Account Acceptance. The following are requirements that must be met for initial approval to use Remote Deposit. • Account in good standing • La Cap loans must be current • No history of excessive or repeated returned items • Other factors may also be considered If I meet all of the criteria above La Capitol Federal Credit Union may still remove the privilege of Remote Deposit if they believe I am not managing my account in a responsible manner. Use of Remote Deposit. Following receipt of your notification approving my use of the Remote Deposit, I am authorized by you to remotely deposit paper checks I receive to my account with you by electronically transmitting a digital image of the paper checks to you for deposit. My use of Remote Deposit constitutes my acceptance of the terms and conditions of this Disclosure and Agreement. I agree to comply with the hardware and software requirements set forth at Exhibit “A,” which is attached hereto and incorporated by this reference. Upon receipt of the digital image, you will review the image for acceptability. I understand and agree that receipt of an image does not occur until after you notify me of receipt of the image via the Deposit Check History feature. I understand that, in the event I receive a notification from you confirming receipt of an image, such notification does not mean that the image contains no errors or that you are responsible for any information I transmit to you. You are not responsible for any image that you do not receive. Following receipt of the image, you may process the image by preparing a” substitute check” or clearing the item as an image. Notwithstanding anything to the contrary, you reserve the right, within your sole and absolute discretion, to accept or reject any item for remote deposit into my Account. I understand that any amount credited to my Account for items deposited using Remote Deposit is a provisional credit and I agree to indemnify you against any loss you suffer because of your acceptance of the remotely deposited check. In addition I agree that I will not (i) modify, change, alter, translate, create derivative works from, reverse engineer, disassemble or decompile the technology or Service, (ii) copy or reproduce all or any part of the technology or Service; or (iii) interfere, or attempt to interfere, with the technology or Service.
Account Acceptance. Services will be provided only upon the date of Account Holder’s successful completion of the Account acceptance process (the “Effective Date”), as determined in Prime Trust’s sole discretion and in accordance with this Section 2.1. To complete the acceptance process, Account Holder will provide Prime Trust with information and documents, which includes information necessary for Prime Trust’s compliance with the Bank Secrecy Act (“BSA”), and other Applicable Law relating to anti-money laundering (“AML”), Know-Your-Customer (“KYC”), counter-terrorist financing, sanctions screening requirements, or any other similar legal obligations, in each case, as determined by Prime Trust in its sole discretion.
Account Acceptance. The following are requirements that must be met for initial approval to use e- Deposit. • Membership account must be open for a minimum of 60 days • Currently no delinquent loans • At least 18 years old • No history of excessive or repeated returned items • I authorize Public Employees Credit Union to review my history with eFunds/ChexSystems. Any derogatory result will be cause for denial for e-Deposit. • Other factors may also be considered If I meet all of the criteria above Public Employees Credit Union may still remove the privilege of e- Deposit if they believe I am not managing my account in a responsible manner.
