Check Issue File definition

Check Issue File means a record in an electronic readable format provided by the Customer to Bank and describing checks drawn by the Customer; the check details contained within the Check Issue File (for example, the check number) constitute Customer’s acceptance criteria for payment of the check.

Check Issue File means a file that includes information about all Checks that you have issued against your Treasury Account(s).

Check Issue File means a record describing checks drawn by Customer on an Authorized Account and provided by Customer to Bank in accordance with Section 2.2.

Examples of Check Issue File in a sentence

• Exception Checks presented to the Bank that do not appear on or match to the Check Issue File are identified, presented to the Customer and must be “decisioned” each day.

• In reliance on the payee information provided by Customer, Bank will compare the payee information on the Item with Customer’s Check Issue File for Items presented or deposited at Bank.

• Customer agrees to send the Check Issue File in accordance with Bank’s specifications.

• Customer shall supply Bank with a sample Check Issue File for testing.

• Customer can send Check Issue File through Business Online Banking.

• Each Business Day by the designated time, Bank shall make reasonable efforts to report to Customer any Items that do not match the Check Issue File and, if requested and available, provide the front and back images of those Items for that day’s presentment; provided, however, no images shall be provided in the case of electronically converted Items.

• The Service will provide an Account reconciliation of Customer’s Account by matching the Check Issue File provided by Customer containing the Check Register Information against Checks actually paid from the Customer’s Account for the respective reconciliation period selected by Customer.

• You agree that the Bank will only be obligated to match the check number and dollar amount from the Check Issue File (defined below) and that the Bank may, at the Bank’s sole discretion, but is not obligated to, match additional data provided in the Check Issue File (“Additional Data”), including payee name.

• Regardless of whether the Bank decides to match against Additional Data, and notwithstanding the fact that Additional Data may be included in the Check Issue File, you further agree that the Bank will not be liable to you and you agree to hold the Bank harmless from loss or liability resulting from the Bank’s action or inaction with respect to Additional Data.

• Check Issue File Customer acknowledges the Check Issue File must be uploaded through the Online Banking System and received by 8:00 p.m. Pacific Time.

More Definitions of Check Issue File

Check Issue File means each electronic record or file of Presentment Data transmitted to us, and “Check Issue Data” means the cumulative record of all such Check Issue Files received and maintained by us. You remain responsible for maintaining your own records of Check Issue Files and Check Issue Data for your accounting, record keeping, and internal control purposes. “Presentment Data” means the following information for each Check drawn on the Designated Account: (i) Check number, (ii) dollar amount, and (iii) certain other information but only if selected by you in accordance with the Service Documentation (e.g., the payee on a Check if you have subscribed for Payee Positive Pay Service). We will send you a confirmation report shortly after our successful receipt of each Check Issue File, typically within one hour. The confirmation report will include the total number of records and total dollar value of the file received. You are responsible for validating that Check Issue Files were properly received by us. We will not contact you in the event of a file delivery failure.

Check Issue File means the file you send to us identifying the authorized checks you have written on a Designated Account.

Check Issue File means a file that includes information about all Checks that you

Check Issue File means the file containing each Check you have issued since the previous Check Issue File was uploaded through the Business Online Banking system. The file will contain check number, amount and the date it was issued, as well as the number of the account against which it was drawn.