Stale and Post. Dated Checks. If a check dated more than six (6) months ago (i.e., a stale check) is presented for payment against your Account, SoFi Bank reserves the right, at its discretion, to pay the check upon presentment and deduct funds from your Account, notwithstanding that the check is stale. If a check bearing a date in the future (i.e., a post‐dated check) is presented for payment against your Account prior to the date of the check, SoFi Bank reserves the right, at its discretion, to pay the check upon presentment and deduct funds from your Account, notwithstanding that the check bears a date in the future. If you do not want us to pay a stale or post‐dated check you may request that a stop‐payment order be placed on any such checks by contacting SoFi Bank as described above. You otherwise agree to release SoFi Bank and any SoFi Third‐Party Partners including any of their affiliates, directors, officers, employees, agents, or contractors, from loss, damage or other liability related to honoring, or refusing to honor, a stale or post‐ dated check and to indemnify and hold harmless SoFi Bank and any SoFi Third‐Party Partner, including any of their affiliates, directors, officers, employees, agents, or contractors, from any costs or claims associated with decisions to honor, or refusing to honor such checks.
Appears in 3 contracts
Samples: Bank Deposit Account Agreement, Bank Deposit Account Agreement, Bank Deposit Account Agreement
