Your Check Sample Clauses
The "Your Check" clause defines the obligations and procedures related to payments made by check from one party to another. Typically, this clause outlines how checks should be issued, the acceptable forms of checks, and the timing for when a payment is considered received—often upon actual clearance or deposit. By specifying these details, the clause helps prevent disputes over payment timing and validity, ensuring both parties have a clear understanding of how check payments are to be handled and when obligations are fulfilled.
Your Check. The phrase “your check” generally means a check you write to a payee drawn on an account with us. It also means a check drawn on another institution payable to you that you wish to deposit in an account with us or negotiate to us. For further in- formation, please see Provisions 6., 7. and 16.
Your Check. An endorsement is a signature, stamp or other ▇▇▇▇ on the back of a check that transfers the check to another person. To ensure that checks you deposit are processed timely, your endorsement must be in the 1 1/2 inch area on the back of the check that starts from the right hand side when viewed from the back of the check: For checks deposited at our ATM or by mail, your endorsement should state “For Deposit Only,” followed by the endorsement of all payees and your Account number.