Night Depository Service Disclosure Sample Clauses

Night Depository Service Disclosure. Truliant Federal Credit Union (“Credit Union”) offers night depository services under these terms and conditions in this Agreement. By utilizing this service, you are agreeing to the following terms and conditions: For purposes of these terms and conditions, the following definitions will apply. • Business Day - A business day is any day Monday through Friday the Credit Union is operating and open for business except any federal holidays or other holidays the Credit Union observes. • Night Depository Facility - Any of the facilities operated by the Credit Union for the purpose of accepting deposits from Credit Union members. • Assumption of Risk - You assume any and all risks arising out of or incidental to the use of the night depository services. You acknowledge that Credit Union has provided instructions on the proper operation and use of its night depository facility. Procedures for Making Deposits. Credit Union provides deposit envelopes and will provide sealing bags as necessary upon request. You shall place all envelopes and/ or sealed bag(s) in the night depository facility. You shall take all action necessary to ensure the envelope(s) and/ or sealed bag(s) are properly placed in the appropriate receptacle. You shall make sure envelopes are filled out correctly upon deposit. You shall make sure all sealed bags deposited in the night depository facility will contain an itemized deposit slip listing all currency, coins, and negotiable instruments. All negotiable instruments must be itemized on the deposit ticket or a separate calculator tape must be provided. All negotiable instruments must have proper endorsements, which include “pay to the order of” and the business name. Procedures for Removing and Processing Deposits. Any night depository envelopes or bags that were deposited before 7am in the night depository will be removed each business day (Monday-Friday) for processing. Credit Union will verify each deposit and will credit the face value of the currency, coins and negotiable instruments, which the Credit Union finds in each envelope and/ or sealed bag to the member’s Account. Availability of all deposits will be subject to the Credit Union’s Funds Availability Policy. Credit Union’s findings and records with respect to the contents of each bag will be conclusive and binding upon you. If Credit Union finds evidence that a bag has been tampered with Credit Union will contact you to inform you of the situation.
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Night Depository Service Disclosure. Truliant Federal Credit Union (“Credit Union”) offers night depository services under these terms and conditions in the Account Agreement. By utilizing this service, you are agreeing to the following terms and conditions: For purposes of these terms and conditions, the following definitions will apply. • Business Day – A business day is any day Mondaythrough Friday the credit Union is operating and open for business except any federal holidays the Credit Union observes. • Night Depository Facility – Any of the facilities operated by the Credit Union for the purpose of accepting deposits from Credit Union Members.

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