Common use of Remotely Created Checks Clause in Contracts

Remotely Created Checks. If the Electronic Check Transaction involves a remotely-created check, we reserve the right to accept or reject the item for deposit into any of your accounts. If you deposit a remotely-created check into any of your accounts, you represent and warrant to us that you have instituted procedures to ensure that these drafts are authorized by the person on whose account the remotely-created check is drawn in the amount stated on the check and to the payee stated on the check. If a remotely-created check which you have deposited into your account is returned by the drawee-payor bank for any reason, you agree that we may debit your account for the amount of the item, plus any applicable fees. If the debit causes your account to be overdrawn, you agree to pay the overdrawn amount on our demand. For purposes of this Agreement, the term “remotely-created check” means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.

Appears in 3 contracts

Samples: Member Account Agreements and Disclosures, Member Account Agreements and Disclosures, Member Account Agreement

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Remotely Created Checks. If the Electronic Check Transaction involves a remotely-created check, we reserve the right to accept or reject the item for deposit into any of your accountsAccounts. If you deposit a remotely-created check into any of your accountsAccounts, you represent and warrant to us that you have instituted procedures to ensure that these drafts are authorized by the person on whose account the remotely-created check is drawn in the amount stated on the check and to the payee stated on the check. If a remotely-created check check, which you have deposited into your account Account, is returned by the drawee-payor bank for any reason, you agree that we may debit your account Account for the amount of the item, plus any applicable fees. If the debit causes your account Account to be overdrawn, you agree to pay the overdrawn amount on our demand. For purposes of this Agreement, the term “remotely-created check” means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.

Appears in 1 contract

Samples: Account Agreement

Remotely Created Checks. If the Electronic Check Transaction involves a remotely-remotely created check, we reserve the right to accept or reject the item for deposit into any of your accounts. If you deposit a remotely-created check into any of your accounts, you represent and warrant to us that you have instituted procedures to ensure that these drafts are authorized by the person on whose account the remotely-created check is drawn in the amount stated on the check and to the payee stated on the check. If a remotely-remotely created check check, which you have deposited into your account account, is returned by the drawee-payor bank for any reason, you agree that we may debit your account for the amount of the item, plus any applicable fees. If the debit causes your account to be overdrawn, you agree to pay the overdrawn amount on our demand. For purposes of this Agreement, the term “remotely-created check” means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.

Appears in 1 contract

Samples: Account Agreement

Remotely Created Checks. If the Electronic Check Transaction involves a remotely-remotely- created check, we you reserve the right to accept or reject the item for deposit into any of your accountsmy Accounts. If you I deposit a remotely-created check into any of your accountsmy Accounts, you I represent and warrant to us you that you I have instituted procedures to ensure that these drafts are authorized by the person on whose account the remotely-created check is drawn in the amount stated on the check and to the payee stated on the check. If a remotely-created check which you I have deposited into your account my Account is returned by the drawee-payor bank for any reason, you I agree that we you may debit your account my Account for the amount of the item, plus any applicable fees. If the debit causes your account my Account to be overdrawn, you I agree to pay the overdrawn amount on our your demand. For purposes of this Agreement, the term “remotely-remotely- created check” means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn. Right to Receive Documentation of Transaction.

Appears in 1 contract

Samples: Account Agreement

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Remotely Created Checks. If the Electronic Check Transaction involves a remotely-created check, we you reserve the right to accept or reject the item for itemfor deposit into any of your my accounts. If you I deposit a remotely-created check into any of your my accounts, you I represent and warrant to us you that you I have instituted procedures to ensure that these drafts are authorized by the person on whose account the remotely-created check is drawn in the amount stated on the check and to the payee stated on the check. If a remotely-remotely- created check check, which you I have deposited into your account my account, is returned by the drawee-payor bank for any reason, you I agree that we you may debit your my account for the amount of the item, plus any applicable fees. If the debit causes your my account to be overdrawn, you I agree to pay the overdrawn amount on our your demand. For purposes of this Disclosure and Agreement, the term “remotelyterm“remotely-created check” means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn. Right to Receive Documentation of Transactions.

Appears in 1 contract

Samples: Electronic Services Disclosure Agreement

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