Common use of Check Printing Clause in Contracts

Check Printing. If you arrange for the printing of your own checks, the form, encoding and format of the checks must follow our check specification requirements and be approved by us in advance. If you print any special limitations on your checks such as “void over $100” or “paid in full” or “void after 90 days,” you agree that we are not bound by such limitations and you authorize us to pay such items without regard to the limitation(s). Check processing is getting faster as banks begin to process checks "electronically." We are required by law to provide the notice in the following section "Substitute Checks and Your Rights", which explains the differences between your original check (which might not be returned) and a substitute check, and your rights in the event the substitute check causes a loss that would have been avoided if the original check was still available.