Postdated and Stale Dated Checks. We may pay any check without regard to its date unless you notify us of a postdating. The notice must be given to us in time so that we can notify our employees and reasonably act upon the notice and must accurately describe the check, including the exact number, date, and amount. You understand that the exact information is necessary for the Credit Union’s computer to identify the check. We are not responsible if you give us an incorrect or incomplete description, or untimely notice. You may make an oral notice which lapses in fourteen (14) calendar days unless confirmed in writing. A written notice is etfective for six (6) months and may be renewed in writing from time to time. You agree not to deposit checks, drafts, or other items before they are properly payable. We are not obligated to pay any check drawn on your account which is presented more than six (6) months past its date.
Postdated and Stale Dated Checks. We may honor any draft without consideration of the date. We will honor your written request not to pay a postdated check until the date on the check, but only if such written request is received prior to the check being presented to FPCU. We are not required to honor any check drawn on your account that is presented more than six months beyond the date of the check.
Postdated and Stale Dated Checks. We may pay any check without regard to its date unless you notify us of a postdating. The notice must be given to us in time so that we can notify our employees and reasonably act upon it. The notice must accurately describe the check, including the exact number, date and amount. You understand that the exact information is necessary for the Credit Union’s computer to identify the check. We are not responsible if you give us an incorrect or incomplete description or untimely notice. You may make an oral notice which lapses in fourteen (14) calendar days unless confirmed in writing. The Fee for a Notice of Postdating is the same as the fee for a Stop Payment Order; please refer to our Fee Schedule for the amount of the fee. A written notice is effective for six (6) months and may be renewed in writing from time to time. You agree not to deposit checks, drafts, or other items before they are properly payable. We are not obligated to pay a check drawn on your account that is presented more than six (6) months past its date.
Postdated and Stale Dated Checks. A postdated check is a check that displays a date later than the date on which the check is written. For example, if you write a check on January 1st but place a date of January 7th on the actual item, the check has been postdated. You authorize us to accept and pay any check, even if the check is presented before its date, unless you notify the credit union of the postdating. The credit union must have a reasonable time to act and you must accurately describe the check, including the number, date and amount and payee of the item for the credit union’s system to properly identify the item. The credit union will not be responsible for paying the item before the date stated if you fail to provide proper or incomplete notification. A stale-dated check is a check that is presented for payment more than six (6) months after its payment date. The credit union is under no obligation to you to pay a check that is drawn on your account which is presented more than six (6) months after its date.
Postdated and Stale Dated Checks. A postdated check is a check that displays a date later than the date on which the check is written. For example, if you write a check on January 1st but place a date of January 7th on the actual item, the check has been postdated. You authorize us to accept and pay any check, even if the check is presented before its date, unless you notify the credit union of the postdating. The credit union must have a reasonable time to act and you must accurately describe the check, including the number, date and amount and payee of the item for the credit union’s system to properly identify the item. The credit union will not be responsible for paying the item before the date stated if you fail to provide proper or incomplete notification. A stale-dated check is a check that is presented for payment more than six (6) months after its payment date. The credit union is under no obligation to you to pay a check that is drawn on your account which is presented more than six (6) months after its date. EXAMINATION OF CHECKS – As stated earlier, checks are processed automatically relying on the information encoded in magnetic ink along the bottom of the items. As such, the process prevents us from examining every check for restrictive legends or special instructions. Examples of restrictive legends include “void after 90 days”, “not valid for more than $500” or “two signatures required”. Due to the automatic processing, we are not required to honor any restrictive legend on checks you write. We are not responsible for any losses, claims, damages or expenses that result from your placement of these restrictive legends on your checks. You further agree the credit union does not fail to exercise ordinary care in paying an item solely because its process does not provide for sight examination of items. REMOTELY CREATED CHECKS/ELECTRONIC CHECK TRANSACTIONS – A remotely created check, preauthorized draft or demand draft can be used as a payment method from your account similar to a typical check or share draft. However, a key difference between a typical check or share draft and a remotely created check is the signature. A remotely created check does not contain your signature. A remotely created check typically bears a statement that the draft was authorized by you or has your name printed on the signature line. Remotely created checks are usually created in response to a telephone solicitation in which your account number and the credit union’s routing and transit number are gi...
Postdated and Stale Dated Checks. If you write a check that is dated in the future and the check is presented for payment before the date of the check, we may pay it or return it unpaid. If we pay the check, it will be posted to your account on the date we pay it, even though the posting date is prior to the date of the check. We are not responsible for any loss to you in doing so. If you do not want us to pay the check, you must submit a Stop Payment Order (see section below). If you deposit checks or other items before they are properly payable, we may credit your account or return it. We are not responsible for any loss to you in doing so. The Credit Union is under no obligation to pay a stale dated check, which is a check drawn on your account that is presented more than six months after its date. However, we may pay the check unless you have placed an efective Stop Payment Order on it.
Postdated and Stale Dated Checks. Postdated checks that in the Bank’s opinion would not be paid on presentation, and checks dated six (6) months or more prior to the date they are collected from the Lockbox.
Postdated and Stale Dated Checks. We may pay any check without regard to its date unless you notify us of a postdating or stale- dated check. The notice must be given to us in time so that we can notify our employees and reasonably act upon the notice and must accurately describe the check, including the exact number, date and amount. You understand that the exact information is necessary for the Credit Union’s computer to identify the check. We are not responsible if you give us an incor- rect or incomplete description or untimely notice. You may give us an oral or written notice and this is effective for six (6) months and must be renewed in written form. You agree not to deposit checks or other items before they are properly payable. We are not obligated to pay checks drawn on your account, which are presented more than six (6) months past the check date.
Postdated and Stale Dated Checks. We may pay any check without regard to its date unless you notify us of a postdating. The notice must be given to us in time so that we can notify our employees and reasonably act upon it. The notice must accurately de- scribe the check, including the exact number, date and amount. You understand that the exact information is necessary for the Credit Union’s computer to identify the check. We are not responsible if you give us an incorrect or incomplete description or untimely no- xxxx. You may make an oral notice which lapses in fourteen (14) calendar days unless con- firmed in writing. A written notice is effective for six (6) months and may be renewed in writing from time to time. You agree not to deposit checks, check or other items before they are properly payable. We are not obligated to pay a check drawn on your account that is presented more than six (6) months past its date.
Postdated and Stale Dated Checks. You agree not to draw or issue any draft that is postdated. If you do draw or issue a draft that is payable on a future date, we shall have no liability if we pay it before its payment date. You agree not to deposit drafts, checks, or other items before they are properly payable. We are not obligated to pay any check or draft drawn on your account, which is presented more than six (6) months past its date. If, however, the draft/check is paid, the Credit Union shall have no liability for such payment.
