Electronic Deposit definition

Electronic Deposit means the package of information (including the Check Image, dollar amount information, deposit account information, etc.) that is transmitted to the Bank allowing for the deposit, processing, and collection of the item.

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Electronic Deposit. A file that contains information regarding each Sufficient Image Copy to be transmitted by Business Entity to Extraco in the same batch as the Electronic Deposit and that meets all of the requirements imposed from time to time by Extraco.

Electronic Deposit is an electronic funds transfer via ACH of the sum amount of the converted paper check payments received via the FINSYNC Lockbox.

Examples of Electronic Deposit in a sentence

You can also use the FDIC’s Electronic Deposit Insurance Estimator (▇▇▇▇) at ▇▇▇.▇▇▇▇.▇▇▇/▇▇▇▇.
Any defects such as tears or alterations may prevent the Capture Device from creating an accurate Check Image, causing the Electronic Deposit to be rejected.
The Bank may, in its sole discretion, reject, repair, alter, amend, re-format or convert the Check Image or MICR Data submitted in an Electronic Deposit in accordance with general check collection practices and industry presentment standards, but the Bank has no obligation to do so.
To calculate your deposit insurance coverage, use the FDIC’s Electronic Deposit Insurance Estimator (▇▇▇▇) at ▇▇▇.▇▇▇▇.▇▇▇/▇▇▇▇.
With respect to each Electronic Deposit that Customer transmits to the Bank, Customer is deemed to make any representation or warranty that would have applied had Customer deposited the original paper check.

More Definitions of Electronic Deposit

Electronic Deposit is electronic information (including Check Images, Check Image Metadata, MICR Data, or dollar amount information), obtained from capturing information from an original paper check, that is transmitted to Bank for deposit, processing and collection.

Electronic Deposit means a paper check (including any Check Images, Check Image Metadata, MICR Data, or dollar amount information on it) that is electronically captured and transmitted to Citizens Bank to deposit, process, and collect.

Electronic Deposit means electronic information (including Check Images, Check Image Metadata, MICR Data, or dollar amount information), obtained from capturing information from an original paper check, that is transmitted to the Bank for deposit, processing and collection.

Electronic Deposit means a file that contains information regarding each Electronic image to be submitted by you to the Credit Union that meets all the requirements imposed from time to time by the credit union set forth in this Agreement.

Electronic Deposit means electronic information (including Check Images, Check Image Metadata, MICR Data, or dollar amount information),

Electronic Deposit means a file that contains information regarding each Electronic Images to be submitted by you to the Bank that meets all of the requirements imposed from time to time by the Bank as set forth in this Agreement

Electronic Deposit means a file that contains information regarding each Sufficient Image Copy to be transmitted by Customer to Bank in the same batch as the Electronic Deposit and that meets all of the requirements imposed from time to time by Bank in these Terms and Conditions.