Exception Item includes, without limitation, an item that: (i) is illegible or contains MICR data that is not machine-readable, (ii) was previously processed for deposit, or (iii) is drawn on a financial institution located outside the United States. We will notify you of each Exception Item through a communication channel of our choosing. If you want to attempt to deposit any Exception Item to your Account after it has been determined ineligible for this Service, you may do so only by depositing the original check on which the Exception Item is based or as otherwise agreed between us.
Exception Item means an Item, the automated processing of which is interrupted because of a condition defined by Customer, such definitions which may be changed from time to time.
Exception Item is defined in paragraph 10(d) of this Agreement.
Examples of Exception Item in a sentence
You agree that if you wish to attempt to deposit any Exception Item to any of your accounts with Credit Union, you will only do so by depositing the original item on which the Exception Item is based.
Credit Union's failure to identify an Exception Item shall not preclude or limit your obligations to Credit Union.
You acknowledge and agree that even if you do not initially identify an electronic image as an Exception Item, the substitute check created by the Credit Union there from may nevertheless be returned to Credit Union because, among other reasons, the electronic image is deemed illegible by a paying bank.
Our failure to identify an Exception Item shall not preclude or limit your obligation to us.
You agree that you shall only deposit Exception Items to your accounts by depositing the original item on which the Exception Item is based.
More Definitions of Exception Item
Exception Item includes, without limitation, an Electronic Item that (a) is illegible or contains MICR data that is not machine-readable, (b) was previously processed, or (c) is drawn on banks located outside the United States and is not payable at or through a bank located within the United States. If you wish to attempt to deposit any Exception Item to your account, you shall do so only by depositing the original paper item on which the Exception Item is based or otherwise agreed between us. Even if we do not initially identify an Electronic Item as an Exception Item when we review and process the Electronic Item to which the Exception Item relates, the Electronic Item, substitute check, or the purported substitute check created by us from it may nevertheless be returned to us because, among other reasons, the Paying Bank determines that such item or check is illegible or is an unreadable image. Our failure to identify an Exception Item shall not preclude or limit your obligation to First Resource Bank. Chargebacks All checks posted to your account through Mobile Capture are posted subject to our receipt of final payment by the payor bank. Upon receipt of final payment, the item becomes a collected item. If final payment is not received or if any item you have deposited is charged back to us for any reason, you authorize us to charge any of your accounts without prior notice and at any time, for the amount of the returned item, our return fee, any interest paid on that item, and any other fee we pay or incur. We reserve the right to refuse any item for deposit into your account as well as the right to withhold the availability of funds as per the “Terms and Conditions of Your Account” agreement. Deposits to the Account Subject to our right to identify and reject Exception Items, we shall be deemed to have accepted each Electronic Item that is not an Exception Item for deposit to the account on the business day that we process the Electronic Item, provided its transmission to us is prior to the Cut-Off Time. In addition, an Electronic Item will be deemed to have been deposited at the office where the account is maintained.
Exception Item means a Presented Item (Check or ACH transaction) that does not match the Issued Check File, Single Entry Input or the Payment Rules provided to the Bank.
Exception Item includes, without limitation, an Electronic Item that (a) is illegible or contains MICR data that is not machine-readable, (b) was previously processed as an Electronic Item, or (c) is drawn on banks located outside the United States and is not payable at or through a bank located within the United States. We will notify you of each Exception Item through Peoples Savings Bank’s online banking secure email or other communication channels at our discretion. If you wish to attempt to deposit any Exception Item to your account, you shall do so only by depositing the original paper item on which the Exception Item is based or otherwise agreed between us. Even if we do not initially identify an Electronic Item as an Exception Item when we review and process the Electronic Item to which the Exception Item relates, the Electronic Item, substitute check, or the purported substitute check created by us from it may nevertheless be returned to us because, among other reasons, the Paying Bank determines that such item or check is illegible or missing an image. Our failure to identify an Exception Item shall not preclude or limit your obligation to Peoples Savings Bank.
Exception Item. With respect to Services using Images, an Image that we, in our sole discretion, determine to be ineligible for certain Services including, without limitation, Images of checks drawn on banks located outside the United States, Images that are illegible, electronic images of checks previously converted to substitute checks, and Images with unreadable MICR information. ISP - Internet Service Provider. IRS - the Internal Revenue Service. Losses - any losses, damages, liabilities, costs and expenses (including attorneys' fees). MICR - Magnetic Ink Character Recognition. OFAC - The Office of Foreign Assets Control of the U.S. Department of the Treasury. PIN - personal identification number. Privacy Policy - Privacy Notice, and our Privacy Statement and other privacy disclosure(s), which are available in the Privacy & Security section at xxx.xxx. Sanctioned Entity - (a) An agency of the government of, (b) an organization directly or indirectly controlled by, or (c) a person resident in, a country that is subject to a sanctions program identified on the list maintained by OFAC and available at xxxx://xxx.xxxxx.xxx/offices/enforcement/ofac/sanctions/xxxxx.xx ml or as otherwise published from time to time as such program may be applicable to such agency, organization or person. Sanctioned Person - any government, country, corporation or other entity, group or individual with whom or which OFAC prohibits a U.S. person from engaging in transaction and includes any individual or corporation or other entity that appears on the current Specially Designated Nationals and Blocked Persons list published by OFAC. Security Item - any usernames, PINs, passwords, codes, marks, signs, public keys or other means of identification. SFTP - secure file transmission protocol. TIN - Taxpayer Identification Number. City National Bank Treasury Management Services 000 Xxxxx Xxxxx Xxxxxx, 0xx Xxxxx Xxx Xxxxxxx, XX 00000 (000) 000-0000 City National Bank is a subsidiary of Royal Bank of Canada. xxx.xxx CNB Member FDIC Business Electronic Fund Transfer Agreement and Disclosure For use with Account Agreement and Disclosures BUSINESS ELECTRONIC FUND TRANSFER AGREEMENT AND DISCLOSURE FOR CITY NATIONAL BANK VISA® BUSINESS CHECK CARDS CITY NATIONAL BANK BUSINESS AUTOMATED TELLER MACHINE CARDS POINT OF SALE TRANSFERS TELEPHONE BANKING TRANSFERS PRE-AUTHORIZED TRANSFERS OTHER ELECTRONIC FUND TRANSFERS
Exception Item includes, without limitation, an Electronic Image that (a) is illegible or contains MICR data that is not machine- readable, (b) was previously processed as an Electronic Image, or (c) is drawn on banks located outside the United States and is not payable at or through a bank located within the United States. We will notify you of each Exception Item via text message, email, or phone call at our discretion. If you wish to attempt to deposit any Exception Item to your Account, you shall do so only by depositing the original Paper Item on which the Exception Item is based or as otherwise agreed between us. Even if we do not initially identify an Electronic Image as an Exception Item when we review and process the Electronic Image to which the Exception Item relates, the Electronic Image, substitute check, or the purported substitute check create by us from it may nevertheless be returned to us because, among other reasons, the Paying Bank determines that such item or check is illegible or missing an image. Our failure to identify an Exception Item shall not preclude or limit the obligation of you to Envision Credit Union as referenced under the Your Warranties to Envision Credit Union section presented below in this disclosure.
Exception Item means an ACH Transaction that is not an Authorized ACH Entry.
Exception Item mean any Check or other Item that does not match the criteria in a Master Issue File.