Deposits and Endorsements. You may make deposits in person at the Bank or by mail. We may refuse a deposit, or part of any deposit, or reverse any amount that we have added to your account balance for a deposited check at any time for any reason, including, but not limited to, checks with multiple payees or endorsements, substitute checks or checks bearing a substitute check legal equivalence statement, checks that are not properly payable, or checks which we have reason to doubt are collectible. We will not be liable to you for refusing a deposit, even if it causes us to decline any transaction that you have already made. We are not responsible for transactions by mail until we actually receive and record them. The Bank may, but does not have to, sign an item you deposit in your name (known as an endorsement) if you do not endorse it. When you endorse an item, you should do so only in an area within 1.5 inches from the top edge of the back of the check, which is on the left side, looking at the check from the front. The Bank has the right to refuse to credit your account for a check when the back of the check is obscured or marked in any way, except for a proper endorsement. You are responsible and liable for any loss or damage that we may suffer because you endorse the check in any other location, or if you do not endorse the check properly, or because there is any other mark in any other area on the back of the check when you deposit it. If you deposit an electronically created item or a remotely created check (i.e., a check created when an accountholder authorizes a payee to draw a check on the account, but instead of the accountholder’s actual signature, the check identifies that the accountholder authorized the check), you guarantee that the check was authorized by the accountholder for the amount shown.
Appears in 10 contracts
Samples: Account Agreement and Disclosures, Account Agreement and Disclosures, Account Agreement and Disclosures
