Common use of Deposit Limit Clause in Contracts

Deposit Limit. ▇▇▇▇▇▇▇ reserves the right to impose limits on the number of deposits that you transmit using the Deposit services and to modify limits from time to time. If you attempt to initiate a deposit in excess of these limits, ▇▇▇▇▇▇▇ may reject your deposit. If ▇▇▇▇▇▇▇ permits you to make a deposit beyond these limits, such deposit will still be subject to the terms of this agreement, and ▇▇▇▇▇▇▇ will not be obligated to allow such a deposit at other times. Deposit limits are subject to change at any time at ▇▇▇▇▇▇▇’s discretion. Daily and per item dollar limits may vary and are subject to change. Types of checks allowed. You agree to scan and deposit only “checks” that are made payable to the account holder: personal checks, business checks, U.S. Treasury checks, cashier’s checks and money orders; any check payable in U.S. dollars and drawn on banks in the United States. Type of checks not allowed. Foreign items, which included items drawn on foreign banks or payable in funds other than U.S. dollars, third party checks even if signed over to you, Image Replacement Documents (IRD’s), Substitute Checks, Travelers Cheques, stale dated checks, postdated checks, non-negotiable items, any item that has been re-deposited or returned, savings bonds, any item previously deposited or cashed. Image Quality. The image of an Item transmitted using Mobile Deposit must be clear and legible, capturing all information on both the front and back of the original Item, including any endorsements. The image must not be altered and must provide a complete representation of the Item. Nicolet National Bank reserves the right, at its sole discretion, to reject any image for deposit using Mobile Deposit.