Common use of Not Covered Clause in Contracts

Not Covered. This Service does not cover an Item the Bank has already cashed, negotiated or paid, or which the Bank is already committed to honor or pay under applicable laws, regulations or rules governing such items. In addition, you understand that the Service may not identify altered, counterfeit or duplicate checks or checks with forged or unauthorized signatures. As such, you agree to review promptly all statements, returned checks, reports, and other check and transaction information we make available to you.