e) You agree to include “For Mobile Deposit Only to Citizens National Bank of Cheboygan” below all endorsements of checks. Bank reserves the right to accept or reject checks that do not bear this inscription. (f) You agree that Bank may at any time, in its sole discretion, refuse to accept deposits of checks from you by Mobile Check Deposit”. In the event that Mobile Check Deposit is interrupted or is otherwise unavailable, you may deposit checks via ATM, in person or at Bank via night drop, U.S. mail, or other contractually acceptable method. If a Mobile Check Deposit is received and accepted by Bank before 6:00 pm (Eastern Standard Time) to eligible members to make certain check deposits electronically in Mobile Banking by using a capture device to create an electronic image of a paper check payable only in U.S. Dollars and on a U.S. financial institution Business Day, Bank considers that the day of deposit. Mobile Check Deposits received after that time are deemed received on the next Business Day. ("Item"g) by scanning the Item and transmitting it and related data to us. You are solely responsible for information or data that is transmitted, supplied or key-entered by you, or any person you have authorized. Before you capture the image of any Item, you shall endorse all Items with imaging deposit items and for maintaining your signature and print "For PFCU Mobile Deposit Only" below your signaturemobile device. You agree that after the Item has been imaged and submitted for deposit, you shall not otherwise transfer or negotiate the original Item, substitute check or any other representation thereof. You further agree that you shall be solely are responsible for the original Items, including storage, retrieval and destruction payment of the Items. You agree that the electronic image of the Item or any substitute check, as defined by federal law, will become the legal representation of the Item for all purposes, including return items processing. Please refer to the Funds Availability Policy for consumer accounts in Your Guide to Member Services or the Business Deposits section for business accounts in Your Guide to Member Business Services for more detail on the availability of funds from your deposits. Deposits may be made to your eligible accounts from remote locations by photographing Items within the Mobile Banking application and delivering the images and telecommunications expenses associated deposit information to Purdue Federal. You agree to pay the fees described in the Fee Schedule that apply to your account. You agree that the image of the check transmitted to us shall be deemed an "Item" within the meaning of Article 4 of the Uniform Commercial Code. We may place daily and monthly limits on the dollar amount of deposits that can be made with using Mobile Check Deposit. Only Items less than $10,000 are eligible for deposit using Mobile Check Deposit. We reserve the right to change, suspend or discontinue Mobile Check Deposit, in whole or in part, or your use of the service, in whole or in part. If the electronic files and/or images transmitted to us with respect to any Item do Bank shall not comply with our processing requirements for content and/or format, we may, in our sole discretion: a) further transmit the Item and data in the form received from you; b) repair or attempt to repair the Item or data and then further transmit the Item; c) process the Item as photocopies in lieu of originals; or d) return the data and Item to you unprocessed and charge back your account. We are not be responsible for Items we do not receive providing or for images that may fail during transmission. An image of an Item shall be deemed received when you receive a confirmation in Mobile Banking that the image upload was successful. Receipt of such confirmation does not mean that the transmission was error free or complete. servicing any mobile device. (h) You agree to retain and safeguard the original Item for at least 14 days after you have transmitted the Item images. After 14 days have passed and you have verified that the funds associated with the Item have been added to your balance, you agree to prominently xxxx the item as "VOID" and properly dispose of or safekeep the Item to ensure that it is not represented for payment. You also agree that you will not only use Mobile Check Deposit to deposit checks drawn on financial institutions within the United States in U.S. dollars. You must deposit all other checks not meeting this description in person or at Bank via night drop, U.S. Mail, or other contractually acceptable method. You agree that each check you submit for deposit through Mobile Check Deposit will meet the image quality standards established in American National Standards Institute's standard X9.37. Further, all checks deposited through Mobile Check Deposit will meet the definition of “check” under Regulation CC. In addition to the restrictions above, you agree that you will not deposit any Items that: aof the following types of checks or other items through Mobile Check Deposit: (i) are made