Common use of Unacceptable Items for Deposit Clause in Contracts

Unacceptable Items for Deposit. You understand and agree that you will not use Mobile Deposit to deposit the following items: ● Any third-party check (any item that is made payable to another party and then endorsed to you by such party). ● Any check drawn or otherwise issued by you or any other person on any of your accounts or any account on which you are an authorized signer or joint account holder with TEACHERS FEDERAL CREDIT UNION. ● Any check that contains evidence of alteration to the information on the check. ● Any check or item previously converted to a substitute check, as defined in Regulation CC. ● Any check drawn on a financial institution located outside the United States. ● Any check or item not payable in United States currency. ● Any check dated more than 6 months prior to the date of deposit. ● Any check that has been re-deposited or returned such as “non-sufficient funds” or “refer to maker” or returned for any other reason. ● Any remotely created checks, as defined in Regulation CC. ● Any check or item prohibited by our current procedures relating to Mobile Deposit or which are otherwise not acceptable under the terms of your account.