Check Image Requirements Sample Clauses

Check Image Requirements. You will submit Check Images to the Credit Union in such format, with such information, as we may require from time to time. Without limiting the foregoing, you agree that: • Check Images only may be submitted for Original Checks payable to you and drawn on financial institutions located in the United States. Exception items must be deposited in person at a branch location. • A Check Image may not be submitted for an Original Check drawn from the same account into which you are depositing the Check Image. • Check Images may not be submitted for “substitute checks” as defined by federal law. • Only one Check Image may be submitted for each Original Check. • Check Images may not be submitted for any Original Check that: is stamped with a “nonnegotiable” watermark; contains evidence of alteration to the information on the Original Check; is incomplete; is “stale dated” or “post-dated,” or that has been returned not payable as a result of insufficient funds, stop payment or other reasons. • Prior to imaging, you will properly endorse each Original Check with the following: your name (i.e., signature); date of deposit (mm/dd/yy), and the words “NASA FCU for deposit via Remote Deposit only.” • Before transmitting a Check Image to the Credit Union, you will (i) inspect the Check Image, (ii)compare the Original Check with the Check Image, (iii) verify that the Check Image clearly and accurately displays the payee, the drawer’s signature, the date, the Original Check number, the amount, the MICR encoded information and all other information on the Original Check, and (iv) correct any errors.