Common use of Remote Deposit Capture Service Clause in Contracts

Remote Deposit Capture Service. If Customer has requested and been approved to use the Remote Deposit Capture (“RDC”) Service, Customer will have the ability to scan checks received for payment, create deposits, and electronically transfer those deposits for credit to one or more of Customer’s demand deposit accounts (“DDAs”) maintained at Bank and designated in writing by Customer (the “RDC Account”). Images of checks scanned by Customer will be transmitted through a secure, browser based user interface. Customer understands and agrees that the RDC Services may be provided directly to Customer by Bank or by Bank’s designated third party vendor. Customer also understands that, at the option of Bank or as otherwise necessary, Bank or its vendor will prepare “Substitute Checks” / Image Replacement Documents (as that term is defined in the Check Clearing For the 21st Century Act (Check 21 Law), and implemented through Regulation CC, 12 C.F.R. Part 229) to facilitate the deposit and collection of Customer’s items. Bank may use any means and routes that Bank (or its vendor), in its sole discretion, may consider suitable for the processing of deposits.

Remote Deposit Capture Service. If Customer has requested and been approved to use the Remote Deposit Capture (“RDC”) Service, Customer will have the ability to scan checks received for paymentimages of checks, create deposits, and electronically transfer those deposits for credit to one or more of Customer’s demand deposit accounts (“DDAs”) maintained at Bank and designated in writing by Customer (the “RDC Account”). Images of checks scanned by Customer will be transmitted through a secure, browser based user interface. Customer understands and agrees that the RDC Services may be provided directly to Customer by Bank or by Bank’s designated third party vendor. Customer also understands that, at the option of Bank or as otherwise necessary, Bank or its vendor will prepare “Substitute Checks” / Image Replacement Documents (as that term is defined in the Check Clearing For the 21st Century Act (Check 21 Law)), and implemented through Regulation CC, CC (12 C.F.R. Part 229) ), to facilitate the deposit and collection of Customer’s items. Bank may use any means and routes that Bank (or its vendor), in its sole discretion, may consider suitable for the processing of deposits.