Common use of Retention and Disposal of Transmitted Items Clause in Contracts

Retention and Disposal of Transmitted Items. Once the funds are available to you, you agree to prominently xxxx the item as “Electronically Presented” to ensure that it is not re-presented for payment. • You agree to securely store each original check that you deposit using the Services for a period of at least sixty (60) days after transmission to us. After sixty (60) days and no later than ninety (90) days after you transmit the original check, you will safely destroy the original check. • You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. • You agree never to re-present the check for deposit. • You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to the Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Mobile Deposit Agreement

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Retention and Disposal of Transmitted Items. Once Upon your receipt of a confirmation from the funds are available to youBank that we have received the image of an item, you agree to prominently xxxx the item as “Electronically Presented” to ensure that it is not re-presented for payment. • You agree to securely store each original check that you deposit using the Services for a period of at least sixty thirty (6030) days after transmission to us. After sixty thirty (6030) days and no later than ninety (90) days after you transmit the original check, you will safely destroy the original check. • You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. • You agree never to re-present the check for deposit. • You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to the Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Mobile Deposit Agreement

Retention and Disposal of Transmitted Items. Once Upon your receipt of a confirmation from the funds are available to youBank that we have received the image of an item, you agree to prominently xxxx mark the item as “Electronically Presented” or “RDC and the date” to ensure that it is not re-presented for payment. • You agree to securely store each original check that you deposit using the Services for a period of at least sixty thirty (6030) days after transmission to us. After sixty thirty (6030) days and no later than ninety sixty (9060) days after you transmit the original check, you will safely destroy the original check. • You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. • You agree never to re-present the check for deposit. • You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to the Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Remote Deposit Capture Agreement

Retention and Disposal of Transmitted Items. Once the funds are available to you, you agree to prominently xxxx the item as “Electronically Presented” or “Deposited” to ensure that it is not re-presented for payment. • You agree to securely store each original check that you deposit using the Services for a period of at least sixty (60) days after transmission to us. After sixty (60) days and no later than ninety (90) days after you transmit the original check, you will safely destroy the original check. • You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. • You agree never to re-present the check for deposit. • You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to the Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Mobile Deposit Agreement

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Retention and Disposal of Transmitted Items. Once the funds are available to you, you agree to prominently xxxx mark the item as “Electronically Presented” to ensure that it is not re-presented for payment. You agree to securely store each original check that you deposit using the Services for a period of at least sixty (60) days after transmission to us. After sixty (60) days and no later than ninety (90) days after you transmit the original check, you will safely destroy the original check. You understand and agree that you are responsible for any loss caused by your failure to secure the original checks. You agree never to re-present the check for deposit. You will promptly provide any retained check, or a sufficient copy of the front and back of the check, to the Bank as requested to aid in the clearing and collection process, to resolve claims by third parties with respect to any check, or for our audit purposes. If you are unable to provide a sufficient copy of the front and back of the check you will be liable for any unresolved claims by third parties.

Appears in 1 contract

Samples: Mobile Deposit Agreement

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