Common use of Check Endorsement Clause in Contracts

Check Endorsement. Federal regulations provide that the top 1-1/2 inches on the back of a check (when read vertically from the trailing edge) are designated for your endorsement as payee. If you endorse a check in the area outside of the endorsement area, mark or otherwise obscure the other area, or make an endorsement which is illegible or incomplete, you agree to hold us harmless from any loss, delay, liability, claim, or damage which occurs as a result. Check Images/Safekeeping If we do not return your paid checks to you, images of the checks may be sent or made available to you with your periodic statement. Your original checks may be destroyed shortly after we process the checks, but we will maintain a record of the checks for a reasonable time period. You can obtain copies of your checks by sending us a written request with the following information: your name, account number, check number, the amount of the check, and (if known) the date the check was paid. There may be a research charge for obtaining copies of certain checks; if applicable, we will charge your account a fee for each copy (including the front and back of the check). If you have access to our online banking system, you may also be able to view copies of your checks there. We will not be responsible for any indirect, special or consequential damages under any circumstances for our inability to provide copies of checks. Our liability, if any, will not exceed the face amount of the check in question, and you must provide us with reasonable proof of any loss. Check Processing Cutoff Hour If we receive an item for payment on a weekend or a holiday, we may treat it as if we had received it on the next Business Day. Our processing cutoff hour with respect to any knowledge, notice, stop payment or postdated check order, or legal process received by us involving a check is one hour after the opening of the Business Day following the Business Day on which we receive the check. The cutoff hour with respect to setoffs exercised by us is midnight of the Business Day following the Business Day we receive a check, or such later time by which we must return the check. The cutoff hour determines our obligation under state law to pay or return certain checks that have been received (but not finally paid) by us on the previous Business Day. Check Signature Verification We have automated collection and payment procedures that rely primarily on information encoded on each check or item in magnetic ink for paying or processing an item. We may rely on the information encoded on the check’s magnetic ink character recognition (MICR) line, according to general banking standards, whether or not that information is consistent with the other information on the item. You will reimburse us for any loss or expense we incur because you issue or deposit an item containing altered or extra information in the MICR line. You agree that automated check processing is reasonable and that you have responsibility for preventing and reporting forgeries, alterations, and other unauthorized use of your account. We do not fail to exercise ordinary care by posting or paying items without sight examination of the items. The Bank’s own policies and procedures are used solely for our internal reasons and do not establish a higher standard of care for the Bank other than that which is provided by law or regulation.

Check Endorsement. Federal regulations provide that the top Federalregulationsprovidethatthetop 1-1/2 inches on the back of a check (when read vertically from the trailing edgeacheck(whenreadverticallyfromthe trailingedge) are is designated for your endorsement as payee. If you endorse a check acheck in the area outside areaoutside of the endorsement area, mark or otherwise obscure the other area, or make an endorsement which endorsementwhich is illegible or incomplete, you agree to hold us harmless from any loss, delay, liability, claim, or damage which occurs as a result. Check Images/Safekeeping Imaging. If you elect to receive our checkimagingservice, we do not return your paid checks to you, will include images of the checks your canceledchecks to you on your monthlystatements. There may be sent or made available a fee assessed for the check imaging service. Your canceled checks will not be returned to you with your periodic statement. Your original checks may but will be destroyed shortly destroyedshortly after we process the your statement. We will maintainan image of each check for seven years. In some cases, checks you write may be converted into electronic images (truncated) duringthe checkcollection and returnprocess and we willreceivecopies of your checks, but we will maintain a record of the checks for a reasonable time periodrather thanoriginals. You can obtain copies Youcanobtaincopies of your checks by sending us a written request with the following informationawrittenrequestwiththefollowinginformation: your name, account numberaccountnumber, check numberchecknumber, the amount of the check, and (if known) the date the check was paid. There may be a research charge for obtaining copies of certain checks; if applicable, we will charge your account a fee for each copy (including the front and back of the check). If you have access to our online banking system, you may also be able to view copies of your checks there. We will not be responsible for any indirect, special or consequential damages under any circumstances for our inability to provide copies of checks. Our liability, if any, will not exceed the face amount of the check in question, and you must . You agree to provide us with reasonable proof of any loss. Check Processing Cutoff Hour If we receive CutoffHour. Ourprocessingcutoffhourwithrespecttoanyknowledge,notice,stoppaymentor postdateditemorder,or legalprocessreceivedbyus involving an item for payment on a weekend or a holiday, we may treat it as if we had received it on the next Business Day. Our processing cutoff hour with respect to any knowledge, notice, stop payment or postdated check order, or legal process received by us involving a check is one hour after the opening of the Business Day banking day following the Business Day banking day on which we receive the checkitem. The cutoff hour with respect to setoffs exercised by us is midnight ismidnight of the Business Day banking day following