Common use of Endorsement Standards Clause in Contracts

Endorsement Standards. The area from the trailing edge of a check to 1.5 inches from the trailing edge of a check is reserved for the payee’s endorsement. The trailing edge of a check is defined as the left side of the check looking at it from the front. You and all other endorsers must make your endorsement within this prescribed area. If any endorsement or other writing that you or any other endorser makes causes any error or delay in the processing of the item, you agree that you will be liable for any loss that we incur as a result of that delay or error, and you agree to hold us harmless from any such loss. If you submit checks via mobile deposit the endorsement must state "For Mobile Deposit Only", or if present, the check box must be marked that the item is a mobile deposit. Failure to properly endorse checks submitted through mobile deposit may result in the item being refused for deposit. We will not be liable to you for checks we refuse to accept through mobile deposit.

Appears in 4 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.