Mobile Deposit Capture Service Sample Clauses
The Mobile Deposit Capture Service clause defines the terms under which a customer can deposit checks remotely using a mobile device. It typically outlines the process for capturing and submitting images of endorsed checks through a bank's mobile application, including any eligibility requirements, limits on deposit amounts, and responsibilities for ensuring image quality and check authenticity. This clause ensures that both the bank and the customer understand the procedures and liabilities involved, thereby facilitating convenient remote deposits while managing risks associated with electronic check processing.
Mobile Deposit Capture Service. Mobile Deposit Capture service allows you to make deposits to your accounts using compatible and supported mobile phones and/or other compatible and supported Mobile Devices. You must designate a Credit Union savings, checking or loan account as the settlement account to be used for the purposes of settling, in aggregate, the financial transactions requested in connection with a Deposit Capture service. The Credit Union shall provide you with details of the specific transactions, reported similarly as other transactions may be done, that were a result of access to the service.
Mobile Deposit Capture Service. The following terms and conditions govern the use of the Mobile Deposit Capture Services. You have entered into with the Credit Union governing your accounts are incorporated by reference and made a part of this Agreement. In case of any conflict between this Agreement and your other Credit Union agreements, specific provisions regarding Mobile Deposit Capture Services in this Agreement control over general provisions.
Mobile Deposit Capture Service a. The Service allows you to make certain deposits electronically by using a capture device to create an electronic image of a paper check or other paper source document only payable in U.S. Dollars ("Item") by scanning the Item and transmitting it and related data to us. As part of the Service you must use software and hardware provided by or acceptable to us. You are solely responsible for information or data that is transmitted, supplied or key-entered by you or anyone that uses your device. Before you scan any Item, you shall endorse all Items with your name and the legend "For Mobile Deposit Only.”
b. You agree that after the Item has been scanned and submitted for deposit, you shall not otherwise transfer or negotiate the original Item, substitute check or any other image thereof. You further agree that you shall be solely responsible for the original Items, including storage, retrieval and destruction.
c. You agree that the electronic image of the Item or any substitute check, as defined by federal law, will become the legal representation of the Item for all purposes, including return items processing.
d. If we receive a scanned item on or before 6:00 p.m. CST on a business day we are open, we will consider that day to be the day of deposit. If we receive a scanned Item after 6:00 p.m. CST or on a weekend or a state or federal holiday, we will consider that the deposit was made on the next business day.
Mobile Deposit Capture Service. The Mobile Deposit Capture Service ("Mobile Deposit") is offered as part of the Mobile Banking Service and is designed to allow you to make eligible check deposits to your checking, savings, or money market accounts using an approved device to transmit images of your checks and associated deposit information to SCCU. Once accepted, your eligible checks will be either processed electronically or converted to substitute checks based on the information you provide. There is currently no charge for Mobile Deposit. The following terms apply specifically to Mobile Deposit:
Mobile Deposit Capture Service. This Service allows you to deposit (“Original Checks”) to your checking, or savings accounts with the Credit Union App from home or other remote locations by using your eligible mobile device to capture front and back images of the Original Checks and transmitting the digital images and associated deposit information (“Images”) to us or our Processor with your mobile device. The Credit Union will review the images to ensure it meets image quality standards for deposit and collection of the check.
(1) You must be enrolled in Online Banking (2) Have the mobile app installed on your mobile device (3) Have one or more eligible deposit accounts and your accounts must be in good standing.
(3) Download the Credit Union’s app (4) Submit an application to use the Service. • It is your responsibility to provide us with accurate telephone numbers and an email address and to notify us immediately if any of your contact information changes. We reserve the right to refuse or cancel your registration for the Service if we cannot verify information about you and/or your mobile device.
Mobile Deposit Capture Service. Member's Account will be provisionally credited upon Credit Union's acceptance of Imaged Items for deposit. You will create images of Checks via your mobile device through the Credit Union mobile banking application. You will enter all amounts and any other required information correctly. The Imaged Items will be transmitted by you to us, or Credit Union's authorized processor, over the Internet or cellular network. All deposits received by us may be accepted subject to the Credit Union's verification and final inspection and may be rejected by us at the Credit Union's sole discretion. All deposits are subject to the terms of the Membership Handbook.
Mobile Deposit Capture Service. The Service requires that you have an internet connection on your Mobile Device in order to make Mobile Deposits. Your Mobile Device must have a camera. To make a Mobile Deposit with your Mobile App, you must properly endorse the check you want to deposit, as explained in more detail below, then take photographs of both the front and the back of the check using our Mobile App, then submit the images of the endorsed check electronically for deposit processing.