Common use of DEPOSIT OF ITEMS Clause in Contracts

DEPOSIT OF ITEMS. You may make deposits to your account using any method available from us, including deposits made in person, by mail or electronic means. We have the right to refuse to accept any check or instrument for deposit at our sole discretion. All deposits are subject to proof and verification. If you deposit a check, draft or other non-cash item, we have the right to clear it before we make the money available to you subject to applicable law and regulations. If we feel there is a reason, we may refuse, limit or return any deposit. We specifically reserve the right to refuse to accept checks for any purpose that have more than one endorsement; However, we generally will not refuse to accept such a deposit if all of the endorsers are original payees on the check and all are owners of the account into which the deposit is being made. We reserve the right not to pay interest or dividends on amounts subject to garnishment, levy or other legal process; and we reserve the right not to pay interest or dividends on the amount of any deposited item that is returned to us unpaid by the financial institution on which it is drawn (even if that means a reversal of credited interest or dividends. If you deposit an item and it is returned unpaid, we will debit your account for the amount of the item and charge you a fee. You will be liable to us for the amount of any item you deposit which is returned unpaid, and in addition, will be responsible for any of our costs and expenses incurred in the collection of such returned item from you, including actual attorneys’ fees. Subject to our Funds Availability Policy, you may not be able to withdraw funds from your account until we have received final settlement for any items deposited. If you make a deposit on a Sunday, a holiday, or after our predetermined cut-off hour on business days, the deposit will be credited to your account as of the next business day.

DEPOSIT OF ITEMS. Handling of Items. We act only as a collecting agent for any items deposited. Any deposit that we accept will be provisional and will be subject to subsequent payment verification. Just because we have made funds from a deposited check or other item available for withdrawal does not mean that the item is “good,” has “cleared,” or has been paid by the paying bank. It is possible that a deposited item will be returned unpaid months after we have made the funds available to you and you have withdrawn the funds. You may make deposits to are responsible for all items returned on your account using any method available from usAccount, and you acknowledge that no one, including deposits made in personour employees, can guarantee that a check or other item you deposit will not be returned. We are not responsible for any deposit or other transaction initiated by mail until the item or electronic meansorder is actually received. We will not be responsible for any deposit or other transaction made through the use of our night depository or any other unattended facility until the item or items are actually removed from the depository or facility by our personnel. We will not be responsible for any deposit or other transaction during the course of delivery to us by any courier or other third party until the items or orders are actually received by our personnel. We have the right to refuse endorse all checks payable to accept any check or instrument you for deposit into your Account. We will not be liable for the negligence of any correspondent bank or institution nor for any loss incurred in transit when items are forwarded to correspondents. We will not be liable for any delay as a result of any interruption of communication facilities or any other circumstances beyond our control. You agree to bear the risk of any change in the exchange rate with respect to any items that may be payable in foreign currency. You agree that we may charge back any item before payment, without notice, whether the item has been returned. You agree that, if a check that has been deposited to your Account or cashed by you at our sole discretion. All deposits are subject to proof and verification. If you deposit the Credit Union is subsequently returned based upon a checkbreach or alleged breach of any transfer warranty, draft presentment warranty, or other non-cash item, we have the right to clear it before we make the money available to you subject to applicable law and regulations. If we feel there is a reasonotherwise, we may refuse, limit or return any deposit. We specifically reserve the right to refuse to accept checks for any purpose that have more than one endorsement; However, we generally will not refuse to accept such a deposit if all of the endorsers are original payees on the check and all are owners of the account into which the deposit is being made. We reserve the right not to pay interest or dividends on amounts subject to garnishment, levy or other legal process; and we reserve the right not to pay interest or dividends on charge back the amount of any deposited such item to your Account at any time without notice. You agree that we may resubmit an item that is has been returned to us unpaid by the financial institution on which it is drawn (even if for payment, and you waive notice that means a reversal of credited interest or dividends. If you deposit an item and it is returned unpaid, we will debit has been dishonored or charged back against your account for the amount of the item and charge you a feeAccount. You will be liable to us for the amount of also agree that, if we are charged a fee by any item you deposit which is returned unpaid, and other institution or incur an expense in addition, will be responsible for connection with any of our costs and expenses incurred in the collection of such returned item from youyour Accounts, including actual attorneys’ feesthat fee or expense may be charged to your Account. Subject to our Funds Availability Policy, Requesting a hold on any deposit will not alter or release you may not be able to withdraw funds from your account until we have received final settlement responsibilities for any items depositedthat item. If you make a An item can be returned unpaid for up to three years for fraud or forgery. Acceptance of your deposit on a Sunday, a holiday, or after our predetermined cut-off hour on business days, the deposit will be credited to your account as of the next business daydoes not guarantee collectability.

