Common use of Types of Checks Clause in Contracts

Types of Checks. You agree to scan and deposit only checks as the term “check” is defined in the Expedited Funds Availability Act as implemented by Regulation CC. In addition you agree to only scan items that are properly endorsed. You agree that you will not use the Service to scan and deposit any checks as shown below: • Checks in amounts over $1,000 • Checks not properly endorsed • Checks payable to any person or entity other than you • Checks payable jointly, unless deposited into an account in the name of all payees • Checks containing alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. • Checks previously converted to a substitute check, as defined in Regulation CC. • Checks drawn or payable through any foreign bank or a financial institution located outside the United States, or checks not payable in United States currency. • Checks that are remotely created, as defined by Reg CC • Post-dated checks or Stale-dated checks • Checks that are in any way incomplete, including but not limited to unsigned checks or not dated checks. • Checks prohibited by the Bank’s current procedures relating to the Service or which are otherwise not acceptable under the terms of your Account Agreement. • Checks on which the numerical and written amounts are different • Checks that have been previously returned unpaid by the financial institution on which they are drawn • Checks that are payable to Cash • Starter kit checks • Money Orders, Cashier’s Checks, Travelers Checks, or Savings Bonds • Credit Card Checks, Insurance Checks, and Tax Refunds • Checks that have previously been submitted through a remote deposit capture service offered at another other financial institution

Types of Checks. You agree to scan and deposit only checks as the term “check” is defined in the Expedited Funds Availability Act as implemented by Regulation CC. In addition you agree to only scan items that are properly endorsed. You agree that you will not use the Service to scan and deposit any checks as shown below: • Checks in amounts over $1,000 2,500 • Checks not properly endorsed • Checks payable to any person or entity other than you • Checks payable jointly, unless deposited into an account in the name of all payees • Checks containing alteration to any of the fields on the front of the check or item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the check or item is drawn. • Checks previously converted to a substitute check, as defined in Regulation CC. • Checks drawn or payable through any foreign bank or a financial institution located outside the United States, or checks not payable in United States currency. • Checks that are remotely created, as defined by Reg CC • Post-dated checks or Stale-dated checks • Checks that are in any way incomplete, including but not limited to unsigned checks or not dated checks. • Checks prohibited by the Bank’s current procedures relating to the Service or which are otherwise not acceptable under the terms of your Account Agreement. • Checks on which the numerical and written amounts are different • Checks that have been previously returned unpaid by the financial institution on which they are drawn • Checks that are payable to Cash • Starter kit checks • Money Orders, Cashier’s Checks, Travelers Checks, or Savings Bonds • Credit Card Checks, Insurance Checks, and Tax Refunds • Checks that have previously been submitted through a remote deposit capture service offered at another other financial institution