Funds Availability. You understand and agree that deposits of Images via transmission to the Service may not be available for immediate withdrawal, and we may withhold the availability of funds from the deposited Image. Any hold placed on a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand and agree that, solely for the determination of any applicable hold, an Image will be deemed a “check” as that term is used in our Funds Availability Policy Disclosure. We do not guarantee that any Image transmitted via the Service will be received by the Service, accepted by the Credit Union or ultimately deposited to the Account. You understand and agree that any time-sensitive deposit (such as one to be used for a loan or other payment) should NOT be transmitted as an Image via the Service and should be presented in person at one of our locations. The Credit Union will not be responsible for any loss, charge or fee you incur as a result of your use of the Service which results in any late or non-payment of any withdrawal from the Account. Storage and Destruction of Original Checks – Upon receipt of confirmation that we have accepted an Image of an original Check, you understand and agree that you will retain possession of the original Check for a period of 30 calendar days, during which time you will ensure the safety and integrity of the original Check. You understand and agree that, at the expiration of this 30 calendar day period, you MUST destroy the original Check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image will be the only evidence of the original Check. You understand and agree that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original Check and to prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain the original Check, that we may require you to make the original Check available to us within 5 calendar days, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar days, we may reverse the deposit made to the Account, and that you will be responsible for any loss incurred by you, the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via the Service, the original Check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to us.
Appears in 2 contracts
Samples: Notice and Agreement, Notice and Agreement
Funds Availability. You understand and agree The funds for the Checks that deposits of Images via transmission to you deposit through the Service may not be immediately available to you. The funds for immediate withdrawal, and we may withhold the availability of funds from the deposited Image. Any hold placed on a deposit transmitted via the service all accepted Checks will be done so available in accordance with our Funds Bank's Availability Policy Disclosure, as amended from time to time. You understand and agree that, solely Cut Off Time for the determination of any applicable hold, an Image Deposits: Deposits made via "Mobile Deposit" must be made before 5 PM Central Standard Time in order to be considered deposited same day. Deposits made after 5 PM Central Standard Time will be deemed considered deposited the next business day. A business day is Monday through Friday, excluding Federal holidays. Storage, Security and Destruction of the Original Checks: You agree that once a “check” as that term is used in our Funds Availability Policy Disclosure. We do not guarantee that any Image transmitted via the Service will be received by Check has been deposited through the Service, accepted by the Credit Union original Check is your property and not the property of the Bank. You shall securely store the original Check for a reasonable period, not to exceed sixty (60) days, after you receive a deposit receipt through the Service that the Check has been accepted. While the original Check is in your possession, you agree to use a high degree of care to safeguard the original Check and related files against security risks. Security risks include, without limitation, the theft or ultimately deposited reproduction of the original Check or unauthorized use of the information on the Check or in the file. You shall take appropriate security measures to ensure that: a) only authorized persons shall have access to the Account. You understand original Check; b) the information contained on the Check shall not be disclosed to unauthorized persons; and agree that any time-sensitive deposit (such as one to be used for a loan or other paymentc) should NOT be transmitted as an Image via the Service and should be presented in person at one of our locations. The Credit Union original Check will not be responsible for duplicated, will not be scanned more than one time, and will not be presented, deposited or negotiated again in any lossway. Upon request by the Bank you will promptly provide to the Bank a retained original Check, charge or fee you incur as a result of your use sufficient copy of the Service which results front and back of the Check in form acceptable to us, to aid in the clearing and collection process, or to resolve claims by third parties, or for our audit or fraud loss prevention purposes. After the sixty (60) day retention period expires, you shall destroy the original Check by shredding it or by any late other permanent deletion manner that does not allow the original Check to be accessed by an unauthorized person(s) and in a manner that the original Check is no longer readable or non-payment capable of any withdrawal from the Accountbeing reconstructed. Storage and Destruction of Original Checks – Upon receipt of confirmation that we have accepted an Image After destruction of an original Check, you understand and agree that you will retain possession of the original Check for a period of 30 calendar days, during which time you will ensure the safety and integrity of the original Check. You understand and agree that, at the expiration of this 30 calendar day period, you MUST destroy the original Check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image image will be the only sole evidence of the original Check. You understand and agree that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard you will never present the original Check more than one time. You understand that you are responsible if anyone is asked to make a payment based on an original Check that has already been paid. You agree to be responsible to us for any losses, costs, expenses, and damages we may incur as a result of your failure to prevent comply with the provisions of this Section. Prohibition Against Presenting Checks More Than Once: Once you have used the Service to deposit a Check you agree not to present, or allow anyone else to present, that original Check or a substitute Check of that original Check again for deposit through the Service or by any further useother means. If you or anyone else present a Check or substitute Check for deposit more than once, in violation of this Agreement, you agree to indemnify, defend and hold the Bank harmless from and against all liability and damages that may result from any claims, suits or demands from third parties with respect to such Check or substitute Check. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain the original Check, that we may require you debit from your Bank account the aggregate amount of any Checks that are deposited more than once. To the extent that funds in your account are insufficient to make the original Check available to us within 5 calendar days, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar dayscover such amount, we may reverse shall debit the deposit made to the Account, and that you will be responsible for deficiency amount from any loss incurred by you, the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via the Service, the original Check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination other of your access to account(s) with the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to usBank in our sole discretion.
