Remotely Created Checks definition

Remotely Created Checks means checks whereby the drawer granted the payee authorization to produce a remotely created check drawn on the drawer’s deposit account.
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Remotely Created Checks means an item not bearing the drawer’s (your) actual signature, but purporting to be authorized by the drawer (you).
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Remotely Created Checks mean remotely created checks as defined in Regulation CC, and include checks that, among other things, do not bear the signature of the person on whose Account the check is drawn.
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Examples of Remotely Created Checks in a sentence

  • Demand Drafts and Remotely Created Checks If you deposit a demand draft or remotely created check (an unsigned draft or preauthorized draft) into your account, you warrant and guarantee that the draft or remotely created check is authorized according to the terms on its face by the person(s) identified as the drawer.

  • We will not accept Remotely Created Checks, third-party checks, or Foreign Items.

  • Refer to the discussion below regarding the treatment of “Direct Deposits” Demand Drafts and Remotely Created Checks If you deposit a demand draft or remotely created check (an unsigned draft or preauthorized draft) into your account, you warrant and guarantee that the draft or remotely created check is authorized according to the terms on its face by the person(s) identified as the drawer.

  • Although we are authorized to honor such Remotely Created Checks, we are not obligated to do so and we may refuse to honor any such Remotely Created Checks in our sole discretion.

  • We may return such Remotely Created Checks even if we have honored similar Remotely Created Checks in the past.

  • We may, in our sole discretion, refuse to accept or process for deposit or collection any Remotely Created Checks at any time, with or without cause or prior notice.

  • Remotely Created Checks Like any standard check or draft, a remotely created check (sometimes called a telecheck, preauthorized draft or demand draft) is a check or draft that can be used to withdraw money from an account.

  • A breach of warranty includes but is not limited to checks that you have deposited that contain an alteration, a forged or missing drawer’s signature, a forged or missing endorsement, checks for which you do not have good title, or Remotely Created Checks that were not authorized by the account holder.

  • If we have reason to believe that any Remotely Created Checks you deposit are unauthorized, we may take any action available to us under Sections 21 or 40 of this Agreement and/or may require you to post a bond before allowing a withdrawal of the funds.

  • REMOTELY CREATED CHECKS – If you provide the Bank’s routing and transit number and your account number to a third party over the phone (such as a telemarketer) or via the Internet, you authorize us to debit from your account the amount(s) of one or more Remotely Created Checks.

Related to Remotely Created Checks

  • electronically signed contract means a contract that is executed by applying an electronic signature using technology approved by the Parties.

  • Electronic Subcontracting Reporting System (eSRS) means the Governmentwide, electronic, web-based system for small business subcontracting program reporting. The eSRS is located at http://www.esrs.gov.

  • Direct Load Control means load reduction that is controlled directly by the Curtailment Service Provider’s market operations center or its agent, in response to PJM instructions.

  • Employment services organization means an organization that provides community-based

  • Suspicious transaction means a “transaction” as defined below, including an attempted transaction, whether or not made in cash, which, to a person acting in good faith: