Common use of Mobile Remote Deposit Capture Clause in Contracts

Mobile Remote Deposit Capture. The Account gives you access to the Mobile Remote Deposit Capture Service (“MRDC”). You may remotely deposit check funds made out to you as the payee into your Account by choosing the mobile check capture icon in the App. The MRDC process requires you to submit an image of the check, enter the U.S. dollar amount of the check, and endorse the check as directed. MRDC is provided by a third-party money transfer service provider. To use MRDC, you must agree to the service provider’s terms and conditions which are not part of the Agreement. The service provider may amend the terms and conditions from time to time. The terms and conditions may include fees for using MRDC. Any MRDC fees will be charged by the service provider. The MRDC terms and conditions, including any applicable fees, will be provided to you and you must read and accept them when you sign up for MRDC. Any limits or fees will be determined by the service provider. You will be notified about any fee to be charged for a particular remote capture before you authorize the capture. Generally, you will not have access to the money you deposit using MRDC until the check has cleared the third party. The check clearing process typically takes seven (7) business days, however it may take up to ten (10) business days. The service provider may offer immediate funds availability for a fee.

Mobile Remote Deposit Capture. The Account gives you access to the Mobile Remote Deposit Capture Service (“MRDC”). You may remotely deposit check funds made out to you as the payee into your Account by choosing the mobile check capture icon in the Appmobile application. The MRDC process requires you to submit an image of the check, enter the U.S. dollar amount of the check, and endorse the check as directed. MRDC is provided by a third-party money transfer service provider. To use MRDC, you must agree to the service provider’s terms and conditions which are not part of the Agreement. The service provider may amend the terms and conditions from time to time. The terms and conditions may include fees for using MRDC. Any MRDC fees will be charged by the service provider. The MRDC terms and conditions, including any applicable fees, will be provided to you and you must read and accept them when you sign up for MRDC. Any limits or fees will be determined by the service provider. You will be notified about any fee to be charged for a particular remote capture before you authorize the capture. Generally, you will not have access to the money you deposit using MRDC until the check has cleared the third party. The check clearing process typically takes seven (7) business days, however it may take up to ten (10) business days. The service provider may offer immediate funds availability for a fee.