Appears in 1 contract
Samples: www.texasgulfbank.com
Funds Availability. You understand and agree that deposits of Images via transmission made using Mobile Deposit will be credited to the Service may your account balance immediately; however, generally funds will not be available for immediate withdrawal, and we may withhold until three (3) business days after the availability date of funds from the deposited Image. Any hold placed on a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand and agree that, solely for the determination of any applicable hold, an Image will be deemed a “check” as that term is used in our Funds Availability Policy Disclosuredeposit. We do not guarantee that any Image image transmitted via the Service Mobile Deposit will be received by the ServiceMobile Deposit, accepted by the Credit Union or ultimately deposited to the Accountaccount. You understand and agree that any time-sensitive deposit (such as one to be used for a loan or other payment) should NOT be transmitted as an Image image via the Service Mobile Deposit and should be presented in person at one of our locations. The Credit Union will not be responsible for any loss, charge or fee you incur as a result of your use of the Service Mobile Deposit which results in any late or non-payment of any withdrawal from the Account. Unpaid Items With respect to any item that you transmit to us by Mobile Deposit that we credit to your account, in the event such item is dishonored, you authorize us to debit the amount of such item from your account, including any applicable fees. Please see Prime Financial Credit Union’s current Fee Schedule. Storage and Destruction of Original Checks – Upon receipt of confirmation that we have accepted an Image of an original Check, you You understand and agree that you will retain possession of the original Check check for a period of 30 thirty (30) calendar days, during which time you will ensure the safety and integrity of the original Checkcheck. You understand and agree that, at the expiration of this 30 thirty (30) calendar day period, you MUST destroy the original Check check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Checkcheck, after which the Image image will be the only evidence of the original Checkcheck. You understand and agree that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original Check check and to prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Checkcheck, an Image image of which was transmitted via the Service Mobile Deposit for deposit to an Accountaccount. You understand and agree that, during such time as you retain the original Checkcheck, that we may require you to make the original Check check available to us within 5 fourteen (14) calendar days, at your expense. You further agree that if you fail to provide the original Check check to us within 5 fourteen (14) calendar days, we may reverse the deposit made to the Accountaccount, and that you will be responsible for any loss incurred by you, the Account account owner or us as a result of such reversal. You understand and agree that once an Image image of a Check check has been transmitted via the ServiceMobile Deposit, the original Check check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination of your access to the ServiceMobile Deposit, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to us.. Errors in Transmission You understand and agree that, by your use of Mobile Deposit, you accept all risk that an image or other information may be intercepted or misdirected during transmission. Further, you understand and agree that the Credit Union bears no liability to you or anyone else for any such intercepted or misdirected item or information disclosed through such error. Warranties and Indemnification Upon your request for access to Mobile Deposit, and each time you transmit an image via Mobile Deposit, you warrant to us that:
Appears in 1 contract
Samples: Prime Financial
Funds Availability. You understand and agree acknowledge that deposits of Images via transmission items transmitted using Mobile Check Deposit are not subject to the Service may not be available for immediate withdrawalfunds availability requirements of Federal Reserve Board Regulation CC. In general, if an image of an item you transmit through the Mobile Check Deposit is received and we may withhold the availability of funds from the deposited Image. Any hold placed accepted on a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand and agree thatany given Business Day, solely for the determination of any applicable hold, an Image will be deemed a “check” as that term is used in our Funds Availability Policy Disclosure. We do not guarantee that any Image transmitted via the Service will be received by the Service, accepted by the Credit Union or ultimately deposited to the Account. You understand and agree will consider that any time-sensitive deposit (such as one day to be used for a loan or other paymentthe day of your deposit. Otherwise, the Credit Union will consider that the deposit was made on the next Business Day. Funds deposited using the Mobile Check Deposit will generally be made available in two (2) should NOT be transmitted as an Image via Business Days from the Service and should be presented in person at one day of our locationsdeposit. The Credit Union will not be responsible for any lossmay make such funds available sooner based on such factors as credit worthiness, charge or fee you incur as a result the length and extent of your use relationship with the Credit Union, transaction and experience information, and such other factors as the Credit Union, in its sole discretion, deems relevant. However, the Credit Union may delay your access to funds as determined by other factors at its discretion, such as, but not limited to; the amount of item deposited, transaction activity, non-sufficient funds count, returned item count, account balance, account restrictions and type of item being deposited. Retaining and Securing Checks. You agree to retain the check for at least seven (7) calendar days from the date of the Service which results in any late successful image transmission. After you have received confirmation of your deposit, you agree to xxxx "VOID" on the deposited check, or non-payment otherwise render it incapable of any withdrawal from further transmission, deposit, or presentment. During the Accounttime the retained check is available, you agree to promptly provide it to the Credit Union upon request. Storage and Destruction of Original Checks – Upon receipt of confirmation During the period that we have accepted an Image of an you maintain the original Checkchecks, you understand and agree that you will retain possession must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original Check checks for a period purposes of 30 calendar dayspresentment for deposit of these original checks (i.e., during which time you will ensure the safety and integrity of after the original Check. You understand checks have already been presented for deposit via the Mobile Remote Deposit Capture feature) and agree that, at the expiration (ii) unauthorized use of this 30 calendar day period, you MUST destroy information derived from the original Check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image will be the only evidence of the original Checkchecks. You understand and agree that it is your responsibility to establish you must use a high degree of care when selecting and maintain appropriate implementing destruction and disposal procedures and controls to safeguard for the original Check and checks. Among other things, these procedures must be designed to prevent any further use. You agree ensure that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain the original Checkchecks are not accessed by unauthorized persons during the destruction and disposal process (e.g., that we may require you to make through the original Check available to us within 5 calendar daysuse of competent shredding equipment) and, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar days, we may reverse the deposit made to the Account, and that you will be responsible for any loss incurred by you, the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via the Servicedestroyed, the original Check may never again be used for any purpose, particularly for deposit. Any violation checks are no longer readable or capable of this provision may result in immediate termination of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to usbeing reconstructed.
