Common use of Positive Pay Services Clause in Contracts

Positive Pay Services. If you are a commercial customer and choose to participate in our Positive Pay services, which are designed to help prevent check fraud, and you fail to utilize or follow the procedures required for those services, you will assume the risk that checks presented against your Account may be forged or altered, to the extent that the services we offered may have prevented any loss.

Appears in 2 contracts

Sources: Deposit Account Agreement, Deposit Account Agreement