Electronic Check(s) definition
Examples of Electronic Check(s) in a sentence
Electronic Checks – We may pay and charge to your applicable account checks drawn by and payable to any person, organization, association or corporation whom you have authorized by providing sample MICR-encoded information identifying your account, provided there are sufficient funds in your account to pay such checks.
We estimate Payee will receive Electronic Checks within 4 days and Paper Checks within 8 days from the date you submit Payment Instructions.
The Service converts your scanned Checks into Electronic Checks, in accordance with the Check Clearing for the 21st Century Act (“Check 21 Act”) and Federal Reserve Board Regulation CC (“Regulation CC”), to facilitate the deposit and collection of Checks.
The Bank in its sole discretion may refuse to accept Electronic Checks that do not meet our Check Requirements or that do not include the restrictive indorsements.
You are solely responsible for verifying that the Electronic Checks you deposit by using the Service have been received and accepted for deposit by the Bank.
The funds for all accepted Electronic Checks will be available in accordance with the Bank’s Funds Availability Disclosure, as amended from time to time.
We will determine the manner in which Electronic Checks are cleared, presented for payment and deposited, at our sole discretion.
Electronic Checks that are received by us through the Service after the cut-off time on a Business Day, or on any day that is not a Business Day, will be considered received by us on the next Business Day.
Tyler accepts Visa, MasterCard, Discover Card, and Electronic Checks.
The manner in which Electronic Checks are cleared, presented for payment and deposited will be determined by the Bank, at our sole discretion.