Common use of Postdated Checks Clause in Contracts

Postdated Checks. Unless you provide us with a written postdated check notice that describes a postdated check with reasonable certainty, we may pay any check presented to us before the date stated on the check. Your notice must include the exact amount (dollars and cents), account number, check number, date of check and the name of payee. If you provide us with a postdated check notice in a time and in a manner which affords us a reasonable opportunity to act on it, we will not pay the item and may return it (marked “payment stopped”, “postdated” or otherwise) if it is presented to us prior to the date indicated in the order (up to six months from the date of the notice). After six months, a notice is no longer effective and must be renewed. We may impose a fee for each notice. If we re-credit your account after paying a postdated check over a valid and timely postdated check notice, you agree to transfer to us all of your related rights against the payee or other holder of the check, and to assist us in any legal action we take against that person.

Postdated Checks. Unless you provide us your Branch of account with a written postdated check notice that describes a postdated check with reasonable certainty, we may pay any the check presented to us before the date stated on the check. Your notice must include the exact amount (dollars and cents), account number, check number, date of check and the name of payee. If you provide us with a postdated check notice in a time and in a manner which affords us a reasonable opportunity to act on it, we will not pay the item and may return it (marked “payment stopped”, “postdated” or otherwise) if it is presented to us prior to the date indicated in the order (up to six months from the date of the notice). After six months, a notice is no longer effective and must be renewed. We may impose a fee for each notice. If we re-credit your account after paying a postdated check over a valid and timely postdated check notice, you agree to transfer to us all of your related rights against the payee or other holder of the check, and to assist us in any legal action we take against that person.

Postdated Checks. Unless you provide us your branch of account with a written postdated check notice order that describes a postdated check with reasonable certainty, we may pay any or return the check presented to us at our discretion before the date stated on the check. Your notice order must include the exact amount (dollars and cents), account number, check number, date of check and the name of payee. If you provide us with a postdated check notice order in a time and in a manner which affords us a reasonable opportunity to act on it, we will not pay the item and may return it (marked “payment stopped”, “postdated” or otherwise) if it is presented to us prior to the date indicated in the order (up to six months from the date of the noticeorder). After six months, a notice an order is no longer effective and must be renewed. We may impose a fee for each noticeorder. If we re-credit your account after paying a postdated check over a valid and timely postdated check notice, you agree to transfer to us all of your related rights against the payee or other holder of the check, and to assist us in any legal action we take taken against that person. You further agree that if we pay an item subject to a valid and timely postdated order, our liability is limited to the actual loss suffered up to the amount of the item and that we are not liable for any incidental, special or consequential damages.

Postdated Checks. Unless you provide us your branch of account with a written postdated check notice that describes a postdated check with reasonable certainty, we may pay any or return the check presented to us before the date stated on the checkat our discretion. Your notice must include the exact amount (dollars and cents), account number, check number, date of check and the name of payee. If you provide us with a postdated check notice in a time and in a manner which affords us a reasonable opportunity to act on it, we will not pay the item and may return it (marked “"payment stopped”", “"postdated” " or otherwise) if it is presented to us prior to the date indicated in the order (up to six months from the date of the notice). After six months, a notice is no longer effective and must be renewed. We may impose a fee for each notice. If we re-credit your account after paying a postdated check over a valid and timely postdated check notice, you agree to transfer to us all of your related rights against the payee or other holder of the check, and to assist us in any legal action we take against that person.