Common use of Substitute Checks and Your Rights Clause in Contracts

Substitute Checks and Your Rights. What is a substitute check? To make check processing faster, federal law permits banks to replace original checks with “substitute checks”. These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of the substitute check states: “This is a legal copy of your check. You can use it the same way you would use the original check.” You may use the substitute check as proof of payment just like the original check.

Appears in 2 contracts

Samples: Membership Account Agreement, Membership Account Agreement

AutoNDA by SimpleDocs

Substitute Checks and Your Rights. What is a substitute check? To make check processing faster, federal law permits banks to replace original checks with “substitute checks”. These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of the substitute check states: “This is a legal copy of your check. You can use it the same way you would use the original check.” You may use the substitute check as proof of payment just like the original check.The

Appears in 2 contracts

Samples: Membership Account Agreement, Membership Account Agreement

Substitute Checks and Your Rights. What is a substitute check? To make check processing faster, federal law permits banks to replace original checks with “substitute checks”. These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of the substitute check states: states “This is a legal copy of your check. You can use it the same way you would use the original check.” You may use the substitute check as proof of payment just like the original check.

Appears in 1 contract

Samples: Consumer Membership Account Agreement

Substitute Checks and Your Rights. What is a substitute check? To make check processing faster, federal law permits banks and credit unions to replace original checks with “substitute checks”. These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of the substitute check states: “This is a legal copy of your check. You can use it the same way you would use the original check.” You may use the substitute check as proof of payment just like the original check.

Appears in 1 contract

Samples: Membership Account Agreement

Substitute Checks and Your Rights. What is a substitute check? To make check processing faster, federal law permits banks to replace original checks with “substitute checks”. .” These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of the substitute check states: “This is a legal copy of your check. You can use it the same way you would use the original check.” You may use the substitute check as proof of payment just like the original check.

Appears in 1 contract

Samples: Personal Deposit Account Agreement

AutoNDA by SimpleDocs

Substitute Checks and Your Rights. What is a substitute check? To make check processing faster, federal law permits banks to replace original checks with “substitute checks”. .” These checks are similar in size to original checks with a slightly reduced image of on the front and back of the original check. The front of the a substitute check states: “This is a legal copy of your check. You can use it the same way you would use the original check.” You may use the a substitute check as proof of payment just like the original check.

Appears in 1 contract

Samples: Electronic Access Agreement

Substitute Checks and Your Rights. What is a substitute checkSubstitute Check? To make check processing faster, federal law permits banks to replace original checks with “substitute checks”. These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of the a substitute check states: “This is a legal copy of your check. You can use it the same way you would use the original check.” You may use the a substitute check as proof of payment just like the original check.

Appears in 1 contract

Samples: Business Deposit Accounts Agreement

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