Common use of Mobile Deposit Service Clause in Contracts

Mobile Deposit Service. You accept responsibility for making sure that you understand how to use the Mobile Deposit Service before you actually do so. You will use the Mobile Deposit Service only in accordance with the instructions posted on our website or as provided on the mobile banking application. You must create an electronic image of checks to be deposited with the camera on your mobile device and then transmit the electronic image to CPB for deposit to your account. You agree to scan and transmit only original checks that are payable only to you. You also agree that you will use the Deposit Service to deposit checks drawn on financial institutions in the United States with a valid ABA routing number and denominated in United States dollars. CPB may use a processing agent to perform a quality assessment of the electronic image of the check and take steps necessary to facilitate the deposit and collection of the check. You agree that the manner in which checks are cleared, presented, or rejected for payment shall be determined by CPB in its sole discretion. We reserve the right to select the clearing agents through which we clear checks. In the event that the Deposit Service is interrupted, unavailable, or checks do not meet the requirements mentioned above, checks must be deposited in person at a branch, by a night drop facility, by mail, or any other acceptable method. Deposit Account. Prior to submission of your deposit, you must select the account to receive the deposit from your eligible checking account(s). This will be considered your settlement account. You will be responsible for reviewing and balancing any settlement account.