Mobile Check Deposit. If enabled by Platform for your Account, mobile check deposit ("Mobile Deposit") allows you to make deposits to your Account remotely by using Platform’s Mobile Application to take a legible picture of the front and back of the negotiable check(s) and transmitting images of such instruments to Bank in compliance with Bank’s requirements ("Check Image(s)"). The Bank will attempt to collect the item by presenting the image or converting the image into a digital representation of the original check ("Substitute Check"). Unlike traditional check deposits, you retain the original paper check when you use Mobile Deposit. See Section “Substitute Check Policy Disclosure” for further information on Substitute Checks and Section "Retention of Original Check" below for retention requirements. The manner in which Substitute Checks are cleared, presented for payment and deposited will be determined by the Bank, in Bank’s sole discretion. Platform or Bank may change, modify, add or remove functionality from Mobile Deposit at any time, with or without notice to you. In addition, the following terms and conditions apply to Mobile Deposit: (A)
Appears in 5 contracts
Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement
