Common use of Processing Deposits Clause in Contracts

Processing Deposits. Upon Client or Courier’s delivery of a Bag to Bank or Provider, Bank or Provider is authorized to open the Bag and verify the contents, and to credit the contents thereof for the benefit of the designated account of Client. If no account is designated, Bank may credit the deposit for the benefit of any account of Client’s. If the contents of the Bag do not conform to the deposit ticket, Bank will credit only those contents as are found therein that are in compliance with this Service Description and the Supporting Documents. If the aggregate amount of the contents of any Bag, as counted by Bank or Provider, is less than that reported on the deposit slip covering that Bag, Bank will debit the Client’s account by such difference. Client agrees that the record of Bank or Provider as to the contents of the Bag opened by Bank or Provider, including the amount of any Cash contained therein, shall be conclusive evidence of the contents of the Bag. Client agrees that Bank or Provider may endorse checks processed for deposit in a manner chosen by Bank or Provider (for example, "Credit to the Account of the Within Named Payee," "Payment Accepted Without Prejudice," or "Absence of Endorsement Guaranteed"). Bank is not responsible for payor bank acceptance or rejection of the endorsements used. If appropriate after processing, Bank will deposit checks and Cash into Client’s account with Bank and make such funds available to Client in accordance with Bank’s funds availability policy. Bank shall make funds available to Client by credit to Client’s account, and Client remains obligated for all adjustments resulting from adjustments to Client’s account. Neither Bank or Provider will be deemed a bailee, and the risk of damage, loss or shortage is expressly assumed by Client, and Bank and Provider shall have no liability for any such damage, loss or shortage. A notice of any discrepancy between the contents of the Bag and the deposit ticket will be delivered or otherwise made available to Client. Bank reserves the right to return nonconforming items to Client and Client agrees that Bank may charge Client’s account for the return costs. Alternatively, and at Bank’s discretion, Bank may require Client to arrange to pick-up nonconforming items. Client agrees to hold Bank and Provider harmless for any loss or shortage, including that the contents of the Bag fail to conform to the accompanying deposit slip. Client recognizes that in following the instructions of Client, Bank or Provider may come into possession of items to which parties other than Bank may claim an interest. In that regard, Client hereby agrees to at all times to indemnify and hold Bank harmless from and against any and all claims, actions, whether groundless or otherwise, as well as from and against, any and all liabilities, losses, damages, judgments, costs, charges, attorneys’ fees, and any other expenses of every nature and character in any way related to the claims by any party or parties, whether by action or non-action, with respect to any item of any nature whatsoever, alleged or claimed to have been delivered to Bank or Provider by Client.

Processing Deposits. Upon Client or Courier’s delivery of a Bag to Bank or Provider, Bank or Provider is authorized to open the Bag and verify the contents, and to credit the contents thereof for the benefit of the designated account of Client. If no account is designated, Bank may credit the deposit for the benefit of any account of Client’s. If the contents of the Bag do not conform to the deposit ticket, Bank will credit only those contents as are found therein that are in compliance with this Service Description and the Supporting Documents. If the aggregate amount of the contents of any Bag, as counted by Bank or Provider, is less than that reported on the deposit slip covering that Bag, Bank will debit the Client’s account by such difference. Client agrees that the record of Bank or Provider as to the contents of the Bag opened by Bank or Provider, including the amount of any Cash contained therein, shall be conclusive evidence of the contents of the Bag. Client agrees that Bank or Provider may endorse checks processed for deposit in a manner chosen by Bank or Provider (for example, "Credit to the Account of the Within Named Payee," "Payment Accepted Without Prejudice," or "Absence of Endorsement Guaranteed"). Bank is not responsible for payor bank acceptance or rejection of the endorsements used. If appropriate after processing, Bank will deposit checks and Cash into Client’s account with Bank and make such funds available to Client in accordance with Bank’s funds availability policy. Bank shall make funds available to Client by credit to Client’s account, and Client remains obligated for all adjustments resulting from adjustments to Client’s account. Neither Bank or Provider will be deemed a bailee, and the risk of damage, loss or shortage is expressly assumed by Client, and Bank and Provider shall have no liability for any such damage, loss or shortage. A notice of any discrepancy between the contents of the Bag and the deposit ticket will be delivered or otherwise made available to Client. Bank reserves the right to return nonconforming items to Client and Client agrees that Bank may charge Client’s account for the return costs. Alternatively, and at Bank’s discretion, Bank may require Client to arrange to pick-up nonconforming items. Client agrees to hold Bank and Provider harmless for any loss or shortage, including that the contents of the Bag fail to conform to the accompanying deposit slip. Client recognizes that in following the instructions of Client, Bank or Provider may come into possession of items to which parties other than Bank may claim an interest. In that regard, Client hereby agrees to at all times to indemnify and hold Bank harmless from and against intended to alter or modify the responsibility for any and all claimsloss, actions, whether groundless shortage or otherwise, as well as from and against, any and all liabilities, losses, damages, judgments, costs, charges, attorneys’ fees, and any other expenses of every nature and character discrepancy set forth in any way related to the claims by any party or parties, whether by action or non-action, with respect to any item of any nature whatsoever, alleged or claimed to have been delivered to Bank or Provider by Clientthis Service Description.

