Common use of Unacceptable Deposits Clause in Contracts

Unacceptable Deposits. You understand and agree that you will not deposit the following items using Mobile Deposit Services: Any third party check, i.e., any item that is made payable to another party and then endorsed to you by such party. Any item that is drawn on the same account in which the deposit is being made. Any item that contains evidence of alteration to the information on the check. Any check previously converted to a “substitute check”, as defined in Regulation CC. Any item issued to you by a financial institution in a foreign country. Any item that is “stale dated” more than six (6) months prior to the date of deposit. Any item that is “post dated” after the date of deposit. Any item stamped “nonnegotiable” (whether stamped in print or as a watermark). Any item that has been redeposited or returned such as “nonsufficient funds” or “refer to maker” or returned for any other reason. Any item that is incomplete. Cash.

Appears in 6 contracts

Samples: User Agreement, Banking User Agreement, User Agreement

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