Common use of DEPOSIT OF FUNDS REQUIREMENTS Clause in Contracts

DEPOSIT OF FUNDS REQUIREMENTS. Funds may be deposited to any account, in any manner approved by the Credit Union in accordance with the requirement set forth on the Rate and Fee Schedule. Endorsements: We may accept transfers, checks and other items for deposit into any of your accounts if they are made payable to, or to the order of, one or more account own- ers, even if the items are not endorsed by all payees. You authorize us to supply missing endorsements of any owners if we choose. If a check or item that is payable to two or more persons is ambiguous as to whether it is payable to either person, we may require endorse- ment as set forth on the item. If insurance, government or other check requires an endorse- ment as set forth on the back of the check, we may require endorsement as set forth on the item. Endorsements must be made on the back of the check within 1 1/2 inches from the top edge, although we may accept endorsements outside this space. Mobile deposit endorsements may differ, see mobile deposit requirements for more information. However, any loss we incur from a delay or processing error, resulting from an irregular endorsement or other markings by you or any prior endorser, will be your respon- sibility.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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DEPOSIT OF FUNDS REQUIREMENTS. Funds may be deposited to any account, in any manner approved by the Credit Union in accordance with the requirement set forth on the Rate and Fee Schedule. Endorsements: We may accept transfers, checks and other items for deposit into any of your accounts ac- counts if they are made payable to, or to the order of, one or more account own- ersowners, even if the items are not endorsed by all payees. You authorize us to supply missing endorsements of any owners if we choose. If a check or item that is payable to two or more persons is ambiguous as to whether it is payable to either person, we may require endorse- ment endorsement as set forth on the item. If insurance, government or other check requires an endorse- ment endorsement as set forth on the back of the check, we may require endorsement as set forth on the item. Endorsements must be made on the back of the check within 1 1/2 11/2 inches from the top edge, although we may accept endorsements outside this space. Mobile deposit endorsements may differ, see mobile deposit requirements for more information. However, any loss we incur from a delay or processing error, resulting from an irregular endorsement or other markings by you or any prior endorser, will be your respon- sibilityresponsibility.

Appears in 1 contract

Samples: Account Agreement

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DEPOSIT OF FUNDS REQUIREMENTS. Funds may be deposited to any account, in any manner approved by the Credit Union in accordance accor- dance with the requirement set forth on the Rate and Fee Schedule. Endorsements: We may accept transfers, checks and other items for deposit into any of your accounts if they are made payable to, or to the order of, one or more account own- ersowners, even if the items are not endorsed by all payees. You authorize us to supply missing endorsements of any owners if we choose. If a check or item that is payable to two or more persons is ambiguous as to whether it is payable to either person, we may require endorse- ment endorsement as set forth on the item. If insurance, government or other check requires an endorse- ment endorsement as set forth on the back of the check, we may require endorsement as set forth on the item. Endorsements must be made on the back of the check within 1 1/2 11/2 inches from the top edge, although we may accept endorsements outside this space. Mobile deposit endorsements may differ, see mobile deposit requirements for more information. However, any loss we incur from a delay or processing error, resulting from an irregular endorsement endorse- ment or other markings by you or any prior endorser, will be your respon- sibilityresponsibility.

Appears in 1 contract

Samples: Account Agreement

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