Common use of Retention and Disposal of Transmitted Items Clause in Contracts

Retention and Disposal of Transmitted Items. Upon your receipt of a confirmation from WCU that we have received the image of an item, you agree to prominently xxxx the item as “Electronically Presented” or “MCD and the date” to ensure that it is not re-presented for payment. · You agree to securely store each original check that you deposit using the Services for a period of at least sixty (60) days after transmission to us. After sixty (60) days and no later than ninety (90) days after you transmit the original check, you will safely destroy the original check. · You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. · You agree never to re-present the check for deposit. · You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to WCU as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 2 contracts

Samples: Mobile Check Deposit User Agreement, Mobile Check Deposit User Agreement

AutoNDA by SimpleDocs

Retention and Disposal of Transmitted Items. Upon your receipt of a confirmation from WCU the Bank that we have received the image of an item, you agree to prominently xxxx the item as “Electronically Presented” or “MCD RDC and the date” to ensure that it is not re-presented for payment. · You agree to securely store each original check that you deposit using the Services for a period of at least sixty thirty (6030) days after transmission to us. After sixty thirty (6030) days and no later than ninety sixty (9060) days after you transmit the original check, you will safely destroy the original check. · You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. · You agree never to re-present the check for deposit. · You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to WCU the Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Mobile Remote Deposit Capture Agreement

Retention and Disposal of Transmitted Items. Upon your receipt of a confirmation from WCU that we have received the image of an item, you  You agree to prominently xxxx properly endorse the item check on the back as “Electronically Presented” or “MCD it appears on the Payable to line and the date” to ensure that it is not re-presented for payment. · words FOR RAILROAD & INDUSTRIAL FEDERAL CREDIT UNION (RIFCU) MOBILE DEPOSIT ONLY are required  You agree to securely store each original check that you deposit using the Services these services for a period of at least sixty (60) days after transmission to usdays. After sixty (60) days and no later than ninety (90) days after you transmit the original check, you will safely destroy the original check. ·  You agree to never re-present a check for deposit  You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. · checks  You agree never to re-present the check for deposit. · You will promptly provide any retained check, or a sufficient copy of the front and back of the check, check to WCU us as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of us with the check requested, you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Mobile Banking Agreement

Retention and Disposal of Transmitted Items. Upon your receipt of a confirmation from WCU that we have received the image of an item, you agree to prominently xxxx mark the item as “Electronically Presented” or “MCD and the date” to ensure that it is not re-presented for payment. · You agree to securely store each original check that you deposit using the Services for a period of at least sixty (60) days after transmission to us. After sixty (60) days and no later than ninety (90) days after you transmit the original check, you will safely destroy the original check. · You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. · You agree never to re-present the check for deposit. · You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to WCU as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Mobile Check Deposit User Agreement

AutoNDA by SimpleDocs

Retention and Disposal of Transmitted Items. Upon your receipt of a confirmation from WCU the Bank that we have received the image of an item, you agree to prominently xxxx mark the item as “Electronically Presented” or “MCD RDC and the date” to ensure that it is not re-presented for payment. · You agree to securely store each original check that you deposit using the Services for a period of at least sixty thirty (6030) days after transmission to us. After sixty thirty (6030) days and no later than ninety sixty (9060) days after you transmit the original check, you will safely destroy the original check. · You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. · You agree never to re-present the check for deposit. · You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to WCU the Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Mobile Remote Deposit Capture Agreement

Retention and Disposal of Transmitted Items. Upon your receipt of a confirmation from WCU NOVA CREDIT UNION that we have received the image of an item, you agree to prominently xxxx mark the item as “Electronically Presented” or “MCD RDC and the date” to ensure that it is not re-presented for payment. · You agree to securely store each original check that you deposit using the Services for a period of at least sixty (60) days after transmission to us. After sixty (60) days and no later than ninety (90) days after you transmit the original check, you will safely destroy the original check. · You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. · You agree never to re-present the check for deposit. · You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to WCU NOVA CREDIT UNION as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Remote Deposit Capture User Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!