payable Payable to persons any person or entities entity, other than youwho owns the Account that the check is being deposited; b) contain obvious alterations on the front of the Item Containing an alteration, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the Item check is drawn; c Payable jointly, unless deposited into an account in the name of all payees;  Dated more than six (6) were previously converted months prior to the date of deposit or in the future; and  Drawn against a substitute itemline of credit. (j) You understand and agree that all deposit items belong to you and not to Bank and that those items shall be handled in accordance with this Agreement. After receipt by Bank of any transmission by you of imaged items for deposit to your account, Bank will acknowledge by electronic means its receipt of such electronic transmission. Your electronic transmission is subject to proof and verification. You shall retain the original of all imaged items that have been deposited via Mobile Check Deposit for a reasonable period of time in order to verify settlement and credit or to balance Periodic Statements, but in no case beyond sixty (60) days from the date processed, and shall properly destroy and dispose of such original checks after such time. During the period that you maintain the original checks, you understand and agree that you must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks for purposes of presentment for deposit of these original checks (i.e. after the original checks have already been presented for deposit via Mobile Check Deposit) and (ii) unauthorized use of information derived from the original checks. When you destroy and dispose of the original checks pursuant to the requirements of this Agreement, you understand and agree that you must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g. through the use of competent shredding equipment.) (k) You are solely and exclusively responsible for any and all financial risks, including, without limitation, insufficient funds, associated with accessing Mobile Check Deposit. Bank shall not be liable in any manner for such risk unless Bank fails to follow the procedures described in this Agreement and in other materials provided to you regarding the use of Mobile Check Deposit. You assume exclusive responsibility for the consequences of any instructions you may give to Bank, for your failure to access Mobile Check Deposit properly and in a manner prescribed by Bank, or for your failure to supply accurate input information. (l) You shall not present, or attempt to present, or allow others, either directly or indirectly, to present, or attempt to present, for deposit by any means (i) any Substitute Check (as that term is defined in Federal Reserve Regulation CC, 12 C.F.R. Part 229) that has already been presented for deposit via any deposit service or were otherwise cashed or deposited; d(ii) are drawn on a financial institution located outside the United States; e) are remotely created checks, as defined in Federal Reserve Regulation CC; f) are not payable in United States currency or on a US financial institution; g) are payable to cash; h) are a US Savings Bond, money order, cashier's any original check, the Substitute Check of which has already been presented for deposit via any deposit service. In the event that you, or travelers any third party, presents, or attempts to present, a deposit in violation of this subsection you agree to defend, indemnify, and hold Bank and its agents harmless from and against all liability, damage and loss arising out of any claims, suits, or demands brought by third parties with respect to any such Substitute Check or original check; i) do not bear a signature . You agree that the aggregate amount of any items which are deposited more than once will be debited from your account, and to the extent funds in your account are insufficient to cover such amount, any balance shall be debited by Bank from any other Bank account (in which you have an ownership interest, regardless of the person from whom source, unless prohibited by law) in its sole discretion. You further acknowledge that you, and not Bank, are responsible for the item is drawn or lack an issued date; j) processing and handling of any original items which are postdated or dated more than 6 months prior imaged and deposited utilizing the Service and you assume all liability to the date drawer of deposit; any item imaged using Mobile Check Deposit or kliability arising from Bank's printing of any Substitute Check from those images. (m) are otherwise not acceptable under the terms of your Purdue Federal account or Agreements. You represent and warrant to us thatwarrant: a) any image we receive accurately and legibly represents all of the information on the front and back of the original Item as originally drawn; b) the information you transmit to us corresponding to an Item contains a record of all applicable MICR-line (the set of numbers at the bottom of the check) information required for a substitute check and the accurateamount of the