Common use of Indorsements Clause in Contracts

Indorsements. You authorize the Credit Union, at its discretion, to accept transfers, checks, drafts, and other items for deposit into any of your accounts, whether or not they are indorsed by all payees. You authorize the Credit Union to supply missing indorsements if the Credit Union chooses to supply such indorsements. The Credit Union reserves the right to verify all indorsements on third party checks presented for deposit either in person or by comparison with member signature files. If an insurance, government, and certain other checks or drafts require an indorsement as set forth on the back of the check, the Credit Union may require indorsement as set forth on the check. Indorsements must be placed in the space on the back of the check between the top edge and 1½ inches from the top edge. The Credit Union may accept checks or drafts with indorsements outside this space. However, if any such indorsement or other markings you or any prior indorser make on the check cause any delay or error in processing the item for payment, you will be responsible for any loss incurred by the Credit Union due to the delay or error. You agree to indorse any check deposited through a mobile deposit service with your signature and the legend “For Mobile Deposit at Alaska Air Group Credit Union.”

Appears in 12 contracts

Samples: aagcu.org, aagcu.org, aagcu.org

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