Common use of Deposit Status Clause in Contracts

Deposit Status. After a check has been deposited using Mobile Deposit and received by us, you should monitor the check’s processing status using the Mobile Deposit service. You will not receive a separate confirmation that a check image has been received by us. Contact us immediately if you suspect any error or that we did not receive the transmission. Please refer to your Deposit Account Agreement for additional responsibilities with respect to notifying us of problems with your deposits. If we become aware of a problem with your deposit (such as the check is rejected, the check image is unusable, the check was previously presented or deposited, or the type of check is not permitted), we will attempt to contact you within three business days.

Appears in 2 contracts

Sources: Online Banking Agreement, Online Banking Agreement