Returned Items and Claims Regarding Items. If a Payor Financial Institution returns an item to Bank unpaid, the item may be returned to Customer as an Image Replacement Document or an Image Exchange Item, each as defined in the Check 21 Act. If a Payor Financial Institution or other third party makes a claim against Bank or seeks recredit with respect to an Electronic Item, Bank may provisionally freeze or hold aside a like amount in the Customer Account pending investigation and resolution of the claim.
Appears in 3 contracts
Sources: Internet Banking Agreement, Consumer Online Banking Agreement, Consumer Online Banking Agreement