Express Deposit definition

Express Deposit refers to your deposit of Qualifying Items to the Account by endorsing the paper originals, scanning both sides of them and sending their accurate images to us, together with deposit instructions, via the Internet rather than by providing us with the paper originals.  “Banking Day” refers to one of our banking days as defined in 12 CFR 229.2.  “Business Day” refers to a business day as defined in 12 CFR 229.2.  Other terms have the meanings provided in the applicable Uniform Commercial Code.
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Examples of Express Deposit in a sentence

  • Company may deposit Deposit Account Collateral into the Concentration Account (Express Deposit Services).

  • Section 20.3 In the event of payroll errors on pay cheques within the fiscal period, over seventy-five dollars ($75.00), the Company agrees to make an Express Deposit for the exact amount within three (3) business days after receipt of full and complete discrepancy form.

  • Funds transfer from an existing deposit account to the Card can also be done thru: (i) Express Phone (89-100) (ii) Express Online (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) (iii) all Express Teller ATMs nationwide (iv) Express Mobile, and (v) all Express Deposit Machines.

  • You agree to audit your security practices and otherwise comply with our rules pertaining to Internet security as set forth in the Remote Express Deposit User Guide or in the Service Procedures.

  • Agreement This Agreement contains the terms and conditions for the use of Modern Woodmen Bank’s Express Deposit and Mobile Express Deposit remote deposit capture services.

  • You will pay us fees for Express Deposit services, if any, in accordance with our most current Fee Schedule.

  • The Accounts to which deposits may be made are designated in the Remote Express Deposit section (the “RED Section”) of the Enrollment Form and the Loans to which payments may be made are designated in the RED Section of the Enrollment Form.

  • You will agree to use the Express Deposit and Mobile Express Deposit for lawful purposes and in compliance with all applicable laws, rules and regulations.

  • Any security procedures required in connection with the Express Deposit and Mobile Express Deposit are strictly confidential.

  • For certain Services, including, without limitation, OnSite Express Deposit Services, Positive Pay Services and ACH Services, the Bank will provide you with a user guide.