Appears in 1 contract
Funds Availability. You understand and agree that deposits of Images via transmission made using Mobile Deposit will be credited to the Service may your account balance immediately; however, generally funds will not be available for immediate withdrawal, and we may withhold until three (3) business days after the availability date of funds from the deposited Image. Any hold placed on a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand and agree that, solely for the determination of any applicable hold, an Image will be deemed a “check” as that term is used in our Funds Availability Policy Disclosuredeposit. We do not guarantee that any Image image transmitted via the Service Mobile Deposit will be received by the ServiceMobile Deposit, accepted by the Credit Union or ultimately deposited to the Accountaccount. You understand and agree that any time-time- sensitive deposit (such as one to be used for a loan or other payment) should NOT be transmitted as an Image image via the Service Mobile Deposit and should be presented in person at one of our locations. The Credit Union will not be responsible for any loss, charge or fee you incur as a result of your use of the Service Mobile Deposit which results in any late or non-payment of any withdrawal from the Account. Unpaid Items With respect to any item that you transmit to us by Mobile Deposit that we credit to your account, in the event such item is dishonored, you authorize us to debit the amount of such item from your account, including any applicable fees. Please see Prime Financial Credit Union’s current Fee Schedule. Storage and Destruction of Original Checks – Upon receipt of confirmation that we have accepted an Image of an original Check, you You understand and agree that you will retain possession of the original Check check for a period of 30 thirty (30) calendar days, during which time you will ensure the safety and integrity of the original Checkcheck. You understand and agree that, at the expiration of this 30 thirty (30) calendar day period, you MUST destroy the original Check check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Checkcheck, after which the Image image will be the only evidence of the original Checkcheck. You understand and agree that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original Check check and to prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Checkcheck, an Image image of which was transmitted via the Service Mobile Deposit for deposit to an Accountaccount. You understand and agree that, during such time as you retain the original Checkcheck, that we may require you to make the original Check check available to us within 5 fourteen (14) calendar days, at your expense. You further agree that if you fail to provide the original Check check to us within 5 fourteen (14) calendar days, we may reverse the deposit made to the Accountaccount, and that you will be responsible for any loss incurred by you, the Account account owner or us as a result of such reversal. You understand and agree that once an Image image of a Check check has been transmitted via the ServiceMobile Deposit, the original Check check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination of your access to the ServiceMobile Deposit, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to us.. Errors in Transmission You understand and agree that, by your use of Mobile Deposit, you accept all risk that an image or other information may be intercepted or misdirected during transmission. Further, you understand and agree that the Credit Union bears no liability to you or anyone else for any such intercepted or misdirected item or information disclosed through such error. Warranties and Indemnification Upon your request for access to Mobile Deposit, and each time you transmit an image via Mobile Deposit, you warrant to us that:
Appears in 1 contract
Samples: pfcu.blob.core.windows.net
Funds Availability. You understand For purposes of funds availability, Mobile Deposits are considered deposited at a branch or ATM of this financial institution. Mobile Deposits confirmed as received and agree accepted before close of business on a business day will be credited to your account within 24 hours of receipt. Xxxxxxxx confirmed received and accepted after close of business, and deposits confirmed received on holidays or days that deposits are not business days will be credited to your account within 24 hours of Images via transmission to the Service may not following business day. Funds will be available for immediate withdrawalas described in our Funds Availability Disclosure. In some cases, and we may withhold will not make all of the availability of funds from the deposited Image. Any hold placed on a that you deposit transmitted via the service will be done so Services available to you in accordance with our Funds Availability Policy Disclosureregular funds availability schedule. You understand and agree thatIf we are not going to make all of the funds from your deposit available to you in accordance with our funds availability schedule, solely for we will notify you at the determination of any applicable hold, an Image time your deposit is accepted via the Services. We will also tell you when the funds will be deemed a “check” as that term is used in our Funds Availability Policy Disclosureavailable. We do not guarantee that any Image transmitted via the Service will In addition, funds you deposit by check may be received by the Service, accepted by the Credit Union or ultimately deposited to the Account. You understand and agree that any time-sensitive deposit (such as one to be used delayed for a loan or other payment) should NOT be transmitted as an Image via longer period under the Service and should be presented in person at one of our locations. The Credit Union following circumstances: • We believe a check you deposit will not be responsible paid. • You deposit checks totaling more than the limit allowed by R Bank on any one day. • You redeposit a check that has been returned unpaid. • You have overdrawn your account repeatedly in the last six months. • There is an emergency, such as failure of computer or communications equipment. The availability of funds you deposit via the Services may also be delayed for a variety of additional reasons as determined in R Bank’s sole discretion, including, but not limited to: • We believe a check you deposit is a duplicate image. • You deposit checks totaling more than any applicable per item limit, daily dollar amount limit, monthly item limit or any other limitations on the Services that R Bank may impose. • We exercise our rights to investigate any unusual or suspicious Mobile Deposit items as determined in R Bank’s sole discretion. We will generally notify you if we delay your ability to withdraw funds for any lossof these or other reasons, charge or fee and we will attempt to tell you incur as when such funds will be available. If you will need the funds from a result of your use of deposit via the Service which results in any late or non-payment of any withdrawal from the Account. Storage and Destruction of Original Checks – Upon receipt of confirmation that we have accepted an Image of an original CheckServices, you understand and agree that you will retain possession of should contact us to inquire when the original Check for a period of 30 calendar days, during which time you will ensure the safety and integrity of the original Check. You understand and agree that, at the expiration of this 30 calendar day period, you MUST destroy the original Check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image funds will be the only evidence of the original Check. You understand and agree that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original Check and to prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain the original Check, that we may require you to make the original Check available to us within 5 calendar days, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar days, we may reverse the deposit made to the Account, and that you will be responsible for any loss incurred by you, the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via the Service, the original Check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to usavailable.