the Business Day banking day we receive a checkan item, or such later time by which we must return the checkitem. The cutoff hour determines our obligation under state law to pay or return certain checks items that have been received (but not finally paid) by us on the previous Business Daybanking day. Check Signature Verification Examination. We have process checks by automated collection and payment procedures that rely primarily means based on information encoded on each check or item in magnetic ink for paying or processing an itemthe checks. We may not physically examine all checks to determineifthey are properly signed or completed. Youagree that we may rely on the information encoded such a process and that it will be deemed an acceptable standard of care on the check’s magnetic ink character recognition (MICR) lineour part. ChecksLostor Stolen. Youagreetosafeguardyour blankchecks and totakereasonablestepstopreventtheirunauthorizeduse. If you areabusiness, according you should store them under dual control in a secure, locked location that is accessible only to general banking standardsauthorized personnel. If your blank checks are lost or stolen, whether you agreetonotify us immediately. Forsecurityreasons, we reservetherighttocloseyour account and transferthebalancetoa new account. If we do, all checks written but not yet paid may be returned to payees as “Account Closed” or not that information is consistent “Refer to Maker”. You will be responsible for issuing any replacement checks. When you cash or deposit a check or other item with the other information on us, we act as your agent to collect the item. The risk of loss on an item in the process of collection is on you. We may reverse any credit given and any interestearned or accruedfor adepositeditemthat is lost in transit and we may recoverfrom any account you maintain with us the funds given to you for a cashed item which is lost in transit. You will reimburse do everything reasonably within your ability to promptly assist us to find, identify or replace a lost item, including but not limited to maintaining a record of the maker of items delivered to us for any loss or expense we incur because deposit and collection. We shall not be liable to you issue or deposit if an item containing altered or extra information is lost in the MICR line. You agree that automated check processing is reasonable and that you have responsibility for preventing and reporting forgeries, alterations, and other unauthorized use process of your account. We do not fail to exercise collectionprovided we exercised ordinary care by posting or paying items without sight examination in handling the item. In no event shall we be liable to you if you cannot identify the maker of the items. The Bank’s own policies and procedures are used solely for our internal reasons and do not establish a higher standard of care for the Bank other than that which is provided by law or regulationlost item.

Check Endorsement. Federal regulations provide We are legally entitled to a valid and unqualified endorsement from you, and you give us the irrevocable right to place such an endorsement on the check. You agree to reimburse us for our losses caused by your failure to endorse a check exactly as drawn or you deposit a check that contains multiple endorsements, or a missing or improper endorsement. Because improper endorsement may result in a chargeback of a check or delay in processing, it is important that you endorse checks correctly. All checks you cash or deposit into your Account must be endorsed in the top 1-1/2 first 1.5 inches of the trailing edge on the back of a check (when read vertically from the trailing edge) are designated for your endorsement as payee. If you endorse a check in the area outside of the endorsement area, mark or otherwise obscure the other area, or make an endorsement which is illegible or incomplete, you agree to hold us harmless from any loss, delay, liability, claim, or damage which occurs as a result. Check Images/Safekeeping If we do not return your paid checks to you, images of the checks may be sent or made available to you with your periodic statement. Your original checks may be destroyed shortly after we process the checks, but we will maintain a record of the checks for a reasonable time period. You can obtain copies of your checks by sending us a written request with the following information: your name, account number, check number, the amount of the check, and (if known) the date the check was paid. There may be a research charge for obtaining copies of certain checks; if applicable, we will charge your account a fee for each copy (including the front and back of the check). If you have access to our online banking system, you may also be able to view copies of your checks there. We will not be responsible for any indirect, special or consequential damages under any circumstances for our inability to provide copies of checks. Our liability, if any, will not exceed the face amount of the check in question, and you must provide us with reasonable proof of any loss. Check Processing Cutoff Hour If we receive an item for payment on a weekend or a holiday, we may treat it as if we had received it on the next Business Day. Our processing cutoff hour with respect to any knowledge, notice, stop payment or postdated check order, or legal process received by us involving a check is one hour after the opening of the Business Day following the Business Day on which we receive the check. The cutoff hour with respect to setoffs exercised by us trailing edge is midnight the left side of the Business Day following check when you look at it from the Business Day we receive a checkfront. If your endorsement obscures our Bank’s endorsement, or such later time by which we must return the check. The cutoff hour determines our obligation under state law to pay or return certain you are liable for checks that have been received (but not finally paid) by us on the previous Business Dayare returned late or unpaid. Check Signature Verification Truncation and Cleared Checks We have automated collection and payment procedures that rely primarily on information encoded on each check or item in magnetic ink for paying or processing an itemprovide imaged copies of the checks you write with your Account statement. We may rely on will retain a copy of the information encoded on Item