Mobile Cheque Deposits. Where the service is made available to you, you may deposit eligible paper cheques and bank drafts to an eligible Account by taking a picture of the front and back of the cheque or bank draft with your mobile device and sending the image to us. You will only deposit a cheque or bank draft that is payable to you directly, in Canadian dollars, drawn on a Canadian financial institution. We do not accept cheques or bank drafts that are payable to someone else and endorsed to you. You will only deposit the cheque or bank draft to a Canadian dollar Account. The cheque or bank draft must be in the standard format approved by Payments Canada. Your image must include all information we require including the date, drawee institution, payee, amount in words and figures, signature of the payor, cheque number, and magnetic ink character recognition information. All of the information must be legible in the image. You will only create images from the original cheque or bank draft. You will not deposit a cheque or bank draft that is post-dated, stale-dated, or altered in any way, or that has previously been deposited. You will endorse the cheque or bank draft on the back before deposit. Your cheque or bank draft is considered received by us when you receive a successful ‘deposit complete’ message. Funds will then appear in your Account, but any of our policies to hold funds may apply. When the deposit is completed, you will write “deposited” across the front of the cheque or bank draft. You will not attempt to redeposit or negotiate the cheque or bank draft. You will keep the cheque or bank draft for 90 days and provide it or a replacement image to us if we ask for it. You will destroy the cheque or bank draft within 30 days after the 90-day period. We may set limits and change the limits on the number and amount of deposits. Service fees may apply. When you create an image, you are acting as our agent for the limited purpose of creating the image. You will not delegate this role to anyone else. Any image that you create will be treated for legal purposes just as if we had created the image. Each image we accept will be treated as an eligible bill under the Bills of Exchange Act (Canada) and each image is subject to the applicable Payments Canada rules. We may from time to time impose additional rules governing the cheques and bank drafts we accept and your use. Each image we receive will have the same effect as if the original cheque or bank draft was delivered to a bra...
Mobile Cheque Deposits. Where the service is made available to the Customer, the Customer may deposit eligible paper cheques and bank drafts to an eligible Account by taking a picture of the front and back of the cheque or bank draft with their mobile device and sending the image to the Bank. The Customer will only deposit a cheque or bank draft that is payable to them directly, in Canadian dollars, drawn on a Canadian financial institution. The Bank does not accept cheques or bank drafts that are payable to someone else and endorsed to the Customer. The Customer will only deposit the cheque or bank draft to a Canadian dollar Account. The cheque or bank draft must be in the standard format approved by Payments Canada. The Customer’s image must include all information the Bank requires including the date, drawee institution, payee, amount in words and figures, signature of the payor, cheque number, and magnetic ink character recognition information. All of the information must be legible in the image. The Customer will only create images from the original cheque or bank draft. The Customer will not deposit a cheque or bank draft that is post-dated, stale-dated, or altered in any way, or that has previously been deposited. The Customer will endorse the cheque or bank draft on the back before deposit. The Customer’s cheque or bank draft is considered received by the Bank when the Customer receives a successful ‘deposit complete’ message. Funds will then appear in their Account, but any Bank policy to hold funds may apply. When the deposit is completed, the Customer will write “deposited” across the front of the cheque or bank draft. The Customer will not attempt to redeposit or negotiate the cheque or bank draft. The Customer will keep the cheque or bank draft for 90 days, and provide it or a replacement image to the Bank if the Bank asks for it. The Customer will destroy the cheque or bank draft within 30 days after the 90-day period. The Bank may set limits and change the limits on the number and amount of deposits. Service fees may apply. When the Customer creates an image, the Customer is acting as the Bank’s agent for the limited purpose of creating the image. The Customer will not delegate this role to anyone else. Any image that the Customer creates will be treated for legal purposes just as if the Bank had created the image. Each image the Bank accepts will be treated as an eligible xxxx under the Bills of Exchange Act (Canada) and each image is subject to the applicable Pay...
Mobile Cheque Deposits. 4.1 Where available, the Mobile Cheque Deposit feature will allow you to make deposits by capturing an image of the front and back of a cheque that’s payable to you, then delivering the images and associated deposit information directly and securely to us. We’ll send you an SMS notification as soon as we can to let you know if we’ve accepted or rejected the deposit. Additional information can be found in the frequently asked questions, and your Product Conditions also apply, both of which you can find on our websites.
4.2 If you’ve deposited your cheque using a Banking App before 17:00 on a Business Day, the deposit will be available by 23:59 on the next Business Day (provided the payer has enough funds available to honour the cheque). Where any cheque deposited into your account takes place after 17:00 on any Business Day or at any time on a day which is not a Business Day, it may not be processed until the following Business Day. In these circumstances, the following Business Day shall be treated as the date of deposit.
