Check Writing. In order to provide the Transfer Money Services to you, Folio has established an account (“Master Account”) with an unaffiliated national banking association chartered and regulated by the Office of the Comptroller of the Currency (“Bank”). Checks with respect to your Folio Account are payable against the Master Account and not against an account in your name at the Bank. You acknowledge and agree that you have no ownership or beneficial interest in the Master Account or the funds in the Master Account. You agree to write Checks only in U.S. dollars. If a Check transaction involves an exchange of foreign currency, it will be charged to your Folio Account in U.S. dollars and will be subject to applicable exchange rates and applicable regulations. You must use Checks that are ordered through Folio or an approved vendor to ensure the drafts contain the correct account and other information necessary for processing. If you do not use Checks that have been ordered through us or an approved vendor, such Checks may be returned unpaid and neither Folio nor the Bank shall have any liability to you. Images of paid Checks written against your Folio Account will be held for safekeeping by the Bank and will not be returned to you in the normal course. A fee may be imposed for us to request that the Bank provide you with a copy of an image of a paid Check. You agree that the Bank and Folio may process your Check based on an electronic image and/or related electronic information from your original Check (“Check Image”) that is presented for payment to the Bank. The Bank and Folio are under no obligation to obtain the original Check and you acknowledge that your original Check may be destroyed in connection with its conversion to a Check Image by third parties other than the Bank and Folio. You agree that you, the Bank and Folio, as between the parties, shall have the same rights and responsibilities under applicable law and this Agreement with respect to a presented, paid or returned Check Image as if the Check Image were the original Check, except that the Check Image is in electronic form. You also authorize Folio and the Bank to pay and Folio to charge your Folio Account for photocopies of any original Check and paper reproductions of Check Images. Folio or the Bank may refuse to pay a Check or other item which: (1) is illegible; (2) drawn in an amount greater than the amount of funds then available for withdrawal in your Folio Account or which would, if paid, create ...
Check Writing. The Account and all sub-Account do not offer check writing features. You may not write checks on your Account or any Sub-Account, or order checks for your Account or any Sub-Account from us or any other source. Any transactions to your Account or any Sub-Account that involve a check drawn on your Account or any Sub-Account, including written checks, check by phone, or third-party authorizations that come through as a check, will not be honored. When providing Account or any Sub-Account and routing numbers to merchants, Internet service or other utility service providers (collectively, “Merchants”) to make a payment, (whether in person, electronically or over-the-phone) you need to ensure that the Merchant is using the ACH system to process the transaction as an electronic debit, because ACH is an accepted form of payment for your Account or any Sub-Account. If the Merchant processes a payment as a check, the check will be rejected and not paid. You may be charged a fee by the Merchant if this happens. You may not use your Card number or your Account number or any Sub-Account and our routing number in connection with the creation and/or negotiation of any financial instruments, such as checks which we have not authorized.
Check Writing. The Account does not offer a check writing feature. You may not write checks on your Account, or order checks for your Account from us or any other source. Any transactions to your Account that involve a check drawn on your Account, including written checks, check by phone, or third-party authorizations that come through as a check, will not be honored. When providing Account and routing numbers to merchants, Internet service or other utility service providers (collectively, “Merchants”) to make a payment, (whether in person, electronically or over-the-phone) you need to ensure that the Merchant is using the ACH system to process the transaction as an electronic debit, as ACH is an accepted form of payment for your Account. If the Merchant processes a payment as a check, the check will be rejected and not paid. You may be charged a fee by the Merchant if this happens. You may not use your Card number or your Account number and our routing number in connection with the creation and/or negotiation of any financial instruments, such as checks, which we have not authorized.
Check Writing. Your SoFi Money Account comes with check‐writing privileges. A check will be paid only to the extent that there are available funds in your account to cover the full amount of the check at the time it is presented for payment; checks presented for payment against insufficient funds will be returned unpaid. You agree that neither SoFi Securities nor any SoFi Money Third‐ Party Partners, including any of their affiliates, directors, officers, employees, agents, or contractors, will be liable for any fees, penalties, or other damages resulting from dishonored checks resulting from insufficient funds. You acknowledge that we will not provide you with copies/images of your paid checks with your Account Statement. If you wish to view images of checks that you have written and that have been paid against your Account, you may do so by logging onto your Account or by using the SoFi Mobile App. You may also request copies of checks you have written and that have been paid by contacting SoFi Securities at the email address or phone number listed on the SoFi Money Contact Sheet. Please refer to the SoFi Money Fee Sheet for information regarding any fees associated with requesting check images. You agree that when we make available to you your Account Statement reflecting that one or more checks have been paid during the statement period, you will review such checks using the methods provided for in this subsection to ensure that they were paid in accordance with your instructions and will notify us promptly of any possible irregularities. Failure to do so may result in a loss to you. Refer to Section XIII, “Account Inquiries and Disputes; Error Resolution.” for a description of your rights and the process for resolving any suspected errors.
Check Writing. You can make a withdrawal from the Program by writing checks against your Checking Account, subject to the additional terms set forth in the Checking Account Addendum. If UMB pays a check that is drawn against your Checking Account and presented for payment, such check will be paid, subject to the other terms and conditions of this Agreement, after settlement of the withdrawn funds in the Checking Account.
Check Writing
