Common use of Restrictive Endorsement Clause in Contracts

Restrictive Endorsement. Prior to capturing a digital image of the original check, you will endorse the back of the original check as follows: For BFSFCU Mobile Deposit Only; [signature of payee]. BFSFCU reserves the right to reject an item that does not bear this restrictive endorsement. 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 Mobile Check Deposit that we credit to your Account, in the event such item is dishonored, you authorize us to debit the amount of such item along with any applicable fees from the Account.

Appears in 2 contracts

Sources: Mobile Check Deposit Service Agreement, Mobile Check Deposit Service Agreement