Non-Member Check Cashing Sample Clauses
The Non-Member Check Cashing clause defines the terms under which a financial institution will cash checks for individuals who do not hold accounts with the institution. Typically, this clause outlines any identification requirements, applicable fees, and limitations on the types or amounts of checks that can be cashed by non-members. Its core practical function is to set clear expectations and procedures for non-members seeking check cashing services, thereby managing risk and ensuring compliance with regulatory requirements.
Non-Member Check Cashing. You agree that we may impose a fee as set forth in the Schedule on the payee or other holder of a check or other item drawn against your account(s) that is presented for payment over the counter (in-person or otherwise) at the Credit Union rather than being deposited in an account at another institution and presented for payment through the check collection system. Alternately, we may, in our discretion, limit the locations at which we will cash checks written on your Account payable to non-Credit Union account holders (A request that Credit Union cash the check at any other location is not a proper presentment of the check by your specific agreement.) Payees may deposit the checks that you give them into their own account(s) with us in order to receive payment without a fee.
Non-Member Check Cashing. If a non-member is a payee or holder of a check that is drawn against your account, otherwise known as an on-us check, you acknowledge and agree that we may deny to pay the check if we are unable to determine their identity or are unable to obtain additional information to verify the validity of the check.
Non-Member Check Cashing. You agree that we may impose a fee as set forth in the Schedule on the payee or other holder of a check or other item drawn against your account(s) that is presented for payment over the counter (in-person or otherwise) at the Credit Union rather than being deposited in an account at another institution and presented for payment through the check collection system. Alternately, we may, in our discretion, limit the locations at which we will cash checks written on your Account payable to non-Credit Union account holders (A request that Credit Union cash the check at any other location is not a proper presentment of the check by your specific agreement.) Payees may deposit the checks that you give them into their own account(s) with us in order to receive payment without a fee. 8h. Checks you Request from the Credit Union: If you request any check be issued by the Credit Union pursuant to any means we make available, then all such checks are payable to the first named owner of the account, record owner, trustee, custodian, or as otherwise indicated on your account card with us and will be mailed to the address of record. 8i. Temporary Holds and Authorizations for Amounts in Excess of Transactions: To facilitate certain transactions you make we may place temporary holds on funds in your accounts. The Credit Union can neither control the parties with whom you do business nor regulate the processing of transactions through the commercial networks used to facilitate your transactions. Therefore, it is your obligation to insure that sufficient funds are on deposit at all times to cover the transactions you make – including the amount that may be subject to these holds. Pursuant to the processing networks rules a merchant (hotel, car rental company, retailer, etc.) may obtain authorization for up to 3 times the total estimated amount of your actual hotel stay, car rental or purchase. This is deemed to be an “authorized amount” by you and the authorized amount will not be available via your account until after your ▇▇▇▇ is finally settled with such merchant(s), which can cause an insufficient funds situation in your account(s). Even if your ▇▇▇▇ is satisfied with another form of payment, the merchant/retailer may continue to hold the funds as originally authorized by you for these time periods. In order to avoid problems associated with these holds and authorizations, we recommend you not use your debit/check card when checking in at hotels or renting cars (which a...
Non-Member Check Cashing. You agree that we may impose a fee as set forth in the Schedule on the payee or other holder of a check or other item drawn against your account(s) that is presented for payment over the counter (in-person or otherwise) at the Credit Union rather than being deposited in an account at another institution and presented for payment through the check collection system. Payees may deposit the checks that you give them into their own account(s) with us in order to receive payment without a fee.
Non-Member Check Cashing. When issuing checks under this agreement, you acknowledge that the Credit Union may charge the payee of your check for non-member check cashing services at any of our locations. Refer to the Rates and Fees Schedule for additional information.
Non-Member Check Cashing. If you issue a check drawn on your checking account and a non- member of Advia Credit Union seeks to cash the check, you agree that we may require the non-member to provide appropriate physical and/or documentary identification as a condition of cashing the check. You also agree that we may refuse to cash a check, even if it is properly payable and proper identification is provided, and such refusal shall not constitute wrongful dishonor of your check. Further, you agree we have the right to charge the non-member, as a condition of cashing the check, a nonmember check cashing fee. This fee, which is reflected in our current Service Charges, helps us cover the additional costs and risks involved in cashing a check for a non- member. You understand and agree that a non-member seeking to cash a check drawn on your account retains the ability to deposit the check with their own financial institution which would result in your check being presented to us through normal check processing channels.