Collection of Checks. We, in our sole discretion, shall determine the manner in which Images shall be presented for payment to the drawee bank (or other institution). We, in our sole discretion, shall select the clearing agents used to collect and present the Check Images, and our selection of the clearing agents shall be considered to have been designated by you. We shall not be liable for the negligence of any clearing agent. Collection of Checks is also subject to the Rules and the terms of the Account Documentation governing your Deposit Accounts.
Collection of Checks. When You deposit a Check to your account, We collect the money from the bank or other party obligated to pay it. We act as Your agent to do this. Except to the extent otherwise required by law, We are not responsible for losses that happen during collection of a Check that are not caused by Our own negligence. When You cash or deposit a Check, We may require that funds equal to the amount of the Check remain in your account or another account You have with us until the funds from that Check become available for withdrawal. See our Funds Availability Disclosure for an explanation of when funds are available for withdrawal. If We receive a Check You have written on your account in an amount greater than the funds available for withdrawal from Your account,We have the right not to pay that Check. If We credit your account or allow You to withdraw the amount of a deposited Check and the check is returned to us unpaid, or We receive a notice of non-payment of the Check, We have the right to take that amount from your account or to obtain a refund by any method We deem proper, including the exercise of our Right of Set-off (see Section A- 8 of this Agreement). If the amount of available funds in Your account is less than the amount of the Check, You must pay us the balance. There are certain checks that We will not cash or accept for deposit. These include checks drawn on banks in foreign countries, and double endorsed checks unless both parties are on the account to which the check is being deposited.
Collection of Checks. You agree that we have the right to determine in our sole discretion the manner in which checks and images transmitted through the Mobile Remote Deposit Capture Service are cleared, presented for payment and collected. We, in our sole discretion, may select clearing agents to collect and present check images, and our selection of clearing agents shall be binding on you as though you had directly appointed such agents. We shall not be liable for the negligence or other misconduct of any clearing agent. You agree to be bound by any agreements entered into by and between us and any clearing agents, and you agree to be bound by all laws, regulations, and clearing house and association rules that may apply to checks or images transmitted using the Service.
Collection of Checks a. The Customer shall be provided with an official receipt for all deposits made to the Customer’s Account (In case of Checks deposited) and no deposits or withdrawals of any checks shall be made from the Customer’s Account unless they are made by the Customer himself or the authorized delegate. Meanwhile, All checks issued for the Customer shall be nominal checks & the client can transfer money to his account with the company.
Collection of Checks. We, at our sole discretion, can choose the method of obtaining payment on your deposits and may use other banks in the process. We are not responsible for actions taken by other banks, or for the loss or destruction of any checks, drafts or other instruments in the possession of the other bank or in transit. We shall not be liable for any errors, negligence, default, misconduct or insolvency on the part of any agent selected by us, or any sub-agent selected by such agent, any such agent or sub-agent being deemed your agent. In collecting any check or similar items, we and any collecting agent may accept the drafts or credits of any bank, drawee, acceptor, or payor or in lieu of cash. If payment of any check or similar item would exceed the credit balance on any Account of yours or exceed any authorized overdraft limit, we may, in its sole discretion, make such payment only up to the amount of such credit balance or overdraft limit. We are under no obligation to honor any restrictive legend on any check signed, accepted, or endorsed by you. You shall at all times exercise due care to prevent checkbooks or blank checks of yours from coming into the possession of unauthorized persons and to prevent any instruction, check or similar item from being altered, lost, or forged. You shall immediately report to us in writing, by facsimile or rapid mail, the theft, loss, or alteration of any check or checkbook.
Collection of Checks. The Credit Union, in its sole discretion, shall determine the manner in which Images shall be presented for payment to the drawee bank. The Credit Union, in its sole discretion, shall select the clearing agents used to collect and present the Images, and the Credit Union’s selection of the clearing agents shall be considered to have been designated by Member. The Credit Union shall not be liable for the negligence of any clearing agent. Collection of Checks is also subject to the Rules and the terms of the Membership and Account Agreement.
Collection of Checks. During the Escrow Period, the Escrow Agent is hereby authorized to forward each check for collection and, upon collection of the proceeds of each check, deposit the collected proceeds in the Escrow Account. As an alternative, the Escrow Agent may telephone the bank on which the check is drawn to confirm that the check has been paid. Any check returned unpaid shall be returned to the Corporation. If the Corporation rejects all or part of any subscription for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check in the amount of the rejected subscription to the rejected subscriber. If the Corporation rejects all or part of any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's check for collection, the Escrow Agent shall promptly issue a check in the amount of the rejected subscription to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected subscriber's check for collection, the Escrow Agent shall promptly remit the subscriber's check directly to the subscriber. In any such event, the Corporation shall deliver a "Notice of Rejection" to Escrow Agent substantially in the form of Exhibit A, attached hereto and incorporated by reference herein, and the Escrow Agent shall not take any action pursuant to this paragraph unless it is in receipt of a Notice of Rejection.
Collection of Checks. Nusenda, in its sole discretion, shall determine the manner in which Images shall be presented for payment to the drawee bank. Nusenda, in its sole discretion, shall select the clearing agents used to collect and present the Images, and Nusenda's selection of the clearing agents shall be considered to have been designated by Member. Nusenda shall not be liable for the negligence of any clearing agent. Collection of Checks is also subject to the Rules and the terms of the Deposit Agreement.
Collection of Checks. Credit Union, in its sole discretion, shall determine the manner in which Checks shall be presented for payment to the drawee bank. Credit Union, in its sole discretion, shall select the clearing agents used to collect and present the Checks. Credit Union shall not be liable for the negligence of any clearing agent. Collection of Checks is also subject to the Rules and the terms of the Membership and Account Agreement.
Collection of Checks. AMHFCU, in its sole discretion, shall determine the manner in which Images shall be presented for payment to the drawee bank. AMHFCU, in its sole discretion, shall select the clearing agents used to collect and present the Images, and AMHFCU's selection of the clearing agents shall be considered to have been designated by Member. AMHFCU shall not be liable for the negligence of any clearing agent. Collection of Checks is also subject to the Rules and the terms of the Deposit Agreement.