Item; c) the Item conforms to the technical standards for an Electronic Item set forth in Federal Reserve Board Regulation J, or Federal Reserve Bank operating circulars and for a substitute check set forth in Federal Reserve Board Regulation CC; d) the item has not previously been deposited and no person will receive a transfer, presentment, or return of, or otherwise be charged for, the Item (either the original Item, or a paper or electronic representation of the original Item) such that the person will be asked to make payment based on an Item it has already paid; e) you will not redeposit through Mobile Check Deposit any Item previously depositedand returned to you unless we advise you otherwise; f) you will employ reasonable security measures sufficient to protect the Item in transmission and storage; g) you will only transmit Items that originated as paper Items; h) you will follow our endorsement requirements by endorsing all Items with your signature and printing "For PFCU Mobile Deposit Only" below your signature, and; i) that you will comply with all laws federal and state laws, and rules and regulations applicable to you in your useof Mobile Check Deposit and not use Mobile Check Deposit transactions, including those of the National Automated Clearing House for any purpose prohibited by foreign exchange regulations, postal regulations or any other treaty, statute, regulation or authority. You agree to notify us of any suspected errors regarding items deposited ACH transactions; (ii) that all Checks imaged through Mobile Check Deposit right away, are made payable to you; (iii) that all signatures on each check are authentic and to notify us in no event later than 60 days after the applicable account statement is provided. Unless you notify us within 60 days, such statement regarding all deposits made through Mobile Check Deposit shall be deemed correctauthorized; and (iv) that each check has not been altered. In addition to the indemnities contained elsewhereevent you breach any of these representations or warranties, you agree to indemnify us for any defend, indemnify, and hold Bank and its agents harmless from and against all liability, damages, and loss or expense (including attorney's fees and expenses of litigation) resulting from: a) your breach arising out of any of the warranties made claims, suits or demands brought by you pursuant to this Agreement; and b) any claim pertaining to any warranty or indemnity that we make third parties with respect to any such breach. You further authorize Bank to charge your account (or any account in which you have an Item ownership interest, regardless of the source, unless prohibited by law) for the amount of any such demand, claim or suit that constitutes a breach of warranty claim under the Check Clearing for provisions of the 21st Century Act, Federal Reserve Board Regulations CC Uniform Commercial Code. (n) The maximum aggregate deposit amount shall not exceed $6,000 in any one (1) Business Day and J and all other laws, regulations and industry and clearing house rules applicable to Items.$25,000 in any thirty

Mobile Check Deposit. Purdue Federal offers a remote deposit capture service (“Mobile Check Deposit”) to eligible members to make certain check deposits electronically in Mobile Banking by using a capture device to create an electronic image of a paper check payable only in U.S. Dollars and on a U.S. financial institution ("Item") by scanning the Item and transmitting it and related data to us. You are solely responsible for information or data that is transmitted, supplied or key-entered by you, or any person you have authorized. Before you capture the image of any Item, you shall endorse all Items with your signature and print "For PFCU Mobile Deposit Only" below your signature. You agree that after the Item has been imaged and submitted for deposit, you shall not otherwise transfer or negotiate the original Item, substitute check or any other representation thereof. You further agree that you shall be solely responsible for the original Items, including storage, retrieval and destruction of the Items. You agree that the electronic image of the Item or any substitute check, as defined by federal law, will become the legal representation of the Item for all purposes, including return items processing. Please refer to the Funds Availability Policy for consumer accounts in Your Guide to Member Services or the Business Deposits section for business accounts in Your Guide to Member Business Services for more detail on the availability of funds from your deposits. Deposits may be made to your eligible accounts from remote locations by photographing Items within the Mobile Banking application and delivering the images and associated deposit information to Purdue Federal. You agree to pay the fees described in the Fee Schedule that apply to your account. You agree that the image of the check transmitted to us shall be deemed an "Item" within the meaning of Article 4 of the Uniform Commercial Code. We may place daily and monthly limits on the dollar amount of deposits that can be made using Mobile Check Deposit. Only Items less than $10,000 are eligible for deposit using Mobile Check Deposit. We reserve the right to change, suspend or discontinue Mobile Check Deposit, in whole or in part, or your use of the service, in whole or in part. If the electronic files and/or images transmitted to us with respect to any Item do not comply with our processing requirements for content and/or format, we may, in our sole discretion: a) further transmit the Item and data in the form received from you; b) repair or attempt to repair the Item or data and then further transmit the Item; c) process the Item as photocopies in lieu of originals; or d) return the data and Item to you unprocessed and charge back your account. We are not responsible for Items we do not receive or for images that may fail during transmission. An image of an Item shall be deemed received when you receive a confirmation in Mobile Banking that the image upload was successful. Receipt of such confirmation does not mean that the transmission was error free or complete. You agree to retain and safeguard the original Item for at least 14 days after you have transmitted the Item images. After 14 days have passed and you have verified that the funds associated with the Item have been added to your balance, you agree to prominently xxxx the item as "VOID" and properly dispose of or safekeep the Item to ensure that it is not represented for payment. You also agree that you will not use Mobile Check Deposit to deposit any Items that: a) are made payable to persons or entities other than you; b) contain obvious alterations on the front of the Item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the Item is drawn; c) were previously converted to a substitute item, as defined in Federal Reserve Regulation CC, or were otherwise cashed or deposited; d) are drawn on a financial institution located outside the United States; e) are remotely created checks, as defined in Federal Reserve Regulation CC; f) are not payable in United States currency or on a US financial institution; g) are payable to cash; h) are a US Savings Bond, money order, cashier's check, or travelers check; i) do not bear a signature of the person from whom the item is drawn or lack an issued date; j) are postdated or dated more than 6 months prior to the date of deposit; or k) are otherwise not acceptable under the terms of your Purdue Federal account or Agreements. You represent and warrant to us that: a) any image we receive accurately and legibly represents all of the information on the front and back of the original Item as originally drawn; b) the information you transmit to us corresponding to an Item contains a record of all applicable MICR-line (the set of numbers at the bottom of the check) information required for a substitute check and the accurateamount of the Item; c) the Item conforms to the technical standards for an Electronic Item set forth in Federal Reserve Board Regulation J, or Federal Reserve Bank operating circulars and for a substitute check set forth in Federal Reserve Board Regulation CC; d) the item has not previously been deposited and no person will receive a transfer, presentment, or return of, or otherwise be charged for, the Item (either the original Item, or a paper or electronic representation of the original Item) such that the person will be asked to make payment based on an Item it has already paid; e) you will not redeposit through Mobile Check Deposit any Item previously depositedand deposited and returned to you unless we advise you otherwise; f) you will employ reasonable security measures sufficient to protect the Item in transmission and storage; g) you will only transmit Items that originated as paper Items; h) you will follow our endorsement requirements by endorsing all Items with your signature and printing "For PFCU Mobile Deposit Only" below your signature, and; i) you will comply with all laws and regulations applicable to you in your useof Mobile Check Deposit and not use Mobile Check Deposit for any purpose prohibited by foreign exchange regulations, postal regulations or any other treaty, statute, regulation or authority. You agree to notify us of any suspected errors regarding items deposited through Mobile Check Deposit right away, and to notify us in no event later than 60 days after the applicable account statement is provided. Unless you notify us within 60 days, such statement regarding all deposits made through Mobile Check Deposit shall be deemed correct. In addition to the indemnities contained elsewhere, you agree to indemnify us for any loss or expense (including attorney's fees and expenses of litigation) resulting from: a) your breach of any of the warranties made by you pursuant to this Agreement; and b) any claim pertaining to any warranty or indemnity that we make with respect to an Item under the Check Clearing for the 21st Century Act, Federal Reserve Board Regulations CC and J and all other laws, regulations and industry and clearing house rules applicable to Items.