Processing of Items. Images of items transmitted by you are not considered received by the Credit Union until you have received an electronic confirmation of the receipt of the deposit from the Credit Union. However, receipt of the confirmation from the Credit Union does not mean that the transmission was error free or complete. Items transmitted by you and received by the Credit Union or its subcontractors by 3:00 p.m. Eastern Time on a Business Day, shall be deemed deposited to your applicable account on the same Business Day. Items received by the Credit Union after 3:00 p.m. Eastern Time on any Business Day shall be considered deposited to your applicable account on the next successive Business Day.
Appears in 2 contracts
Sources: Mobile Check Deposit Service Agreement, Mobile Check Deposit Service Agreement