Appears in 1 contract
Samples: Deposit Capture User Agreement
Funds Availability. You understand and agree If we confirm our receipt of your deposit information on a business day before 7:00 p.m. Pacific Time, we will consider that deposits day to be the day of Images via transmission to your deposit. However, if we confirm receipt of your deposit information after this hour or on a day we are not open, we will consider that the Service may not deposit was made on the next business day. Funds deposited using Mobile Deposit will generally be available on the second business day after the day of deposit. If you are a new customer, Bank may hold funds from your mobile deposit for immediate withdrawalup to 10 business days during the first 30 days your account is open. If Bank will delay availability of the funds for a longer period, and you will receive notice indicating when the funds will be available to you. If the maker of a check or another third party makes a claim against us or seeks a recredit with respect to any check processed through this Service, we may withhold provisionally freeze or hold aside a like amount in your account pending our investigation and resolution of the availability of funds from the deposited Image. Any hold placed on a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand and agree that, solely for the determination of any applicable hold, an Image will be deemed a “check” as that term is used in our Funds Availability Policy Disclosureclaim. We do also may charge your account for any check that is returned, whether or not guarantee that the return is timely or proper. If a check is returned to us for any Image transmitted via reason, we may return it to you in the Service will be received by form of a substitute check. If you decide to redeposit the Servicereturned item, accepted by you may only redeposit the Credit Union or ultimately deposited to the Account. You understand and agree that any time-sensitive deposit (such as one to be used for a loan or other payment) should NOT be transmitted as an Image via the Service and should be presented substitute check in person at one of our locationsbranches; you may not deposit the original check without advising us that it was previously deposited electronically and obtaining our written approval. The Credit Union will not be responsible for any loss▪ Your warranties. You represent and warrant the following with respect to each check that you deposit through the Service: (a) you have the legal right to deposit and negotiate the check, charge or fee you incur as a result of your use regardless of the Service which results in any late or non-payment name of any withdrawal from the Account. Storage payee shown on the check; (b) you are the holder of the check and Destruction of Original Checks – Upon receipt of confirmation that we have accepted an Image of an original Check, you understand the person entitled to enforce it; (c) the images and agree information that you will retain possession transmit accurately represent all of the information on the front and back of the original Check for a period of 30 calendar dayscheck, during which time you will ensure the safety and integrity of the original Check. You understand and agree thatincluding (without limitation) all endorsements, at the expiration time of this 30 calendar day periodtransmission; (d) you have not taken any action that would obscure, you MUST destroy alter or impair the original Check via a commercially acceptable means capture or transmission of destruction, including shredding (preferably via a cross-cut shredder), burning information on the front or pulverizing the original Check, after which the Image will be the only evidence back of the original Check. You understand and agree check or that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original Check and to otherwise may prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during another bank from capturing or processing such time as you retain the original Check, that we may require you to make the original Check available to us within 5 calendar days, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar days, we may reverse the deposit made to the Account, and that you will be responsible for any loss incurred by you, the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via the Service, the original Check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to us.information;
Appears in 1 contract
Samples: Mobile Banking Agreement
Funds Availability. You understand acknowledge and agree that deposits of Images via transmission made with the Service are not subject to the Service may not funds availability requirements of Federal Reserve Board Regulation CC, which applies to deposits made at a Bank branch. Generally, mobile deposits received and accepted on a business day before 7pm PT will be considered deposited on that day and funds will be available for immediate withdrawalthe next business day. If the mobile deposit is received and accepted after 7pm PT or on a non-business day, it will be considered deposited on the next business day and we funds will typically be available the second business day. Processing could be delayed if this is your first Mobile Deposit. In addition, the Mobile Deposit Agreement and Disclosure contains additional information about reasons why your deposit may withhold be delayed. These include but are not limited to; the deposit exceeds the number or dollar limits, is not considered an eligible item, or lacks an appropriate endorsement. We may change the cutoff time at our sole discretion. Such change shall be effective immediately and may be implemented before you receive notice of the change. You may contact us at any time to verify our current cutoff time. We may delay availability of funds from based on factors such as the deposited Imagelength and extent of your relationship with us, transaction and experience information, the Bank’s ability to review a deposit, or other factors at the Bank’s discretion. Any hold placed on Once the Bank has accepted a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand and agree that, solely for the determination of any applicable hold, an Image will be deemed a “check” as that term is used in our Funds Availability Policy Disclosure. We do not guarantee that any Image transmitted via the Service will be received by the Service, we are not able to delete or remove it from the collection process and it becomes subject to our funds availability policy described above. We will notify you if your deposit with the Service is accepted by or rejected for processing. We reserve the Credit Union or ultimately deposited right to the Accountreject any Image for any lawful reason without liability. You understand and agree that any time-sensitive deposit (If an item is rejected, such as one for reasons of illegibility for example, the check may be brought into a branch for re-presentment. We are not responsible for any check images we do not actually receive, including, without