Ineligible Item definition
Ineligible Item refers to the following types of checks or items which shall be considered ineligible for the Mobile Deposit Service: • Checks or items payable, in whole or in part, to any person or entity other than the person or entity that owns the Account that the check is being deposited into. • Checks or items containing an obvious alteration, 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 or items previously presented for payment electronically or 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 our current procedures relating to the Service or which are otherwise not acceptable under your Account Agreement. • Checks or items payable on sight or payable through drafts, as defined in Reg. CC. • Checks or items with any endorsement on the back other than that specified in this Agreement. • Checks or items that have previously been submitted through the Service or through a remote deposit capture service offered at any other financial institution; and • Checks or items that are drawn on or otherwise issued by the United States Treasury Department.
Ineligible Item refers to the following types of checks or items which shall be considered ineligible for the Mobile Deposit Service:
i. Checks or items payable, in whole or in part, to any person or entity other than the person or entity that owns the Account that the check is being deposited into;
ii. Checks or items containing an obvious alteration, 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;
iii. Checks or items previously presented for payment electronically or converted to a substitute check, as defined in Reg. CC;
iv. Checks or items drawn on a financial institution located outside the United States;
v. Checks or items that are remotely created checks, as defined in Reg. CC;
vi. Checks or items not payable in United States currency;
vii. Checks or items dated more than 6 months prior to the date of deposit;
viii. Checks or items prohibited by our current procedures relating to the Service or which are otherwise not acceptable under the Terms and Conditions of Your Account;
ix. Checks or items payable on sight or payable through drafts, as defined in Reg. CC; x. Checks or items with any endorsement on the back other than that specified in this Agreement; xi. Checks or items that have previously been submitted through the Service or through a remote deposit capture service offered at any other financial institution;
xii. Checks or items that are drawn or otherwise issued by the United States Treasury Department; and
xiii. Checks or items that are written with a future date from the date of deposit.
Ineligible Item refers to the following types of checks or items which shall be considered ineligible for the Mobile Deposit Service:
(i) Checks or items payable, in whole or in part, to any person or entity other than the person or entity that owns the Account that the check is being deposited into;
(ii) Checks or items containing an obvious alteration, 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;
(iii) Checks or items previously presented for payment electronically or converted to a substitute check, as defined in Reg. CC;
(iv) Checks or items drawn on a financial institution located outside the United States;
(v) Checks or items that are remotely created checks, as defined in Reg. CC;
(vi) Checks or items not payable in United States currency;
(vii) Checks or items dated more than 6 months prior to the date of deposit;
(viii) Checks or items prohibited by our current procedures relating to the Service or which are otherwise not acceptable under the Terms and Conditions of Your Account;
(ix) Checks or items payable on sight or payable through drafts, as defined in Reg. CC;
(x) Checks or items with any endorsement on the back other than that specified in this Agreement;
(xi) Checks or items that have previously been submitted through the Service or through a remote deposit capture service offered at any other financial institution; and
(xii) Checks or items that are drawn or otherwise issued by the United States Treasury Department.
Examples of Ineligible Item in a sentence
We further reserve the right to charge back to your Account at any time any Eligible Item that we subsequently determine was an Ineligible Item.
You agree that the Bank is not liable for any loss, costs, or fees you may incur as a result of our chargeback of an Ineligible Item.
If you deposit such an Ineligible Item, you agree to reimburse us for any losses, costs and expenses we may incur associated with warranty, or indemnity claims, including but not limited to, the duplicate payment of a Check.
In using RDS, you agree to scan and remotely deposit into a deposit Account checks (“Checks” or “Items”), as that term is defined in Article 4 of the New York Uniform Commercial Code (“UCC”) that is not an Ineligible Item, as defined below Federal Reserve Board Regulation CC (“Reg CC”).
We may charge back to your Account at any time any Image that we subsequently determine was an Ineligible Item and you agree that we are not liable for any loss, costs, or fees you may incur as a result of our chargeback.
You agree that you will not attempt to retransmit for deposit through the Service an Image of a check previously determined to be an Ineligible Item without our prior consent.
You agree that you will not use the Services to scan and deposit any checks or other items as shown as Ineligible Item below.
You will not deposit any item that is an "Ineligible Item" (as defined above).
More Definitions of Ineligible Item
Ineligible Item means: • 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, and that all signatures are authentic and authorized; • Checks or items previously converted to a “Substitute Check or IRD”, 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 six (6) months prior to the date of deposit or postdated; • Money orders or Savings bonds.
Ineligible Item means: • Checks or items payable to any person or entity other than an authorized signer on the specified account; • 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, and that all signatures are authentic and authorized; • Checks or items previously converted to a “Substitute Check or IRD”, 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 six (6) months prior to the date of deposit or postdated; • Money orders or Savings bonds.