Common use of Unacceptable Deposits Clause in Contracts

Unacceptable Deposits. You agree that you will not use the Services to photograph and deposit any checks or other items as shown below: • Checks or items payable to any person or entity other than you. • Checks or items drawn or otherwise issued by you or any other person on any of your accounts or any account on which you are an authorized signer or joint account holder. • Checks or items containing obvious alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. • Checks payable to a business attempting to deposit to a personal account, even if you are the business owner. • Checks or items previously converted to a substitute check, as defined in Reg CC. • Checks or items drawn on a financial institution located outside the United States. • Checks or items that are remotely created checks, as defined in Reg CC. • Checks or items not payable in United States currency. • Checks or items dated more than 6 months prior to the date of deposit. • Checks or items prohibited by Cochise Credit Union’s current procedures relating to the Services or which are otherwise not acceptable under the terms of your Cochise Credit Union account. • To ensure that endorsements can be easily read and imaged, the standard requires that all endorsements preferably be applied to original checks in black or blue pen ink. • Money Orders may not be accepted and may not be approved for deposit. • Any checks that are printed in light ink and do not reproduce a clear image will not be approved. • Checks made payable to more than one party (including tax refund checks and other government checks), unless deposited into an account in the name of all payees. • Checks that are posted-dated after the date of deposit. • Checks that have previously been submitted through Mobile Deposit or through a remote deposit capture service offered at any other financial institution. • Checks stamped “non-negotiable” (whether stamped in print or as a watermark). • Checks that have been re-deposited or returned such as “non-sufficient funds” or “refer to maker” or returned for any other reason. Deposits of this nature may result in the immediate termination of Mobile Deposit.

Unacceptable Deposits. You understand and agree that you will not use the Services Mobile Deposit to photograph and deposit any checks or other items as shown belowdeposit: • Checks or items payable to any person or entity party other than you. the party that owns the account the check is being deposited to • Any third-party check, i.e., any item made payable to another party and then endorsed to you by that party • Checks or items drawn or otherwise issued by you or any other person on any containing evidence of your accounts or any account on which you are an authorized signer or joint account holder. • Checks or items containing obvious alteration to any of the fields information on the front of the check or itemcheck, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. • Checks payable to a business attempting to deposit to a personal account, even if you are the business owner. • Checks or items previously converted to a substitute check, as defined in Reg CC. • Checks or items drawn on a financial institution located outside the United States. • Checks or items that are remotely created checks, as defined in Reg CC. • Checks or items not payable in United States currency. • Checks or items dated more than 6 months prior to the date of deposit. • Checks or items prohibited by Cochise Credit Union’s current procedures relating to the Services or which are otherwise not acceptable under the terms of your Cochise Credit Union account. • To ensure that endorsements can be easily read and imaged, the standard requires that all endorsements preferably be applied to original checks in black or blue pen ink. • Money Orders may not be accepted and may not be approved for deposit. • Any checks that are printed in light ink and do not reproduce a clear image will not be approved. • Checks made payable to more than one party (including tax refund checks and other government checks), unless deposited into an account in the name of all payeespayees • Checks previously converted to a “substitute check,” as defined in Reg. CC • Checks drawn on or payable through a financial institution located outside the United States • Checks not payable in United States currency • Checks dated more than 6 months prior to the date of deposit • Checks that are posted-dated after the date of deposit. deposit • Checks with any endorsement on the back other than that specified in this Agreement • Checks that have previously been submitted through Mobile Deposit or through a remote deposit capture service offered at any other financial institution. institution • Checks drawn on your personal account at the Credit Union • Checks stamped “non-negotiable” (whether stamped in print or as a watermark). ) • Checks that have been re-deposited or returned such as “non-sufficient funds” or “refer to maker” or returned for any other reason. reason • Any item that is incomplete • Savings Bonds • Any item with a qualified endorsement (example: without recourse, Xxxx Xxx) • Any item with a conditional endorsement (example: pay to the order of Xxxx Xxx, when car is fixed) Deposits of this nature may result in the immediate termination of Mobile Deposit.