Electronic Deposit definition

Electronic Deposit means the package of information (including the Check Image, dollar amount information, deposit account information, etc.) that is transmitted to the Bank allowing for the deposit, processing, and collection of the item.
Electronic Deposit means electronic information (including Check Images, Check Image Metadata, MICR Data, or dollar amount information), obtained from capturing information from an original paper check, that is transmitted to us for deposit, processing and collection.
Electronic Deposit. A file that contains information regarding each Sufficient Image Copy to be transmitted by Business Entity to Extraco in the same batch as the Electronic Deposit and that meets all of the requirements imposed from time to time by Extraco.

Examples of Electronic Deposit in a sentence

  • If only a portion of that Electronic Deposit transmission is received by Bank for any reason, including and without limitation, a failure during the transmission to Bank, the Electronic Deposit transmission is deemed to have been not received by Bank.

  • You can deposit checks to your Accounts remotely by endorsing the Original Check with your name and the legend “For Electronic Deposit at Column N.A. Only” and submitting the Check Image as an Eligible Instruction to Bank.

  • You can also use the FDIC’s Electronic Deposit Insurance Estimator (XXXX) at xxx.xxxx.xxx/xxxx.

  • An Electronic Deposit is received when the entire Electronic Deposit transmission in which that Electronic Deposit is contained is received by Bank in accordance with section 12c, above.

  • To calculate your deposit insurance coverage, use the FDIC’s Electronic Deposit Insurance Estimator (XXXX) at xxx.xxxx.xxx/xxxx.


More Definitions of Electronic Deposit

Electronic Deposit means a paper check (including any Check Images, Check Image Metadata, MICR Data, or dollar amount information on it) that is electronically captured and transmitted to Citizens Bank to deposit, process, and collect.
Electronic Deposit is an electronic funds transfer via ACH of the sum amount of the converted paper check payments received via the FINSYNC Lockbox.
Electronic Deposit means a file that contains information regarding each Sufficient Image Copy to be transmitted by Customer to Bank in the same batch as the Electronic Deposit and that meets all of the requirements imposed from time to time by Bank in the Procedures.
Electronic Deposit means a file that contains information regarding each Electronic Check(s) to be submitted by me to Bank that meets all of the requirements imposed from time to time by Bank as set forth in this Agreement and the Documentation.
Electronic Deposit means a file that contains information regarding each Electronic Images to be submitted by you to the Bank that meets all of the requirements imposed from time to time by the Bank as set forth in this Agreement
Electronic Deposit means a file that contains information regarding each Electronic image to be submitted by you to the Credit Union that meets all the requirements imposed from time to time by the credit union set forth in this Agreement.
Electronic Deposit means electronic information (including Check Images, Check Image Metadata, MICR Data, or dollar amount information),