Right to Reject Any Deposit Clause Samples
The 'Right to Reject Any Deposit' clause grants a party, typically a landlord or financial institution, the authority to refuse any deposit offered by another party, such as a tenant or customer. In practice, this means the recipient is not obligated to accept funds or security deposits, regardless of whether they meet standard requirements or are tendered within expected timelines. This clause serves to protect the recipient from being compelled to accept deposits under unfavorable conditions or from parties they deem unsuitable, thereby allowing greater discretion and risk management in contractual relationships.
Right to Reject Any Deposit. We may refuse any check for deposit, with or without cause, or may elect to take a check on a collection basis only. We are under no obligation to accept any item, wire, electronic funds transfer, or other transaction for deposit to your Account or for collection, and we may refuse to cash or give value for any such item. We may restrict access to any deposit credited to your account that violates any laws of the United States, including those giving rise to OFAC sanctions. Unless Bank specifically permits you to do so, you may not deposit any substitute check that has not been previously handled by a bank in the collection process. This means you cannot deposit a substitute check you create, or one that is created by another person, unless we enter into an agreement to do so. Nevertheless, if a substitute check is received for deposit, you will be responsible for any losses you or another person suffers relating to that substitute check.
Right to Reject Any Deposit. We may refuse any check for deposit, with or without cause, or may elect to take a check on a collection basis only. We are under no obligation to accept any item, wire, electronic funds transfer, or other transaction for deposit to your Deposit Account or for collection, and we may refuse to cash or give value for any such item. We may restrict access to any deposit credited to your Deposit Account that violates any laws of the United States, including those giving rise to OFAC sanctions. Unless we specifically permit you to do so, you may not deposit
Right to Reject Any Deposit. Us and/or Synapse through the Partner Financial Institution is under no obligation to accept any item, wire, electronic funds transfer, or other transaction for deposit to your Account or for collection, and we and/or Synapse through the Partner Financial Institution may refuse to cash or give value for any such item. We and/or Synapse through the Partner Financial Institution may restrict access to any deposit credited to your account that violates any laws of the United States, including but not limited to those giving rise to OFAC sanctions.
Right to Reject Any Deposit. Us and/or Synapse through the Partner Financial Institution is under no obligation to accept any item, wire, electronic funds transfer, or other transaction for deposit to your Account or for collection, and we and/or Synapse through the Partner Financial Institution may refuse to cash or give value for any such item. We and/or Synapse through the Partner Financial Institution may restrict access to any deposit credited to your account that violates any laws of the United States, including but not limited to those giving rise to OFAC sanctions.