Processing of Deposits. We reserve, to the extent permitted by law, the right to reverse all credits and to make corrections and adjustments to your account (including corrections and adjustments for errors that are reflected on deposit tickets or receipts). We reserve the right to refuse to accept particular deposits, including the deposit of items on which endorsements are obscured or on which restrictive endorsements are missing, which we otherwise have reason to question. If you are permitted to pre-encode items, you agree not to use carrier documents (items placed inside envelopes) in high speed forward or return cash letters. If you do so, you will be responsible for all related losses and claims. You may not deposit “substitute checks” (as defined in the federal Check Clearing for the 21st Century Act) or checks bearing a substitute check legal equivalence statement (such as “This is a legal copy of your check. You can use it in the same way as you would use the original check.”) unless we have otherwise agreed in writing. Unless we agree otherwise in writing, our acceptance of such checks shall not obligate us to accept such items at a later time, and we may cease doing so without prior notice. If you submit images or data to us, you: (i) shall limit submissions to items which are eligible for such processing (for example, you may not submit savings bonds, foreign checks or checks in carrier documents in this manner); (ii) are responsible to assure that each file you transmit to us accurately reflects the items referenced therein (including all MICR line information), contains the information we need to produce a substitute check in compliance with Regulation CC, and identifies the bank of first deposit in the twenty-six (26) record, (and you understand that scanned checks are subject to return and adjustment if they do not satisfy applicable image quality acceptance standards); (iii) further understand that we are not responsible for detecting errors in the files or data that you transmit to us, information which duplicated information you previously provided to us or that contains information with respect to checks that you have previously transferred to, deposited with or attempted to clear through us or a third party to make payment based on, the checks reflected in the files you transmit to us; (iv) shall assure that the images you create accurately represent all of the information on the front and back of your checks, including all endorsements; (v) shall not alter ...
Processing of Deposits. Client shall supply and utilize serialized, tamper-proof bags to be used for delivery of its vault deposits. Client shall place checks, coin, and currency for deposit in a bag with a completed deposit slip for the Account. The Bank is not responsible for the Bag or its contents until accepted at the Bank branch or designated vault location. Deposits will be receipted, and provisional credit assigned (subject to verification), based on the amount identified on the deposit ticket, and in accordance with the terms of Client’s Accounts. • Deposits that do not contain legible “said to contain” deposit amounts on the deposit ticket are subject to delayed ledger credit of one Business Day; • Deposits that do not contain a deposit slip are subject to immediate rejection and return by Bank to Client or if accepted by request of the Client, the count performed by Bank will stand as final verification of thedeposit; • Coin and currency will be counted, and Bank’s count will be the valid and controlling count; • If Bank's count varies from Client's count, a credit or debit adjustment will be made to the Account for the difference, and upon request, Bank will provide Client with any available information reasonably related to assisting Client in the reconciliation of the difference; • Crediting and availability of all Check deposits is subject to the terms of Client’s Account Agreements; and • Client shall be responsible for any foreign coin or currency items, slugs, tokens, counterfeit items, or other items that are not valid U.S. coin or currency.
Processing of Deposits. Select (Bank Use Only) Type of Deposit Availability SMART Safe with Advance Credit Product: Provisional Credit Upon Bank’s receipt of Deposit Report transmission SMART Safe Product : standard Upon Verification Bagged Deposit: Provisional Credit Upon Vault’s receipt of Deposit Report Bagged Deposit: standard (w/o coin) Upon Verification Bagged Deposit: late (w/o coin) Upon Verification N/A Other Items* N/A
Processing of Deposits
