Check Deposit Clause Samples

The Check Deposit clause outlines the terms and conditions under which checks may be deposited into an account or used as a form of payment. Typically, it specifies the procedures for accepting checks, the time required for funds to become available, and any limitations or responsibilities regarding returned or dishonored checks. For example, it may state that deposited checks are subject to verification and may be held for a certain period before the funds are accessible. The core function of this clause is to clarify the process and responsibilities related to check deposits, thereby reducing disputes and ensuring both parties understand the timing and risks involved.
Check Deposit. The Check Deposit Service (the “Service”) allows you to make deposits of Qualifying Items to the Account by endorsing the paper originals, placing our name and the words “for online/ mobile deposit only” on the back of the check, and then submitting both sides of the checks and sending their accurate images to us, together with deposit instructions, via a supported Internet enabled desktop or mobile device as specified by us, rather than by providing us with the paper originals. This service is provided to you by us and powered by a Third Party (“Licensor”) technology solution. The following End User Terms is a legal agreement between you and us. You acknowledge that you have read and agree to the terms of this Agreement and the Affinity Federal Credit Union Online Banking Agreement. By clicking on Accept, you agree to be bound by the terms of both Agreements. We reserve the right to alter charges and/or these End User Terms from time to time, and we reserve the right to terminate, discontinue or suspend any service at any time. We may terminate Check Deposit services at any time, including if you or your accounts are not eligible for any service, if we believe you are in breach of your account agreement with us, the Agreement or these End User Terms, or in the event your mobile service terminates or lapses.
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Check Deposit 
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Related to Check Deposit

  • Cash Deposit No cash will be deposited into the certificate account on the closing date.

  • Direct Deposit If you have arranged to have a direct deposit made to your account at least once every 60 days from the same source and you do not receive a receipt (such as a pay stub), you can find out whether or not the deposit has been made by calling (▇▇▇) ▇▇▇-▇▇▇▇. This does not apply to transactions occurring outside the United States.

  • Initial Deposit On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve Account according to Section 4.1 of the Exchange Note Sale Agreement.

  • The Deposit The Tenant shall pay to Choose an item £0.00 (zero pounds) in cleared funds not less than 72 hours prior to the commencement of this Tenancy as a Deposit*. The Deposit to be held by the Choose an item as Stakeholder. At the end of the Tenancy the Landlord’s Agent shall return the Deposit to the Tenant subject to the rules set out in this Agreement.

  • Deposit A deposit totaling 35% of the agreed upon Total Amount is due with acceptance of rental agreement. Payment of deposit shall be deemed as acceptance of this rental agreement. Payment may be made by traveler's checks, bank money order, wire transfer, or certified check or major credit card. Personal checks will be accepted upon approval; if funds are not credited within Ten days booking will be cancelled. The deposit amount is $_DepositAmount_.