Check Processing Sample Clauses
The Check Processing clause outlines the procedures and responsibilities related to handling, depositing, and clearing checks within a contractual relationship. It typically specifies the timeframes for depositing checks, the party responsible for any fees or returned checks, and the process for addressing discrepancies or errors in check payments. By clearly defining these steps, the clause ensures efficient and predictable management of check transactions, reducing the risk of disputes and delays in payment processing.
Check Processing. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. This means that we do not individually examine all of your items to determine if the item is properly completed, signed and indorsed or to determine if it contains any information other than what is encoded in magnetic ink. You agree that we have not failed to exercise ordinary care solely because we use our automated system to process items and do not inspect all items processed in such a manner. Using an automated process helps us keep costs down for you and all account holders.
Check Processing. The University further agrees to send a check or ACH Payment to the Union for all union dues and/or agency shop fee deductions which have been requested by employees or is required for employees covered by this Agreement. The cost of processing the check shall be ten dollars ($10.00). In addition, the University will charge the Union seven cents ($.07) for each dues deduction made from a paycheck.
Check Processing. MERCHANT shall submit all documentation related to the guaranteed transactions to SPS-EFT within forty-eight hours of SPS- EFT’s request, including but not limited to sales receipts, invoices, or other documentation related to the transaction.
Check Processing. MERCHANT shall submit all documentation related to the guaranteed transactions to Paya-EFT within forty-eight hours of Paya-EFT’s request, including but not limited to sales receipts, invoices, or other documentation related to the transaction.
Check Processing. You authorize us to endorse all checks we receive on your behalf through this Service. We may accept checks for deposit to your Account without endorsement and regardless of any difference between the name of the payee and your legal name (e.g., “Acme”, as opposed to “Acme Publishing, Inc.”). You will be deemed to warrant the endorsement of all items we receive through this Service, as well as your right to receive such items for deposit to your Account.
Check Processing. MERCHANT shall submit all documentation related to the guaranteed transactions to GETI within forty-eight hours of GETI’s request, including but not limited to sales receipts, invoices, or other documentation related to the transaction.
Check Processing. We process items mechanically by relying solely on the information encoded in magnetic ink along the bottom of the items. This means that we do not individually examine all of your items to determine if the item is properly completed, signed and indorsed or to determine if it contains any information other than what is encoded in magnetic ink. You agree that we have exercised ordinary care if our automated processing is consistent with general banking practice, even though we do not inspect each item. Because we do not inspect each item, if you write a check to multiple payees, we can properly pay the check regardless of the number of indorsements unless you notify us in writing that the check requires multiple indorsements. We must receive the notice in time for us to have a reasonable opportunity to act on it, and you must tell us the precise date of the check, amount, check number and payee. We are not responsible for any unauthorized signature or alteration that would not be identified by a reasonable inspection of the item. Using an automated process helps us keep costs down for you and all of our members.
Check Processing. Checks. In accordance with reasonable banking standards, most checks and other items are processed through automated processing and, except in limited circumstances and in our discretion, most items are not individually examined. You agree that we act within reasonable banking standards and exercise ordinary care by processing most checks and other items through automated processing systems.
Check Processing. For check processing, BIBTC Clients must send original checks in a sealed envelope to the following address: Bancrédito International Bank & Trust Corporation, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Ave, Suite 1410, San ▇▇▇▇ Puerto Rico; Attn. Operations Department. Client must keep a copy of each check (front and back) as a receipt of the request and personal record. The cut off period for processing checks will be from Monday to Friday at 1:00pm AST. All checks received after 1:00pm AST will be processed on the next business day.
Check Processing. For certain loan programs, EVRI will be required by Bank Operation Procedures and Loan Standards to fund loans through the use of a check rather than a documentary draft. In those cases, EVRI will obtain all necessary information and Loan Documents in order to properly evidence the customer's loan obligation and the Bank's security interest in the vehicle (as set forth in the Operations Procedures and Loan Standards). Once all necessary documents and information are obtained, EVRI shall properly distribute all loan funds to customers, pay off other lenders, pay taxes or other titling fees, as required by and in conformance with the Operating Procedures.