limitation, any image that is dropped or altered during or after transmission by you. No check image will be considered received by us until we transmit to you a confirmation of our receipt. A confirmation does not mean that the image will be processed or is error-free. Images may be rejected if they are illegible, unable to be used for a loan viewed due to image quality, or the original item is damaged. Images must be complete, usable and in compliance with any data specifications provided in this Agreement and other payment) should NOT be transmitted as an Image via specifications we might establish. If check image does not comply with those specifications or in our judgment is otherwise incomplete or unusable, we may decline to process it. In that case, the Service and should be presented in person at one of our locations. The Credit Union check image will not be responsible for any loss, charge or fee deemed “received,” and we will adjust your deposit and provide you incur as a result of your use with notification of the Service which results in any late or non-payment of any withdrawal from the Account. Storage and Destruction of Original Checks – Upon receipt of confirmation that we have accepted an Image of an original Check, you understand and agree that you will retain possession of the original Check for a period of 30 calendar days, during which time you will ensure the safety and integrity of the original Check. You understand and agree that, at the expiration of this 30 calendar day period, you MUST destroy the original Check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image will be the only evidence of the original Check. You understand and agree that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original Check and to prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain the original Check, that we may require you to make the original Check available to us within 5 calendar days, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar days, we may reverse the deposit made to the Account, and that you will be responsible for any loss incurred by you, the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via the Service, the original Check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to usadjustment.
Appears in 1 contract
Samples: www.citizensebank.com
Funds Availability. You understand and agree that deposits of Images via transmission items transmitted to us using the Services are not subject to the Service may funds availability requirements of Regulation CC or the Funds Availability Policy in the Deposit Account Agreement. In general, if an image of an item you transmit to us through the Services is received and accepted by us by 4:00 p.m. (CT) on a business day that we are open, we consider that day to be the day of your deposit. An image of an item will not be deemed “received” by us until we receive an image that meets all the requirements of this Agreement. If an image of an item you transmit to us through the Services is received and accepted by us after 4:00 p.m. (CT) on a business day that we are open or on a day that is not a business day we are open, we will consider the next business day we are open to be the day of your deposit. Funds will generally be available for immediate withdrawalwithdrawal on the day of your deposit after the check has been credited to your Account. For purposes of this paragraph, business day means Monday through Friday, excluding federal holidays and days the Federal Reserve is not open even if we are open, and we excluding Christmas Eve day. CEFCU may withhold the delay availability of funds from based on such factors as the deposited Image. Any hold placed on a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand length and agree that, solely for the determination of any applicable hold, an Image will be deemed a “check” as that term is used in our Funds Availability Policy Disclosure. We do not guarantee that any Image transmitted via the Service will be received by the Service, accepted by the Credit Union or ultimately deposited to the Account. You understand and agree that any time-sensitive deposit (such as one to be used for a loan or other payment) should NOT be transmitted as an Image via the Service and should be presented in person at one of our locations. The Credit Union will not be responsible for any loss, charge or fee you incur as a result extent of your use of the Service which results relationship with us, your transaction and experience information with us, and such other factors as CEFCU, in any late or non-payment of any withdrawal from the Accountits sole discretion, deems relevant. Storage Retention and Destruction of Original Checks – Checks. Upon your receipt of confirmation from us that we have accepted an Image of an original Checkprocessed the image, you understand agree to securely store the original check for 30 days thereafter (or for a longer period as directed by us if the check is the subject of any dispute) and make the original check accessible to us at our request. Upon our request within such period you agree to deliver to us within 5 days, at your expense, the original of any check transmitted to us using the Services. If you do not provide the original check as requested in a timely manner, you agree that you will retain possession of the original Check for a any amount previously credited to your Account may be debited from your Account. Promptly after such 30 day period of 30 calendar days, during which time you will ensure the safety and integrity of the original Check. You understand and agree that, at the expiration of this 30 calendar day periodexpires, you MUST agree to destroy the original Check via a check by first marking it “VOID” and then destroying it by cross-cut shredding or another commercially acceptable means of destruction. After destruction of an original check, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image image will be the only sole evidence of the original Checkcheck. The image of the check will not be stored on your mobile or other electronic device. To obtain a copy of the image, you must contact our Record Center and certain fees may apply. You understand and agree that it is your responsibility will notify us immediately by telephone at 000.000.0000 with written confirmation to establish and maintain appropriate procedures and controls to safeguard the CEFCU, P.O. Box 1715, Peoria, Illinois 61656-1715, if you learn of any loss or theft of original Check and to prevent any further usechecks. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain never re-present the original Check, that we may require you to make the original Check available to us within 5 calendar days, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar days, we may reverse the deposit made to the Account, and that you will be responsible for any loss incurred by you, the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via the Service, the original Check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to uscheck.
