Remotely Created Check. A check that is not created by the paying bank or its supplier and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn.
Remotely Created Check. Remotely created check means a check that is not created by the paying financial institution and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn. If you authorize a remotely created check, we will debit your account for the authorized item as if you have signed the item authorizing the debit. If you have a dispute and want to cancel the authorized item, you must contact the payee that debited your account. If the item was never authorized, you must contact us within 30 days from the date you receive your statement. We may require you to make the claim in writing. If you use or authorize another to issue a remotely created check against your account, or voluntarily give information about your account (such as our routing number and your account number) to a party who is seeking to sell you goods or services, and you don’t deliver the check physically signed by you to the party, any remotely created check or other debit to your account initiated by the party to whom you gave the information is deemed authorized even if it differs in amount, frequency or timing from your intentions or agreement with that party. You agree that you will not hold us responsible for any loss, damage or other problems resulting from your having used or authorized another to create a remotely created check. If you create or deposit remotely created checks to your Logix account(s), you represent and warrant that you have instituted procedures to ensure that these drafts are authorized by the person on whose account the remotely created check is drawn in the amount stated on the check to the payee stated on the check. If a remotely created check, which you have deposited into your Account, is returned by the drawee-payor financial institution for any reason, you agree that we may debit your account(s) for the amount of the item, plus any applicable fees. If the debit causes your account to be overdrawn, you agree to pay the overdrawn amount on our demand. We reserve the right to accept or reject any item for deposit into any of your accounts. CHECKS NOT CURRENTLY DATED You should write the current date on checks you issue. However, regardless of the date on a check you have written, we may pay it whenever it is presented for payment. Logix may, at its option, but is under no obligation to you to pay any check drawn on your account, which is presented before its date, or more than six months after its date. Logix sh...
Remotely Created Check. (as defined in Regulation CC) - A check that is not created by the paying bank and does not bear a signature by the person on whose account the check is drawn, but is authorized by the account owner.
Remotely Created Check. A remotely created check typically is created by a third party payee and is authorized by one of the account owners on which the check is drawn. Authorization of a remotely created check typically is made over the telephone or Internet. The check does not contain the signature of any account owner. In place of the account owner’s signature, the item created usually bears a statement that the signer authorized the check and/or indicates the account owner’s name. If a third party draws a remotely created check from your account, by your authorization, you may not revoke your authorization. You are responsible to resolve any issues relating to authorization directly with the third party. The Credit Union is not required to credit your account and may charge against your account any remotely created check for which the third party has proof of your authorization.