Processing Deposits. Upon Client or the Courier’s delivery of a Bag to Bank Credit Union or Provider, Bank Credit Union or Provider is authorized to open the Bag and verify the contents, and to credit the contents thereof for the benefit of the designated account of ClientMember. If no account is designated, Bank Credit Union or Provider may credit the deposit for the benefit of any account of ClientMember’s. If the contents of the Bag do not conform to the deposit ticket, Bank Credit Union, or its Provider (as applicable) will credit only those contents as are found therein that are in compliance with this Service Description and the Supporting Documents. If the aggregate amount of the contents of any Bag, as counted by Bank Credit Union or Provider, is less than that reported on the deposit slip covering that Bag, Bank Credit Union will debit the ClientMember’s account by such difference. Client Member agrees that the record of Bank Credit Union or Provider as to the contents of the Bag opened by Bank Credit Union or Provider, including the amount of any Cash contained therein, shall be conclusive evidence of the contents of the Bag. Client Member agrees that Bank Credit Union or Provider may endorse checks processed for deposit in a manner chosen by Bank Credit Union or Provider (for example, "Credit to the Account of the Within Named Payee," "Payment Accepted Without Prejudice," or "Absence of Endorsement Guaranteed"). Bank Credit Union is not responsible for payor bank credit Union acceptance or rejection of the endorsements used. If appropriate after processing, Bank Credit Union or Provider will deposit checks and Cash into ClientMember’s account with Bank Credit Union and make such funds available to Client Member in accordance with BankCredit Union’s funds availability policy. Bank Credit Union shall make funds available to Client Member by credit to ClientMember’s account, and Client Member remains obligated for all adjustments resulting from adjustments to ClientMember’s account. Neither Bank Credit Union or Provider will be deemed a bailee, and the risk of damage, loss or shortage is expressly assumed by ClientMember, and Bank Credit Union and Provider shall have no liability for any such damage, loss loss, or shortage. A notice of any discrepancy between the contents of the Bag and the deposit ticket will be delivered or otherwise made available to ClientMember. Bank Credit Union reserves the right to return nonconforming items to Client Member and Client Member agrees that Bank Credit Union may charge ClientMember’s account for the return costs. Alternatively, and at BankCredit Union’s discretion, Bank Credit Union may require Client Member to arrange to pick-up nonconforming items. Client Member agrees to hold Bank Credit Union and Provider harmless for any loss or shortage, including that the contents of the Bag fail to conform to the accompanying deposit slip. Client Member recognizes that in following the instructions of ClientMember, Bank Credit Union or Provider may come into possession of items to which parties other than Bank Credit Union may claim an interest. In that regard, Client Member hereby agrees to at all times to indemnify and hold Bank Credit Union harmless from and against any and all claims, actions, whether groundless or otherwise, as well as from and against, any and all liabilities, losses, damages, judgments, costs, charges, attorneys’ fees, and any other expenses of every nature and character in any way related to the claims by any party or parties, whether by action or non-action, with respect to any item of any nature whatsoever, alleged or claimed to have been delivered to Bank Credit Union or Provider by ClientMember. Smart Safe Deposits Cash Deposits made to an approved smart safe (the “Safe”) allow you to receive provisional credit for currency placed into and validated by a smart safe. Currency placed into and validated by the Safe shall be referred to as “Safe Currency”. You agree that to be eligible for provisional credits, the Safe must be installed at a location designated and approved by us (“Safe Location”). Subject to cutoff times in this Smart Safe Deposits Section and other provisions contained in this Agreement, we may provide you with provisional credit for Safe Currency; such provisional credit will be subject to subsequent verification and/or adjustment by us at our designated branch or cash vault location (“Designated Location”). You agree that Safe Currency and non-currency items contained in the Safe legally remain in your possession until physically released to and accepted by us or our agent at the Designated Location.