DEPOSIT OF ITEMS. You may make deposits to your account using any method available from us, including deposits made in person, by mail or electronic meansby any other method we make available. All depositors for all types of savings and transaction accounts (other than Statement Savings) may make deposits at ATMs. To make a deposit in person, you will scan your Passcard and may use your personal identification number (“PIN”). We are not responsible for deposits made by mail, night depository or other outside depository until we actually record the receipt of those deposits in our books and records. You are responsible for reconstruction and proof of loss of any items, including checks and negotiable instruments included in deposits that are lost or stolen in transit before we have received and accepted the deposit. You also agree to fully cooperate and assist in the reconstruction of any items, including checks and other negotiable instruments included in the deposits that are lost or stolen after we have received and accepted the deposit. We reserve the right to limit, refuse to accept any check or instrument for deposit at our sole discretion. All deposits are subject to proof and verification. If you deposit a check, draft or other non-cash item, we have the right to clear it before we make the money available to you subject to applicable law and regulations. If we feel there is a reason, we may refuse, limit or return any deposit. All deposits must be of, or denominated in, United States currency. We specifically reserve the right to refuse to will not accept checks for any purpose that have more than one endorsement; Howeverforeign currency deposits, and except in our discretion, we generally will not refuse to accept deposit of checks or other types of transactions drawn on for- eign banks. If, in our discretion, we accept a deposit of a check or other item drawn on a foreign bank, we will accept it only for collection. If we discover an error in any deposit, we may make correcting entries and notify you of the correction. There is no time limit within which we may make such a deposit if all of the endorsers are original payees on the check and all are owners of the account into which the deposit is being madecorrection. We reserve the right You agree that you will not to pay interest or dividends on amounts subject to garnishmentdeposit, levy without our prior written consent, imaged checks or other legal process; items, such as “substitute checks", as defined by federal law, or image replacement documents that purport to be substitute checks and have not been previously endorsed by a bank. If you deposit such an item, you agree to ▇▇▇▇- ▇▇▇▇▇ us for losses, costs and expenses we reserve the right not to pay interest may incur associated with warranty or dividends on the amount of any deposited item that is returned to us unpaid by the financial institution on which it is drawn (even if that means a reversal of credited interest or dividendsindemnity claims. If you deposit an item and it is returned unpaid, we will debit your account for the amount of the item and charge you a fee. You will be liable to us for the amount of any item you deposit which is returned unpaid, and in addition, will be responsible for any of our costs and expenses incurred in the collection of such returned item from you, including actual attorneys’ fees. Subject to our Funds Availability Policy, you may not be able to withdraw funds from your account until we have received final settlement for any items deposited. If you make a deposit on a Sunday, a holiday, or after our predetermined cut-off hour on business days, the deposit will be credited to your account that lacks an endorsement we may, or may be deemed to, endorse the item on your behalf. With respect to any such item, our rights and your liabilities shall be determined as though you actually endorsed and deposited the item. Further, any item deposited to your account that bears your stamped or facsimile endorsement will be deemed to bear your actual endorsement, whether such endorse- ment was affixed by you or by someone having no author- ity to supply your endorsement. We may require that certain government checks, insurance company items or other special types of checks be personally endorsed by each of the next business daypayees. You agree to reimburse us for any loss or expense, including without limitation attorneys’ fees and the costs of litigation, arbitration or other dispute resolution to the extent provided by law, that we incur because you fail to endorse an item exactly as it is drawn. You understand that we may, in our sole discretion, rede- posit checks deposited to your account and returned for various reasons for collection. We will have no liability for resubmitting or failing to resubmit these checks without notice to you.