Common use of Returned Checks and Claims Clause in Contracts

Returned Checks and Claims. If a Check is returned unpaid to us for any reason, we may return it to you in the form of a Substitute Check. If you decide to redeposit the returned item, you may only redeposit the Substitute Check; you may not deposit the original Check. If the drawee of a Check or another third party makes a claim against us or seeks a recredit with respect to any Check processed through this Service, we may provisionally freeze or hold aside a like amount in your Account pending our investigation and resolution of the claim. We may also charge your Account for any item that is returned, whether or not the return is timely or proper.

Returned Checks and Claims. If a Check an item is returned unpaid to us for any reason, we may return it to you in the form of a Substitute Check. If you decide to redeposit the returned item, you may only redeposit the Substitute Check; you may not deposit the original Check. If the drawee of a Check or another third party makes a claim against us or seeks a recredit with respect to any Check processed through this Service, we may provisionally freeze or hold aside a like amount in your Account account pending our investigation and resolution of the claim. We may also charge your Account account for any item that is returned, whether or not the return is timely or proper.