Substitute Checks. What is a "substitute check"? To make check processing faster, federal law permits banks to replace original checks with "substitute checks." These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: "This is a legal copy of your check. You can use it the same way you would use the original check." You may use a substitute check as proof of payment just like the original check.
Appears in 4 contracts
Samples: General Legal Agreement, General Legal Agreement, General Legal Agreement
Substitute Checks. What is a "substitute check"? – To make check processing faster, federal law permits banks to replace original checks with "“substitute checks." ” These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: "“This is a legal copy of your check. You can use it the same way you would use the original check." ” You may use a substitute check as proof of payment just like the original check.
Appears in 3 contracts
Samples: Electronic Services Agreements and Disclosure, Electronic Services Agreement and Disclosure, Electronic Services Agreements and Disclosure
