Common use of THE MOBILE DEPOSIT SERVICE Clause in Contracts

THE MOBILE DEPOSIT SERVICE. Mobile Deposit Service is available through the App for Mobile Deposit Eligible Accounts. You may deposit (i) original checks payable to “cash”; (ii) as a consumer, original checks payable solely to you; and (iii) as a business customer, original checks payable only to the business name on the Mobile Deposit Eligible Account (all referred to as “Checks”). Mobile deposits are completed by capturing images of the Checks and then transmitting those images and other data to us electronically subject to the limitations contained in this Mobile Agreement. The Checks will then be processed electronically. Although the images and data are transmitted to us electronically for processing, deposits made through the Mobile Deposit Service are not electronic fund transfers. You agree to only deposit Checks payable solely to you as permitted by this Agreement. We may elect, at our discretion, to verify the authenticity or content of any transmission by placing a call to any owner or authorized signer on the Mobile Deposit Eligible Account but are not required to. We may deny access to the Mobile Deposit Service without prior notice if we are unable to confirm to our satisfaction any person’s authority to access the Mobile Deposit Service or if we believe such action is necessary for security reasons. You agree to be responsible for any transmission or transaction we receive through the Mobile Deposit Service, even if it is not authorized by you. Each time you transmit Check images and other information to us, you warrant that our security procedures are commercially reasonable (based on the normal size, type, and frequency of your transactions).