Maintenance and Destruction of Original Check. You shall stamp or write on the original Check “Processed” before or during the process of depositing the Check in accordance with Section 4 of this Agreement. You shall securely store all original Checks until they have been posted to your Account(s) (such period the “Retention Period”). During the Retention Period, you shall take appropriate security measures to ensure that: (a) only authorized individuals or personnel shall have access to original Checks, (b) the information contained on such Checks shall not be disclosed, (c) such Checks will not be duplicated or scanned more than one time and (d) such Checks will not be deposited or negotiated in any form. You shall destroy original Checks upon the expiration of the Retention Period applicable to such Checks. You will use commercially reasonable methods to destroy original Checks after expiration of the Retention Period and can review the User Guide available on our website, xxx.xxxxxxxxxxx.xxx, to review reasonable methods of destruction. You hereby indemnify us for, and hold us harmless from and against, any and all claims, demands, actions, causes of action, losses and damages, of whatever nature or kind, and regardless of the theory upon which the same is (are) based, caused directly or indirectly by, arising out of, related to, in connection with or resulting wholly or partially from, the destruction of original Checks by you. You will promptly (but in all events within 5 Business Days) provide any retained Check (or, if the Check is no longer in existence, a sufficient copy of the front and back of the Check) to us as requested to aid in the clearing and collection process or to resolve claims by third parties with respect to any Check.
Maintenance and Destruction of Original Check. You shall stamp or write on the original Check “Processed” after the process of depositing the Check in accordance with this Agreement. You shall securely store all original Checks for a minimum of 30 business days after they have been posted to your Account(s) (such period is the “Retention Period”). During the Retention Period, you shall take appropriate security measures to ensure that: (a) only authorized individuals or personnel shall have access to original Checks, (b) the information contained on such Checks shall not be disclosed, (c) such Checks will not be duplicated or scanned more than one time and (d) such Checks will not be deposited or negotiated in any form. You shall destroy original Checks upon the expiration of the Retention Period applicable to such Checks. You will use commercially reasonable methods to destroy original Checks after expiration of the Retention Period. You hereby indemnify us for, and hold us harmless from and against, any and all claims, demands, actions, causes of action, losses and damages, of whatever nature or kind, and regardless of the theory upon which the same is (are) based, caused directly or indirectly by, arising out of, related to, in connection with or resulting wholly or partially from, the destruction of original Checks by you. You will promptly (but in all events within 5 Business Days) provide any retained Check to us as requested to aid in the clearing and collection process or to resolve claims by third parties with respect to any Check. Image and MICR Quality. Each File transmitted by you to us shall contain Images of the front and the back of the Check(s) imaged and deposited through your Mobile Device by you. Each Image of each Check shall be of such quality that the following information can clearly be read and understood by sight review of such Image: • the amount of the Check; • the payee of the Check; • the signature of the drawer of the Check; • the date of the Check; • the Check number; • the information identifying the drawer and the paying Financial Institution that is preprinted on the Check, • the full MICR line, including the ABA routing number, account number and if encoded the check number;
Maintenance and Destruction of Original Check. Customer shall securely store each original Check for a period of at least fourteen days
Maintenance and Destruction of Original Check. You shall mark the original Check “processed” after the process of scanning the check in accordance with Section 4 of this Agreement to ensure that it is not re-presented for payment. You shall securely store all original checks for a period of at least sixty (60) calendar days after the date of transmission (Retention Period). During the Retention Period, you shall take appropriate security measures to ensure that:
Maintenance and Destruction of Original Check. Customer shall securely store all original Checks for a period of thirty (30) days after Customer has received notice from Bank that the File containing the images of such Checks has been accepted. Customer shall take appropriate security measures to ensure that:
Maintenance and Destruction of Original Check. Customer shall securely store all original Checks for a period of not less than ninety-one (91) days after Customer has received notice from Bank that the File containing the images of such Checks has been accepted (such period the "Retention Period"). During the Retention Period, Customer shall take appropriate security measures to ensure that: (a) only authorized personnel shall have access to original Checks, (b) the information contained on such Checks shall not be disclosed, (c) such Checks will not be duplicated or scanned more than one time, and (d) such Checks will not be deposited or negotiated in any form. Customer shall, along with the original Checks, maintain a copy of the transaction receipt generated by the Remote Deposit Services. Customer shall implement proper security procedures and internal controls to ensure the confidentiality of any information that is considered to be confidential personal information that is retained by Customer. Customer shall destroy original Checks upon the expiration of the Retention Period applicable to such Checks. Such destruction must meet minimum standards for the destruction of confidential personal information in compliance with applicable laws and regulations. Such destruction must render the Checks unreadable, unusable, and unrecoverable (cross-cut shredding or incineration). Customer will use commercially reasonable methods of destruction approved by Bank to destroy original Checks after expiration of the Retention Period. If Customer uses a third-party shredding service, any storage bins shall employ a metal lock that prevents access to the contents except when in the control of the third-party shredding service. Customer will promptly (but in all events within five (5) Business Days) provide any retained Check (or, if the Check is no longer in existence, a sufficient copy of the front and back of the Check) to Bank as requested to aid in the clearing and collection process or to resolve claims by third parties with respect to any Check. For additional requirements relative to your state, please see the Appendix. These requirements in the Appendix are IN ADDITION to the requirements of this Section. In case of conflict, the stricter destruction requirement will control. Stamping of Original Check Customer shall stamp the original Check as “Electronically Deposited at Southern First Bank,” (or another method to indicate that it has been submitted via the Remote Deposit Service to Bank) before or durin...
Maintenance and Destruction of Original Check. You shall securely store all original Checks for a period of forty-five
Maintenance and Destruction of Original Check. You shall stamp the original Check “Processed” after the process of transmitting the Check Images to us in accordance with Section
Maintenance and Destruction of Original Check. Customer shall securely store all original Checks for a period of thirty
Maintenance and Destruction of Original Check. Member shall securely store all original Checks for a period of 30 calendar days after Member has received notice from the Credit Union that the File containing the images of such Checks has been accepted (such period the “Retention Period”). During the Retention Period, Member shall take appropriate security measures to ensure that: (a) such Checks will not be duplicated or scanned more than one time and (b) such Checks will not be deposited or negotiated in any form. Member shall destroy original Checks upon the expiration of the Retention Period applicable to such Checks. Member will promptly (but in all events within 5 business days) provide any retained Check (or, if the Check is no longer in existence, a sufficient copy of the front and back of the Check) to the Credit Union as requested to aid in the clearing and collection process or to resolve claims by third parties with respect to any Check.
