Electronic Items definition
Examples of Electronic Items in a sentence
Bank reserves the right at any time to process Electronic Items on a collection basis.
Bank may suspend immediately the Services or the processing of any Check or corresponding Electronic Item if Bank has reason to believe that there has been a breach in the security of the Program, fraud involving Customer's Account or such Check, or any uncertainty as to the authorization or accuracy of Electronic Items.
In the event of lost, mistaken, incomplete or unusable Electronic Items, or in the event of claims of fraud, alteration, counterfeit or otherwise, Customer shall cooperate fully with Bank in providing information, including access to such records.
Customer shall remain liable for, and the Bank shall not be accountable to Customer for, Electronic Items not received by the Bank.
To ensure accuracy, Member shall balance the dollar total of each deposit to the sum of the Electronic Items prior to transmitting the Electronic File to Navigant.
Your Electronic Item(s) is deemed to have been received by the Bank when the service generates a confirmation message.
Using Remote Deposit, an Electronic File will be created that contains Electronic Items.
Each Business Day on which we review and process your Electronic Item(s), we will use commercially reasonable efforts to review each Electronic Item and to reject any Electronic Item that we in our sole discretion determine to be ineligible for the Service (each, an “Exception Item”).
Each Business Day we review Electronic Items to determine if any Electronic Item, that we in our sole discretion, determine to be ineligible for the Deposit Service (“Exception Item”).
If you transmit your Electronic Item(s) to us after the Cut-Off Time on any Business Day, we shall review and process your Electronic Item(s) on the next Business Day.