for such time as might be required by law; otherwise, we have no obligation to retain the check’s magnetic ink character recognition (MICR) line, according to general banking standards, whether or not that information is consistent with the other information on the item. You will reimburse us for any loss or expense we incur because you issue or deposit an item containing altered or extra information in the MICR linecopy. You agree that automated our statements provide sufficient information to determine the identification and authenticity of any transaction, including, without limit, whether any are forged, altered or unauthorized, if the statement includes the Item number, amount, and the date the Item posted to your Account. Electronic Imaging of Checks We may, at our discretion, create electronic images of checks drawn on or deposited by you to your Account and provide such Image Replacement Documents (“IRDs”) for all purposes in lieu of an original check. We may also, at our discretion, accept, act upon, and provide copies of IRDs received from other depository institutions, in lieu of an original check. In addition, electronic images may be converted to a Substitute Check. Refer to the Substitute Check section for additional information. We may destroy any original check, which is electronically imaged. Facsimile Signatures The term facsimile signature refers to any method used by you to sign a check processing is reasonable other than your handwritten signature. If you use a facsimile signature, you are responsible for any withdrawal from your Account that bears or appears to us to bear a facsimile signature that resembles or purports to be the signature of a person authorized to withdraw funds. You authorize us to accept and that you have pay any such check bearing or purporting to bear your facsimile signature regardless of by whom or by what means the facsimile signature came to be placed on the check. You agree to assume full responsibility for preventing and reporting forgeries, alterations, and other unauthorized the use of a facsimile signature and we will not be liable to you even if the facsimile signature was placed on the check without your accountauthority. Multiple Signatures We do not fail to exercise ordinary care offer Accounts for which two or more signatures are required for a withdrawal. If you indicate on your checks or signature card or other Account documents that more than one signature is required for withdrawal, this indication is for your own personal purposes. It is not binding on us. We may pay out funds from your Account if the check, Item, or other withdrawal instruction is signed or approved by posting or paying items without sight examination any one of the itemspersons authorized to sign on the Account. The Bank’s own policies and procedures We are used solely for our internal reasons and not liable to you if we do not establish a higher standard of care for the Bank other than that which is provided by law or regulationthis.

Check Endorsement. Federal regulations provide that the top 1-1/2 inches on the back of a check (when read vertically from the trailing edge) are designated for your endorsement as payee. If you endorse a check in the area outside of the endorsement area, mark or otherwise obscure the other area, or make an endorsement which is illegible or incomplete, you agree to hold us harmless from any loss, delay, liability, claim, or damage which occurs as a result. Check Images/Safekeeping If we do not return your paid checks to you, images of the checks may be sent or made available to you each month with your periodic statement. Your original checks may be destroyed shortly after we process the checks, but we will maintain a record of the checks for a reasonable time period. You can obtain copies of your checks by sending us a written request with the following information: your name, account number, check number, the amount of the check, and (if known) the date the check was paid. There may be a research charge for obtaining copies of certain checks; if applicable, we will charge your account a fee for each copy (including the front and back of the check). If you have access to our online banking system, you may also be able to view copies of your checks there. We will not be responsible for any indirect, special or consequential damages under any circumstances for our inability to provide copies of checks. Our liability, if any, will not exceed the face amount of the check in question, and you must provide us with reasonable proof of any loss. Check Processing Cutoff Hour If we receive an item for payment on a weekend or a holiday, we may treat it as if we had received it on the next Business Day. Our processing cutoff hour with respect to any knowledge, notice, stop payment or postdated check order, or legal process received by us involving a check is one hour after the opening of the Business Day following the Business Day on which we receive the check. The cutoff hour with respect to setoffs exercised by us is midnight of the Business Day following the Business Day we receive a check, or such later time by which we must return the check. The cutoff hour determines our obligation under state law to pay or return certain checks that have been received (but not finally paid) by us on the previous Business Day. Check Signature Verification We have automated collection and payment procedures that rely primarily on information encoded on each check or item in magnetic ink for paying or processing an item. We may rely on the information encoded on the check’s magnetic ink character recognition (MICR) line, according to general banking standards, whether or not that information is consistent with the other information on the item. You will reimburse us for any loss or expense we incur because you issue or deposit an item containing altered or extra information in the MICR line. You agree that automated check processing is reasonable and that you have responsibility for preventing and reporting forgeries, alterations, and other unauthorized use of your account. We do not fail to exercise ordinary care by posting or paying items without sight examination of the items. The Bank’s own policies and procedures are used solely for our internal reasons and do not establish a higher standard of care for the Bank other than that which is provided by law or regulation.

