Common use of Receipt of Check Image Clause in Contracts

Receipt of Check Image. We are not responsible for check images we do not receive or that are dropped during transmission. A check image will be deemed received by us only when we provide an online confirmation receipt to you that we have received your check image. When we confirm receipt of your check image, the image will still be subject to review before we present it for payment and may still be rejected by us for any reason in our sole discretion. A confirmation is not a representation, warranty or other indication that the check image will be presented for payment or will be honored by any paying bank. If we reject a check image received through eCheck Deposit, then you may submit the original check by mail to us for processing unless we instruct you otherwise. If you do submit the original check for processing, we reserve the right to refuse to process it.

Appears in 7 contracts

Samples: Bank Online Banking Services Agreement, Bank Online Banking Services Agreement, Bank Online Banking Services Agreement

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Receipt of Check Image. We are not responsible for check images we do not receive or that are dropped during transmission. A check image will be deemed received by us only when we provide an online confirmation receipt to you that we have received your check image. When we confirm receipt of your check image, the image will still be subject to review before we present submit it for payment collection and may still be rejected by us for any reason in our sole discretion. A confirmation is not a representation, warranty or other indication that the check image will be presented for payment collection or will be honored by any collecting or paying bank. If we reject a check image received through eCheck Deposit, then you may submit the original check by mail to us for processing unless we instruct you otherwise, or you may want to contact the drawer and have them reissue the check. If you do submit the original check for processing, we reserve the right to refuse to process itit and may instead require you to have the check reissued.

Appears in 1 contract

Samples: Deposit Agreement

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