Smart Safe Service Clause Samples
The Smart Safe Service clause defines the terms under which a service provider supplies and manages a smart safe device for a client’s business premises. Typically, this clause outlines responsibilities such as installation, maintenance, and monitoring of the smart safe, as well as procedures for cash deposits and reporting. By clearly allocating duties and expectations regarding the use and upkeep of the smart safe, the clause helps ensure secure cash handling and reduces the risk of loss or mismanagement for both parties.
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Smart Safe Service. You may use this Service to deposit Currency (defined below) from a vault approved by us to receive verified credit or provisional credit to your Accounts in accordance with such procedures as we determine from time to time. Any required adjustments to provisional credit provided to your Account will be debited as required based on the verified count, in accordance with such procedures, and at such time(s), as we determine from time to time.
Smart Safe Service. Bank offers a Smart Safe Service (“Smart Safe”) in connection with the Service. Smart Safe allows currency to be deposited into a vault at your business location and receive daily provisional credit in your Account for the currency deposited. To utilize Smart Safe, you must contract with a third party service provider selected by you and approved by the Bank (the “Smart Safe Vendor”) for currency removal, validation and transportation services. You agree to comply with the terms of the vendor agreement between you and the Smart Safe Vendor. The Smart Safe Vendor is not an agent of the Bank.
Smart Safe Service. Smart Safe Service is subject to the terms and conditions of a separate Smart Safe Agreement