Common use of Endorsement and Procedures Clause in Contracts

Endorsement and Procedures. You agree to restrictively endorse any check transmitted through the Service as instructed by us. You agree to follow any and all other procedures and instructions for use of the Service as we may establish from time to time. Errors - You agree to notify us of any suspected errors regarding checks deposited through the Service right away, but no later than 30 days after the applicable account statement is sent. Unless you notify us within 30 days, such statements regarding all deposits made through the service shall be deemed correct, and you are prohibited from bringing a claim against us for such alleged errors. By using the service you accept the risk that a check may be intercepted or misdirected during transmission. We bear no liability to you or others for any such intercepted or misdirected checks or information disclosed through such errors. Image Quality - The image of a check transmitted to us using the Service must be legible, as determined in our sole discretion. Without limiting the foregoing, the image quality of the checks must comply with the requirements established from time to time by us, ANSI, the Board of Governors of the Federal Reserve Board, or any other regulatory agency, clearinghouse or association. Presentment - The manner in which the checks are cleared, presented for payment, and collected shall be in our sole discretion subject to the Terms and Conditions governing your Account. You authorize us to process any image that you send us or convert any image to an Image Replacement Document (IRD) for subsequent presentment and collection.