Common use of Prohibited Checks Clause in Contracts

Prohibited Checks. You agree that you will not scan and attempt to deposit any of the following: ● Checks payable to any person or entity other than you (i.e. third party checks); ● Checks containing alterations, illegible items, fraudulent checks, or checks that you should have known or have reason to believe were fraudulent; ● Checks that have been previously deposited at another institution via physical item, image or electronic funds transfer; ● Checks from financial institutions located outside the United States; ● Checks that are not payable in U.S. dollars; ● Checks that are more than six (6) months old (i.e. stale dated) or that are post-dated; ● Substitute checks (a digital reproduction of the front and back of an original check); ● Remotely created checks (a check created by a merchant with a buyer’s checking account number on it, but without the buyer’s original signature); ● Travelers checks and savings bonds; ● Non-negotiable instruments, such as promissory notes; or ● Starter checks or counter checks (checks from a teller window); ● Credit card, Line of Credit, Home Equity, Brokerage and convenience checks. All checks deposited must be payable to you. We are not responsible for Check Images not received or dropped during transmission. A Check Image will be deemed received by us only when an email confirmation has been provided to you indicating the Check Image has been received. Although you may receive confirmation of receipt of your Check Image, the Check Image will still be subject to review before it is submitted for collection and may still be rejected for any reason at our sole discretion. A confirmation is not a representation, warranty or other indication that the Check Image will be presented for collection or will be honored by any collecting or paying bank. If a Check Image received through Mobile Check Deposit is rejected, then you may re-submit the original check for processing, however we reserve the right to refuse to process it and may require you to have the check reissued.