Appears in 1 contract
Samples: Cefcu Mobile Check Deposit
Funds Availability. You understand and agree that deposits of Images via transmission to the Service may not be available for immediate withdrawal, and we may withhold the availability of funds from the deposited Image. Any hold placed on a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand and agree that, solely for purposes of deposits made using the determination Services, the place of any applicable holddeposit is Maite, an Image will be deemed a “check” as that term is used in our Funds Availability Policy DisclosureGuam. We do not guarantee that any Image transmitted via the Service will be received by the Service, accepted by the Credit Union or ultimately deposited With regard to the Accountavailability of deposits made using the Services, such funds w ill be available as set forth below . You understand This policy statement applies to "transaction" accounts. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third persons and agree an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be under this policy. Our policy is to make funds from your cash, check, and electronic direct deposits available to you on the same day we receive your deposit. At that time, you can w ithdraw the funds in cash and we w ill use the funds to pay checks that you have written. Please remember that even after we have made funds available to you, and you have w ithdraw n the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any time-sensitive other problems involving your deposit. For determining the availability of your deposits, every day is a business day, except Sundays, and federal holidays. If you make a deposit (such as one before closing on a business day that we are open, we w ill consider that day to be used for the day of your deposit. However, if you make a loan deposit after closing or other payment) should NOT be transmitted as an Image via on a day we are not open, we w ill consider that the Service and should be presented in person deposit was made on the next business day we are open. If you make a deposit at one of our locationsnight deposits, we w ill consider that the deposit was made on the next business day we are open. The Credit Union If you make a deposit at an ATM we will not be responsible for any loss, charge or fee you incur as a result consider that the deposit was made on the next business day after the day of your use of the Service which results in any late or non-payment of any withdrawal from the Accountdeposit. Storage and Destruction of Original Checks – Upon receipt of confirmation If we cash a check for you that we have accepted an Image of an original Check, you understand and agree that you will retain possession of the original Check for a period of 30 calendar days, during which time you will ensure the safety and integrity of the original Check. You understand and agree that, at the expiration of this 30 calendar day period, you MUST destroy the original Check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image will be the only evidence of the original Check. You understand and agree that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original Check and to prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain the original Check, that we may require you to make the original Check available to us within 5 calendar days, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar daysdrawn on another bank, we may reverse w ithhold the availability of a corresponding amount of funds that are already in your account. Those funds w ill be available at the time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to w ithdraw a corresponding amount of funds that you have on deposit in another account w ith us. The funds in the other account would then not be available for withdrawal until the time periods that are described elsew here in this disclosure for the type of check that you deposited. Longer Delays May Apply Case-by-case delays. In some cases, depending on the type of check that you deposit, we w ill not make all of the funds that you deposit by check available to you on the same day we receive your deposit. If we are not going to make all of the funds from your deposit available on the same day we receive your deposit, we w ill notify you at the time you make your deposit. We w ill also tell you when the funds w ill be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the Accountpremises, we w ill mail you the notice by the day after we receive your deposit. If you w ill need the funds from a deposit right away, you should ask us when the funds w ill be available. Safeguard exceptions. In addition, funds you deposit by check may be delayed for a longer period under the follow ing circumstances: We believe a check you deposit w ill not be paid. You deposit checks totaling more than $5,000 on any one day. You redeposit a check that has been returned unpaid. You have overdraw n your account repeatedly in the last six months. There is an emergency, such as failure of computer or communications equipment. We w ill notify you if we delay your ability to withdraw funds for any of these reasons, and that we w ill tell you will when the funds w ill be responsible for any loss incurred by you, available. They w ill generally be available no later than the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via tenth business day after the Service, the original Check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination day of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to usdeposit.
