Common use of Disposal of Transmitted Items Clause in Contracts

Disposal of Transmitted Items. Upon proper clearing of funds and confirmation of your deposit from the Bank, you agree to prominently mark the check as “Electronically Presented” or “VOID” and to properly store the check to ensure that it is not presented again for payment. You agree any check that has been transmitted through the Mobile Deposit Service will not be presented by you or any person again. You agree to retain all checks that you have deposited through the Mobile Deposit Service for at least 30 calendar days and, following the 30 calendar day retention period, you agree to dispose of the check in a reasonable and secure manner which will ensure the check will not be presented again. You will promptly provide any retained check to the Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check or check image, or for the Bank’s audit purposes. If you fail to promptly provide the original check or a reasonable copy of the check in response to a request by us, you agree to request a new check for deposit from the check’s originator. If you fail to provide any copy of a check you agree that we are authorized to debit your account for the amount of the check in question if we deem this action necessary. You will be solely responsible for any losses incurred as a result of the failure to promptly provide a retained check or replacement check in response to our request.

Disposal of Transmitted Items. Upon proper clearing of funds and confirmation of your deposit from the Bank, you agree to prominently mark xxxx the check as “Electronically Presented” or “VOID” and to properly store the check to ensure that it is not presented again for payment. You agree any check that has been transmitted through the Mobile Deposit Service will not be presented by you or any person again. You agree to retain all checks that you have deposited through the Mobile Deposit Service for at least 30 calendar days and, following the 30 calendar day retention period, you agree to dispose of the check in a reasonable and secure manner which will ensure the check will not be presented again. You will promptly provide any retained check to the Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check or check image, or for the Bank’s audit purposes. If you fail to promptly provide the original check or a reasonable copy of the check in response to a request by us, you agree to request a new check for deposit from the check’s originator. If you fail to provide any copy of a check you agree that we are authorized to debit your account for the amount of the check in question if we deem this action necessary. You will be solely responsible for any losses incurred as a result of the failure to promptly provide a retained check or replacement check in response to our request.