Remotely Created Checks. For purposes of this paragraph, “account” means a transaction account, credit account, and any other account on which checks (share drafts) may be drawn. A remotely created check is a check created by someone other than the person on whose account the check is drawn. A remotely created check is generally created by a third party payee as authorized by the owner of the account on which the check is drawn. Authorization is usually made over the telephone or through on-line communication. The owner of the account does not sign a remotely created check. In place of the owner’s signature, the remotely created check usually bears a statement that the owner authorized the check or bears the owner’s printed or typed name. If you authorize a third party to draw a remotely created check against your account, you may not later revoke your authorization. It is your responsibility to resolve any authorization issues directly with the third party. We are 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.
Remotely Created Checks. If you use a Service wherein you create or deposit a Remotely Created Check, as that term is defined in Federal Reserve Board Regulation CC, you warrant to Financial Institution that the person on whose account the Remotely Created Check is drawn authorized the issuance of the check in the amount stated on the check and to the payee stated on the check.
Remotely Created Checks. If the Electronic Check Transaction involves a remotely-created check, you reserve the right to accept or reject the item for deposit into any of my Accounts. If I deposit a remotely-created check into any of my Accounts, I represent and warrant to you that I 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 and to the payee stated on the check. If a remotely-created check which I have deposited into my Account is returned by the drawee-payor bank for any reason, I agree that you may debit my Account for the amount of the item, plus any applicable fees. If the debit causes my Account to be overdrawn, I agree to pay the overdrawn amount on your demand. For purposes of this Agreement, the term “remotely-created check” means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn. ADDITIONAL DISCLOSURES APPLICABLE TO ATM ELECTRONIC FUNDS TRANSACTIONS, POINT OF SALE TRANSACTIONS, AUDIO RESPONSE / ELECTRONIC TELEPHONE BANKING TRANSACTIONS, PERSONAL COMPUTER ELECTRONIC BANKING TRANSACTIONS AND ELECTRONIC CHECK TRANSACTIONS
Remotely Created Checks. If Customer uses a Service wherein Customer creates or deposits a Remotely Created Check, as that term is defined in Regulation CC, Customer warrants to Bank that the Person on whose account the Remotely Created Check is drawn authorized the issuance of the Remotely Created Check in the amount stated on the check and to the payee stated on the check. Customer further warrants and represents that any use of a Remotely Created Check is in full compliance with the Federal Trade Commission’s Telemarketing Sales Rule (16 CFR 310), as applicable.
Remotely Created Checks. If you deposit a remotely created check (that is, a check that was not signed by the person on whose account it is drawn), you warrant that the person on whose account the check is drawn authorized the issuance of the check in the amount stated on the check and to the payee stated on the check.
Remotely Created Checks. A remotely created check is a check created by someone other than the person on whose account the check is drawn. A remotely created check is generally created by a third-party payee as authorized by the owner of the account on which the check is drawn. Authorization is usually made over the telephone or through online communication. The account owner does not sign a remotely created check. In place of the owner’s signature, the remotely created check usually bears a statement that the owner authorized the check or bears the owner’s printer or typed name. If you wish to stop payment of a remotely created check, we may require you to close your account.
Remotely Created Checks. For purposes of this paragraph, “account” means a transaction account, credit account, or any other account on which drafts may be drawn. A remotely created draft is a draft created by someone other than the person on whose account the draft is drawn. A remotely created draft is generally created by a third party payee as authorized by the owner of the account on which the draft is drawn. Authorization is usually made over the telephone or through on-line communication. The owner of the account does not sign a remotely created draft. In place of the owner’s signature, the remotely created draft usually bears a statement that the owner authorized the draft or bears the owner’s printed or typed name. If you authorize a third party to draw a remotely created draft against your account, you may not later revoke or change your authorization. It is your responsibility to resolve any authorization issues directly with the third party. We are not required to credit your account and may charge against your account any remotely created draft for which the third party has proof of your authorization.
Remotely Created Checks. If you provide the Bank’s routing and transit number and your account number to a third party over the phone (for example, to a telemarketer) or via the Internet, you authorize us to debit from your account the amount(s) of one or more “remotely created checks.” A remotely created check is a check created by the third party that, although it does not bear your signature, purports to be drawn on your account with your authorization. Although we are authorized to honor such remotely created checks, we are not obligated to do so and we may refuse to honor any such remotely created checks in our sole discretion. We may return such remotely created checks even if we have honored similar remotely created checks in the past. You agree that we are not liable to you for any Losses that may result from either honoring or dishonoring any such remotely created checks drawn on your account.
Remotely Created Checks. We are not required to process remotely created checks. You warrant and agree to the following for any remotely created check that we process for you: (i) you received express, verifiable authorization to create the check in the amount and to the payee that appears on the check, (ii) you will maintain proof of such authorization for at least two (2) years from the date of authorization, (iii) will supply such authorization to us upon our request, and (iv) agree you will reimburse us the amount of the check in the event the check is returned, regardless of when the check is returned. We may fulfill reimbursement using funds from your account, and if there are insufficient funds in your account, you remain obligated to remit the remaining balance to us. If you deposit checks that are not actually signed by the drawer, we may close or suspend your account. This includes, for example, checks that simply state they have been authorized by the drawer.
Remotely Created Checks. A remotely created check, as defined in Regulation CC, means a check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn. By having a deposit account with us, you certify that all remotely created checks deposited to your account(s) will be expressly and verifiably authorized by the payor. And we reserve the rights to refuse for deposit any such remotely created check if we have any reason to believe that the item is fraudulent in any manner, and to obtain from you the payor's express, verifiable authorization for any such check.