Appears in 1 contract
Samples: Services Disclosure and Agreement
Funds Availability. You understand and agree that deposits of Images via transmission the items transmitted using the Service are not subject to the Service funds availability requirements of Regulation CC. • If you successfully deposit a check on a Business Day prior to the Mobile Check Deposit Cut-Off Time of 7:00 pm central standard time, that same Business Day will be the day of your deposit. Otherwise, the day of your deposit will be on the next Business Day. • We will generally make funds available to you one Business Day after the day of your deposit. • However, we may hold the funds from your deposit for up to 3 Business Days after the day of your deposit. We, in our sole discretion, may make such funds available sooner or may extend the hold period beyond the 3 Business Days, based on such factors as credit worthiness, the length and extent of your relationship with us, transaction and experience information, and such other factors as we deem relevant. We will notify you if we elect to extend the hold period for any reason. • If the maker of an item or another third party makes a claim against us or seeks a re-credit with respect to any item processed through the Service, we may provisionally freeze or hold aside a like amount in your account pending our investigation and resolution of the claim. • We also may charge or offset any of your accounts for any item that is returned, whether or not the return is timely or proper. • If an item is returned to us for any reason, we may return it to you in the form of a substitute check. • If you decide to redeposit the returned item, you may only redeposit the returned item we provide you, not the original item. • Substitute checks are Prohibited Items and may not be available deposited using the Service. • We may elect to extend the hold period for immediate withdrawal, any reason and will notify you if we may withhold do so. • If the availability maker of funds from the deposited Image. Any hold placed on an item or another third party makes a deposit transmitted via the service will be done so in accordance claim against us or seeks a re-credit with our Funds Availability Policy Disclosure. You understand and agree that, solely for the determination of respect to any applicable hold, an Image will be deemed a “check” as that term is used in our Funds Availability Policy Disclosure. We do not guarantee that any Image transmitted via the Service will be received by item processed through the Service, accepted by we may provisionally freeze or hold aside a like amount in your account pending our investigation and resolution of the Credit Union claim. • We also may charge or ultimately deposited to the Account. You understand and agree that offset any time-sensitive deposit (such as one to be used for a loan or other payment) should NOT be transmitted as an Image via the Service and should be presented in person at one of our locations. The Credit Union will not be responsible your accounts for any lossitem that is returned, charge whether or fee you incur as a result of your use of not the Service which results in any late return is timely or non-payment of any withdrawal from the Accountproper. Storage and Destruction of Original Checks – Upon receipt of confirmation that we have accepted • If an Image of an original Check, you understand and agree that you will retain possession of the original Check for a period of 30 calendar days, during which time you will ensure the safety and integrity of the original Check. You understand and agree that, at the expiration of this 30 calendar day period, you MUST destroy the original Check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image will be the only evidence of the original Check. You understand and agree that it item is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original Check and to prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain the original Check, that we may require you to make the original Check available returned to us within 5 calendar days, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar daysfor any reason, we may reverse return it to you in the deposit made form of a substitute check. • If you decide to redeposit the Accountreturned item, and that you will be responsible for any loss incurred by may only redeposit the returned item we provide you, not the Account owner or us as a result of such reversaloriginal item. You understand • Substitute checks are Prohibited Items and agree that once an Image of a Check has been transmitted via may not be deposited using the Service, the original Check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to us.
Appears in 1 contract
Samples: Online Banking Agreement
Funds Availability. You understand and agree that deposits of Images via transmission to the Service may not be available for immediate withdrawal, and we may withhold the availability of funds from the deposited Image. Any hold placed on a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand and agree that, solely for purposes of deposits made using the determination Services, the place of any applicable holddeposit is Maite, an Image will be deemed a “check” as that term is used in our Funds Availability Policy DisclosureGuam. We do not guarantee that any Image transmitted via the Service will be received by the Service, accepted by the Credit Union or ultimately deposited With regard to the Accountavailability of deposits made using the Services, such funds w ill be available as set forth below . You understand This policy statement applies to "transaction" accounts. Transaction accounts, in general, are accounts which permit an unlimited number of payments to third persons and agree an unlimited number of telephone and preauthorized transfers to other accounts of yours with us. Checking accounts are the most common transaction accounts. Feel free to ask us whether any of your other accounts might also be under this policy. Our policy is to make funds from your cash, check, and electronic direct deposits available to you on the same day we receive your deposit. At that time, you can w ithdraw the funds in cash and we w ill use the funds to pay checks that you have written. Please remember that even after we have made funds available to you, and you have w ithdraw n the funds, you are still responsible for checks you deposit that are returned to us unpaid and for any time-sensitive other problems involving your deposit. For determining the availability of your deposits, every day is a business day, except Sundays, and federal holidays. If you make a deposit (such as one before closing on a business day that we are open, we w ill consider that day to be used for the day of your deposit. However, if you make a loan deposit after closing or other payment) should NOT be transmitted as an Image via on a day we are not open, we w ill consider that the Service and should be presented in person deposit was made on the next business day we are open. If you make a deposit at one of our locationsnight deposits, we w ill consider that the deposit was made on the next business day we are open. The Credit Union If you make a deposit at an ATM we will not be responsible for any loss, charge or fee you incur as a result consider that the deposit was made on the next business day after the day of your use of the Service which results in any late or non-payment of any withdrawal from the Accountdeposit. Storage and Destruction of Original Checks – Upon receipt of confirmation If we cash a check for you that we have accepted an Image of an original Check, you understand and agree that you will retain possession of the original Check for a period of 30 calendar days, during which time you will ensure the safety and integrity of the original Check. You understand and agree that, at the expiration of this 30 calendar day period, you MUST destroy the original Check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image will be the only evidence of the original Check. You understand and agree that it is your responsibility to establish and maintain appropriate procedures and controls to safeguard the original Check and to prevent any further use. You agree that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain the original Check, that we may require you to make the original Check available to us within 5 calendar days, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar daysdrawn on another bank, we may reverse w ithhold the availability of a corresponding amount of funds that are already in your account. Those funds w ill be available at the time funds from the check we cashed would have been available if you had deposited it. If we accept for deposit a check that is drawn on another bank, we may make funds from the deposit available for withdrawal immediately but delay your availability to w ithdraw a corresponding amount of funds that you have on deposit in another account w ith us. The funds in the other account would then not be available for w ithdraw al until the time periods that are described elsew here in this disclosure for the type of check that you deposited. Longer Delays May Apply Case-by-case delays. In some cases, depending on the type of check that you deposit, we w ill not make all of the funds that you deposit by check available to you on the same day we receive your deposit. If we are not going to make all of the funds from your deposit available on the same day we receive your deposit, we w ill notify you at the time you make your deposit. We w ill also tell you when the funds w ill be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the Accountpremises, we w ill mail you the notice by the day after we receive your deposit. If you w ill need the funds from a deposit right away, you should ask us when the funds w ill be available. Safeguard exceptions. In addition, funds you deposit by check may be delayed for a longer period under the follow ing circumstances: We believe a check you deposit w ill not be paid. You deposit checks totaling more than $5,000 on any one day. You redeposit a check that has been returned unpaid. You have overdraw n your account repeatedly in the last six months. There is an emergency, such as failure of computer or communications equipment. We w ill notify you if we delay your ability to withdraw funds for any of these reasons, and that we w ill tell you will when the funds w ill be responsible for any loss incurred by you, available. They w ill generally be available no later than the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via tenth business day after the Service, the original Check may never again be used for any purpose, particularly for deposit. Any violation of this provision may result in immediate termination day of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to usdeposit.