Check Endorsement. Federal regulations provide that the top 1-1/2 inches on the back of a check (when read vertically from the trailing edge) are is designated for your endorsement as payeepayee . If you endorse a check in the area outside of the endorsement area, mark or otherwise obscure the other area, or make an endorsement which is illegible or incomplete, you agree to hold us harmless from any loss, delay, liability, claim, or damage which occurs as a resultresult . Check Images/Safekeeping Imaging. If you receive our check imaging service, we do not return your paid checks to you, will send images of the your canceled checks may be sent or made available to you with your periodic statementmonthly statements (Certain business clients may receive images of their checks on a CD-ROM disk) . Your original canceled checks may will not be returned to you, but will be destroyed shortly after we process your statement . We will maintain an image of each check for seven years . In some cases, checks you write may be converted into electronic images (truncated) during the check collection and return process and we will receive copies of your checks, but we will maintain a record of the checks for a reasonable time periodrather than originals . You can obtain copies of your checks by sending us a written request with the following information: your name, account number, check number, the amount of the check, and (if known) the date the check was paid. There may be a research charge for obtaining copies of certain checks; if applicable, we will charge your account a fee for each copy (including the front and back of the check). If you have access to our online banking system, you may also be able to view copies of your checks therepaid . We will not be responsible for any indirect, special or consequential damages under any circumstances for our inability to provide copies of checkschecks . Our liability, if any, will not exceed the face amount of the check in question, and you must question . You agree to provide us with reasonable proof of any lossloss . Check Item Processing Cutoff Hour If we receive an item for payment on a weekend or a holiday, we may treat it as if we had received it on the next Business DayHour. Our processing cutoff hour with respect to any knowledge, notice, stop payment or postdated check item order, or legal process received by us involving a check an item is one hour after the opening of the Business Day banking day following the Business Day banking day on which we receive the checkitem . The cutoff hour with respect to setoffs exercised by us is midnight of the Business Day banking day following the Business Day banking day we receive a checkan item, or such later time by which we must return the checkitem . The cutoff hour determines our obligation under state law to pay or return certain checks items that have been received (but not finally paid) by us on the previous Business Daybanking day . Check Signature Verification Examination. We have process checks by automated collection and payment procedures that rely primarily means based on information encoded on each check or item in magnetic ink for paying or processing an itemthe checks . We may rely on the information encoded on the check’s magnetic ink character recognition (MICR) line, according not physically examine all checks to general banking standards, whether determine if they are properly signed or not that information is consistent with the other information on the item. You will reimburse us for any loss or expense we incur because you issue or deposit an item containing altered or extra information in the MICR linecompleted . You agree that automated check processing is reasonable we may rely on such a process and that you have responsibility for preventing and reporting forgeries, alterations, and other unauthorized use of your account. We do not fail to exercise ordinary care by posting or paying items without sight examination of the items. The Bank’s own policies and procedures are used solely for our internal reasons and do not establish a higher it will be deemed an acceptable standard of care on our part . Checks Lost or Stolen. You agree to safeguard your blank and canceled checks, and to take reasonable steps to prevent their unauthorized use . If you are a business, you should store them under dual control in a secure, locked location that is accessible only to authorized personnel . If your checks are lost or stolen, you agree to notify us immediately . For security reasons, we reserve the right to close your account and transfer the balance to a new account . If we do, all checks written but not yet paid may be returned to payees as “Account Closed” or “Refer to Maker” . You will be responsible for issuing any replacement checks . When you cash or deposit a check or other item with us, we act as your agent to collect the Bank other than item . The risk of loss on an item in the process of collection is on you . We may reverse any credit given and any interest earned or accrued for a deposited item that is lost in transit and we may recover from any account you maintain with us the funds given to you for a cashed item which is lost in transit . You will do everything reasonably within your ability to promptly assist us to find, identify or replace a lost item, including but not limited to maintaining a record of the maker of items delivered to us for deposit and collection . We shall not be liable to you if an item is lost in the process of collection provided by law or regulationwe exercised ordinary care in handling the item . In no event shall we be liable to you if you cannot identify the maker of the lost item .