SIGNATURES AND ENDORSEMENTS. In the event of falsification of the signature or signatures of the persons authorized to draw checks against the account or in the event of forgery of the seal or facsimile or Electronic Instruction referred to in clause 3 of the checking Account Regulation, THE BANK shall only be responsible if such signatures, stamps or facsimile or Electronic Instruction have been forged in a way that no special knowledge is required to notice it. In the case of checks drawn against the account presented for collection with a chain of endorsements, the BANK shall only be obliged to identify the persons presenting the check and verify the formal regularity of the chain of endorsements, but not the signature of each one of endorsers.
SIGNATURES AND ENDORSEMENTS. You agree to sign as your signature appears on the membership application when drawing checks or other items. If, in good faith, we believe your signature is not genuine we will refuse to pay any check drawn on your account. We may also refuse to honor any check that is not on a form acceptable to us. If you have indicated more than one signature is required in connection with a check or other order or instruction for the payment, transfer or withdrawal of funds (an “ item”) drawn on your account, we will have no liability to you if an item is deposited to or paid against your account with fewer than the number of signatures you have indicated as being required, provided at least one of the required signatures appears on the item. We will have no liability to you for failing to detect a forgery of your signature or an alteration of one of your items, if the forgery or alteration is such that a person could be expected not to detect it. Because of the large volume of checks processed by us, we are unable to look for special instructions or dates on each check. Accordingly, we may pay a check even though special instructions on the check might, if we knew about them, cause us to refuse payment. We will not be liable if we pay checks contrary to written special instructions, even if payment results in a refusal to honor other checks written by you on this account. All transaction items presented for deposit must be properly endorsed. Endorsements on the back of the check should be limited to the 1-1/2” designated on the back of each check. The remainder of the back of the check must be left clear for our credit union endorsement and subsequent financial institution endorsements. You authorize us to accept checks or other instruments for credit to the account and to supply any needed endorsement if you have neglected to endorse the instrument. If stamps or information placed on the back of a check makes our endorsement illegible, you agree to hold us harmless in any resulting delay in the return of the check. You are responsible for any loss if the loss is due to a delay in the return of an item where the delay is caused by material appearing on the back of the item including carbon bands, blacked-out areas and printed or written text appearing in the improper area.
SIGNATURES AND ENDORSEMENTS. You will agree to sign as your signature appears on the Membership Application/Signature Card when executing documents and drawing checks or other items. We may accept transfers or checks for deposit into any of your accounts if they are made payable to, or to the order of, one (1) or more account owners, even if they are not endorsed by all payees. You authorize us to supply missing endorsements of any owners if we choose. If a check or item that is payable to two (2) or more persons is ambiguous as to whether it is payable to either or both, we may process the check or item as though it is payable to either person. If an insurance, government, or other check requires an endorsement, we may require endorsement as set forth on the item. Any loss we incur from a delay or processing error resulting from an irregular endorsement or other markings by you, or any prior endorser, will be your responsibility. We will not be liable if, in good faith, we believe your signature is not genuine, and we will refuse to honor any instruction or to pay any check drawn on your account. We may also refuse to honor any check that is not on a form acceptable to us. You authorize us to honor transactions initiated by a third person to whom you have given your account information, even if you do not authorize a particular transaction.
