Processing of Checks Clause Samples
Processing of Checks. HSFCU reserves the right to reject or delay processing of any Check deposited through the Mobile Deposit Service. HSFCU is not required to inspect or verify the Check Image to determine its accuracy, legibility, quality, MICR information, or any other matter. HSFCU may contact the drawer of the Check to verify its validity, but HSFCU has no duty to do so. HSFCU may determine the method used to process, clear, present for payment, and collect the Check, and may select clearing agents, in HSFCU’s sole discretion. You agree to be bound by any clearinghouse agreements, operating circulars, image exchange agreements and other agreements to which HSFCU is a party.
Processing of Checks. 1. The COMPANY may view the status of the check/s transmitted through the Mobile Check Deposit Facility. The COMPANY shall be solely responsible for keeping itself informed of the status of the check/s transmitted through the BizLink Mobile App.
Processing of Checks. The COMPANY may view the status of the check/s transmitted through the Mobile Check Deposit Facility. The COMPANY shall be solely responsible for keeping itself informed of the status of the check/s transmitted through the BizLink Mobile App. The BANK may set and update from time to time the maximum check amount allowed for deposit and/or limit the number of allowed mobile check deposit transactions. The current maximum amount allowed for deposit per check is Php499,999.99. The COMPANY acknowledges that the processing of checks deposited through the Mobile Check Deposit Facility is subject to the prescribed cut-off time. Check Images transmitted through the BizLink Mobile App prior to the prescribed cut-off time shall be considered received as of and processed within the same banking day. Check Images transmitted through the BizLink Mobile App after the prescribed cut-off time shall be processed within the next two (2) banking days. The COMPANY shall safekeep the physical check/s deposited through the Mobile Check Deposit Facility for a period of one (1) year reckoned from the date presented for deposit, unless the BANK, drawee bank, and/or the regulators require the submission of the physical check in accordance with Section c(2) below. Where required by the BANK, drawee bank, and/or the regulators, the COMPANY shall, at its own expense, submit to the BANK (through the relevant branch of the Account) the physical check/s within five (5) days from the date required by the BANK. Where the COMPANY fails to produce the original check within said five (5)-day period, the COMPANY holds the BANK free and harmless and shall indemnify the BANK for any expense, loss or damage incurred by the BANK for the COMPANY’s failure to safekeep or submit the physical check/s, except as otherwise provided in Section 10 (Limitation of Liability/Indemnity).
Processing of Checks. HIFICU reserves the right to reject or delay processing of any check deposited through the Service. HIFICU is not required to inspect or verify the check image to determine its accuracy, legibility, quality, MICR information, or any other matter. HIFICU may contact the drawer of the check to verify its validity, but HIFICU has no duty to do so. HIFICU may determine the method used to process, clear, present for payment, and collect the check, and may select clearing agents, in HIFICU’s sole discretion. You agree to be bound by any clearinghouse agreements, operating circulars, image exchange agreements, and other arrangements to which HIFICU is a party.