Appears in 1 contract
Funds Availability. You understand and agree acknowledge that deposits of Images via transmission items transmitted using the Mobile Check Deposit are not subject to the Service may not be available for immediate withdrawalfunds availability requirements of Federal Reserve Board Regulation CC. In general, if an image of an item you transmit through Mobile Check Deposit is received and we may withhold the availability of funds from the deposited Image. Any hold placed accepted on a deposit transmitted via the service will be done so in accordance with our Funds Availability Policy Disclosure. You understand and agree thatany given Business Day, solely for the determination of any applicable hold, an Image will be deemed a “check” as that term is used in our Funds Availability Policy Disclosure. We do not guarantee that any Image transmitted via the Service will be received by the Service, accepted by the Credit Union or ultimately deposited to the Account. You understand and agree will consider that any time-sensitive deposit (such as one day to be used for a loan or other paymentthe day of your deposit. Otherwise, the Credit Union will consider that the deposit was made on the next Business Day. Funds deposited using Mobile Check Deposit will generally be made available in two (2) should NOT be transmitted as an Image via Business Days from the Service and should be presented in person at one day of our locationsdeposit. The Credit Union will not be responsible for any lossmay make such funds available sooner based on such factors as credit worthiness, charge or fee you incur as a result the length and extent of your use relationship with the Credit Union, transaction and experience information, and such other factors as the Credit Union, in its sole discretion, deems relevant. However, the Credit Union may delay your access to funds as determined by other factors at its discretion, such as, but not limited to; the amount of item deposited, transaction activity, non-sufficient funds count, returned item count, account balance, account restrictions and type of item being deposited. Retaining and Securing Checks. You agree to retain the check for at least seven (7) calendar days from the date of the Service which results in any late successful image transmission. After you have received confirmation of your deposit, you agree to xxxx "VOID" on the deposited check, or non-payment otherwise render it incapable of any withdrawal from further transmission, deposit, or presentment. During the Accounttime the retained check is available, you agree to promptly provide it to the Credit Union upon request. Storage and Destruction of Original Checks – Upon receipt of confirmation During the period that we have accepted an Image of an you maintain the original Checkchecks, you understand and agree that you will retain possession must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original Check checks for a period purposes of 30 calendar dayspresentment for deposit of these original checks (i.e., during which time you will ensure the safety and integrity of after the original Check. You understand checks have already been presented for deposit via the Mobile Remote Deposit Capture feature) and agree that, at the expiration (ii) unauthorized use of this 30 calendar day period, you MUST destroy information derived from the original Check via a commercially acceptable means of destruction, including shredding (preferably via a cross-cut shredder), burning or pulverizing the original Check, after which the Image will be the only evidence of the original Checkchecks. You understand and agree that it is your responsibility to establish you must use a high degree of care when selecting and maintain appropriate implementing destruction and disposal procedures and controls to safeguard for the original Check and checks. Among other things, these procedures must be designed to prevent any further use. You agree ensure that you will notify us IMMEDIATELY if you learn of the loss or theft of an original Check, an Image of which was transmitted via the Service for deposit to an Account. You understand and agree that, during such time as you retain the original Checkchecks are not accessed by unauthorized persons during the destruction and disposal process (e.g., that we may require you to make through the original Check available to us within 5 calendar daysuse of competent shredding equipment) and, at your expense. You further agree that if you fail to provide the original Check to us within 5 calendar days, we may reverse the deposit made to the Account, and that you will be responsible for any loss incurred by you, the Account owner or us as a result of such reversal. You understand and agree that once an Image of a Check has been transmitted via the Servicedestroyed, the original Check may never again be used for any purpose, particularly for deposit. Any violation checks are no longer readable or capable of this provision may result in immediate termination of your access to the Service, and the recovery of any loss incurred by the Credit Union for any violation of this provision will be pursued by any collection means available to usbeing reconstructed.
Appears in 1 contract
