Check Issue Report definition

Check Issue Report means a record describing Checks drawn by Company on an Authorized Account, provided by Company to Bank under Section 3 below.

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Check Issue Report means a record describing checks drawn by the Customer on an Authorized Account, provided by the Customer to Bank. “Customer Identification Programs/Policy” (“CIP”) means a program required by federal law to prevent financing of terrorist operations and money laundering. The requirements go beyond just verifying your identity. Financial institutions must now keep records of identifying information and check customer/member names against terrorist lists. This applies to anyone who opens a new account.

Check Issue Report or “Report”). The Report must contain for each check the check serial number, the exact check amount in dollars and cents, and the check issue date. You will transmit the Report to us through either our Commercial Advantage service, or Digital Banking for Business service, or our Data Exchange Service (DES), which is our secure file transfer system. (Note: You must enroll separately in Commercial Advantage or Digital Banking or DES). If you use Commercial Advantage or Digital Banking, you may both create and transmit the Check Issue Report, or you may create the Report outside Commercial Advantage or Digital Banking and use Commercial Advantage or Digital Banking to transmit the Report. DES can only be used to transmit, not create, the Report. If you use DES, you agree to upload the data into DES using secure internet protocol.

Examples of Check Issue Report in a sentence

The Check Issue Report shall accurately state the check number and the exact amount of each check drawn on each Authorized Account since the last Check Issue Report was submitted.
Bank shall compare each Presented Check by check number and amount against each Check Issue Report received by Bank.
Bank is not responsible for detecting any Company error contained in any Check Issue Report or Pay Request or Return Request sent by Company to Bank.
Company shall send the Check Issue Report to Bank in the format and medium, by the deadline(s), at scheduled day(s), and at the place(s) specified by Bank from time to time.
The Check Issue Report shall accurately state the check number and the exact dollar amount of each check drawn on each Authorized Account since the last Check Issue Report was submitted.
May pay and charge to the authorized account, each presented check that matches those details provided with any previously received Check Issue Report.
On occasion, a Presented Check may inadvertently appear on an Exception Check List when such Presented Check had been provided to the Bank in a previous Check Issue Report.
The Bank will compare each Presented Check by check number and amount against each Check Issue Report received by the Bank.
We are not responsible for detecting any error contained in any Check Issue Report or Pay/Return Request you send us.
You will submit a Check Issue Report to Bank each day you issue checks on an Authorized Account through the Online Banking Service.

More Definitions of Check Issue Report

Check Issue Report. A record describing checks drawn by you on an Authorized Account provided by you to Bank under the section of these Positive Pay Services Provisions titled “Your Acknowledgements, Responsibilities, And Liabilities.”

Check Issue Report means a record describing checks drawn by Customer on an Authorized Account, provided by the Customer to Bank through Bank’s Business Online Banking software under Section F.1 of these Terms and Conditions.