Common use of Check Truncation Clause in Contracts

Check Truncation. Unless we adopt alternative procedures from time to time, checks drawn on your account will not be returned to you and copies of checks will be made available to you upon your request, subject to any fee disclosed on the Fee Schedule. You agree that your duty to examine statements promptly, and your obligation to notify us in the event of any error, is not waived or diminished in any respect by our retention of checks drawn on your Account.

Appears in 3 contracts

Sources: Business Membership Account Agreement, Business Membership Account Agreement, Business Membership Account Agreement