Common use of Mobile Check Deposit Clause in Contracts

Mobile Check Deposit. 1. Description of Service and Consent You can make deposits to the Bank Account at no cost remotely by using the Mobile App to take a legible picture of the front and back of the negotiable check(s) and transmitting images of such instruments to us in compliance with our requirements ("Check Image(s)"). If the Check Image is accepted for deposit, we will notify you electronically. The Bank will then attempt to collect the item by presenting the image or converting the image into a digital representation of the original check ("Electronic Check"). Unlike traditional check deposits, you retain the original paper check when you use Mobile Check Deposit. See the paragraph captioned "Retention of Original Check" for retention requirements. The manner in which Electronic Checks are cleared, presented for payment and deposited will be determined by the Bank, at our sole discretion. We may change, modify, add, or remove functionality from Mobile Check Deposit at any time, with or without notice to you. We will determine whether you are eligible for the Mobile Check Deposit feature at our sole discretion. Please note that your mobile carrier may charge you for sending and receiving data to upload Check Images using the Mobile App. Limits may be imposed on the dollar amount or number of deposits you make through Mobile Check Deposit, which Varo reserves the right to modify as we deem necessary, including based on your account activity.

Mobile Check Deposit. 1. Description of Service and Consent You can make deposits to the Bank Account at no cost remotely by using the Mobile App to take a legible picture of the front and back of the negotiable check(s) and transmitting images of such instruments to us in compliance with our requirements ("Check Image(s)"). If the Check Image is accepted for deposit, we will notify you electronically. The Bank will then attempt to collect the item by presenting the image or converting the image into a digital representation of the original check ("Electronic Substitute Check"). Unlike traditional check deposits, you retain the original paper check when you use Mobile Check Deposit. See the paragraph captioned "Retention of Original Check" for retention requirements. The manner in which Electronic Substitute Checks are cleared, presented for payment and deposited will be determined by the Bank, at in our sole discretion. We may change, modify, add, add or remove functionality from Mobile Check Deposit at any time, with or without notice to you. We will determine whether you are eligible for the Mobile Check Deposit feature at our sole discretion. There is no fee for depositing a check by Mobile Check Deposit. Please note that your mobile carrier may charge you for sending and receiving data to upload Check Images using the Mobile App. Limits may be imposed on the dollar amount or number of deposits you make through Mobile Check Deposit, which Varo reserves the right to modify as we deem necessary, including based on your account activity.