Common use of Duplicate Presentment Return Checks and Corrections Clause in Contracts

Duplicate Presentment Return Checks and Corrections. You acknowledge that if Check Images are dishonored and returned unpaid for any reason, including but not limited to duplicate presentment, we may charge back the Check Image to your account. We may correct the amount of any deposit by debiting or crediting your account(s) within a reasonable time after discovery of an error. Applicable fees will apply. Please refer to our Schedule of Fees. You will cooperate with us to investigate unusual transactions or poor quality transmissions. An image of a check submitted for deposit to the Credit Union using the Services must be legible, as determined in the sole discretion of the Credit Union. Without limiting the foregoing, the image quality of the check must comply with the requirements established by the American National Standards Institute/ANSI, the Board of Governors of the Federal Reserve Board and any other regulatory agencies, clearing house or associations. You agree that we will not be liable for any damages resulting from a check’s poor image quality including those related to rejection for any reason it may be, or the delayed or improper crediting of a check as a result of the inaccurate information supplied by you regarding the check. All Check Images must meet any other requirements that we impose.