Common use of Rejection of Deposit Clause in Contracts

Rejection of Deposit. You agree that we are not liable for any service or late charge levied against you due to our rejection of any item. In all cases, you are responsible for any loss or overdraft, plus any applicable fees and interest, resulting from an item being returned. We will notify you by e-mail, by telephone, or by telephonic text messaging, of items that are rejected by the next Business Day following the day of deposit. Items Returned Unpaid. A written notice will be sent to you of transactions we are unable to process because of returned items. With respect to any item that you transmit to us for deposit that we credit to your account, in the event such item is dishonored, you authorize us to debit such item from your account, and if funds are not available in such account, to debit the funds in any other account you have with us, as provided herein. Email Address. You agree to notify us immediately if you change your email address, as this is the address where we will send you notifications regarding mobile deposit items.

Appears in 3 contracts

Sources: Me/Mobile Check Deposit Supplemental Service Agreement, Me/Mobile Check Deposit Supplemental Service Agreement, Me/Mobile Check Deposit Supplemental Service Agreement