Depository Bag definition

Depository Bag means a tamper evident bag approved by Bank for the transfer of Items to Bank for deposit. No property other than currency, coin, and negotiable instruments shall be contained in any Depository Bag delivered by or on behalf of Customer to Bank or any Bank vault location.
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Examples of Depository Bag in a sentence

  • All Items properly received by Bank in a Depository Bag or Smart Safe Cassettes accepted by Bank will be processed for deposit to the designated Account through normal banking procedures and will generally be credited to the Account on the next business day if delivered before the Bank’s deadline on any Banking Day.

  • Until Bank, or the Bank’s vault location, has finally received and physically verified any Deposit, Bank accepts no liability for loss of any Depository Bag or Smart Safe Cassette or Deposit or any losses or damages incurred by Customer with respect to the Deposit.

  • If Customer is using the Bank's Virtual Vault Service, then any required adjustments to the amounts provisionally credited to Customer’s account based on Virtual Vault Reports will be made following Bank’s receipt of the applicable Depository Bag or Smart Safe Cassette in accordance with the procedures set forth above.