Common use of Retention of Checks Clause in Contracts

Retention of Checks. While using this service and upon reasonable notice, Customer agrees to retain each original check, and an image of each original check in a format specified by us, without affixing any void language to the original check, for a minimum of fourteen (14) calendar days from the date of the deposit (“Retention Period”). You agree, upon our request and during the Retention Period, to provide either the original check or an imaged copy of any check that was transmitted to us using this service. You agree to store each original check and an image of each original check in a secure location. Upon reasonable notice, Customer agrees that we can inspect the location where you keep the original checks and imaged checks, but we have no obligation to conduct an inspection.

Appears in 6 contracts

Samples: Hancock Whitney Bank, Master Agreement, Master Agreement

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