Common use of Mobile Remote Deposit Capture Clause in Contracts

Mobile Remote Deposit Capture. Subject to the terms and conditions herein, customer subscribes to, and Bank agrees to provide, the Mobile Remote Deposit Capture (“MRDC”) Service to be used by customer in accordance and in compliance with and the Check Clearing for the 21st Century Act (“Check 21 Act”). The MRDC Service enables you to create and submit electronic check images (also known as Image Replacement Documents (“IRDs”) to Bank, for deposit to your personal or business deposit account(s), as applicable, in lieu of the Original Checks (as defined herein) from which such MRDC check images were obtained. The dollar amount limits and daily number of transaction limits for MRDC shall be determined by the Bank in is sole discretion. Customer should visit the Bank Website at ▇▇▇.▇▇▇.▇▇▇ or talk to their IBC banker for information regarding dollar limit and daily number of transactions restrictions. Items exceeding customer’s daily limits must be delivered to Bank for processing or held until the next Business Day for transmittal. Bank retains the ability to either approve or deny your use of IBC Mobile Banking Services, including the MRDC Service in Bank’s sole and absolute discretion. If Bank approves you to use such IBC Mobile Banking Services, then by using such IBC Mobile Banking Services, you agree to the applicable provisions set forth in this Agreement, you agree to pay any fees that Bank may charge in conjunction with such IBC Mobile Banking Services (as set forth in Bank’s current Schedule of Fees and Charges), and you understand and agree that the meanings of the defined terms set forth in this Agreement and any related documentation made available to you by us for use with the IBC Mobile Banking Services. In the event of any unforeseen issues or failure of this product for MRDC deposits, your deposits can be made in person at any Bank branch.