Common use of Unacceptable Items for Deposit Clause in Contracts

Unacceptable Items for Deposit. You understand and agree that you will not deposit the following items using Mobile Deposit: • Any item previously negotiated or “cashed” at another financial institution or other Levo CU location or deposit channel causing the same drawer’s account to be debited twice. • Any third party check, i.e., any item that is made payable to another party and then endorsed to you by said party. • Any item drawn on the same account that you are depositing to. • Any item that contains evidence of alteration to the information on the check, or which you know or suspect is fraudulent or otherwise not authorized by the owner of the account. • Any item that is “non-negotiable” (whether stamped in print or as a watermark). • Any check previously converted to a “substitute check,” as defined in Regulation CC. • Any item issued to you by a financial institution in a foreign country or not payable in U.S. currency. • Any item that is “stale dated” more than six (6) months prior to deposit. • Any item that is “postdated” after the date of deposit. • Any item that is incomplete. • Any item that has been re-deposited or returned such as “non-sufficient funds” or “refer to maker” or returned for any other reason. • Any item on which a stop payment order has been issued or to which there are “non-sufficient funds”. • Cash. • Savings Bonds. Deposits of this nature may result in immediate termination of Mobile Deposit and an immediate reversal of the transaction or credit to your account. A reversal means the amount of the item(s) deposited will be removed from your account and will reduce your account balance. The reversal may also result in a negative balance in your account and applicable fees may be applied.

Unacceptable Items for Deposit. You understand and agree that you will not deposit the following items using Mobile Deposit: •  Any item previously negotiated or “cashed” at another financial institution or other Levo CU SFFCU location or deposit channel causing the same drawer’s account to be debited twice. •  Any third party check, i.e., any item that is made payable to another party and then endorsed to you by said party. •  Any item drawn on the same account that you are depositing to. •  Any item that contains evidence of alteration to the information on the check, or which you know or suspect is fraudulent or otherwise not authorized by the owner of the account. •  Any item that is “non-negotiable” (whether stamped in print or as a watermark). •  Any check previously converted to a “substitute check,” as defined in Regulation CC. •  Any item issued to you by a financial institution in a foreign country or not payable in U.S. currency. •  Any item that is “stale dated” more than six (6) months prior to deposit. •  Any item that is “postdated” after the date of deposit. •  Any item that is incomplete. •  Any item that has been re-deposited or returned such as “non-sufficient funds” or “refer to maker” or returned for any other reason. •  Any item on which a stop payment order has been issued or to which there are “non-sufficient funds”. •  Cash. •  Savings Bonds. Deposits of this nature may result in immediate termination of Mobile Deposit and an immediate reversal of the transaction or credit to your account. A reversal means the amount of the item(s) deposited will be removed from your account and will reduce your account balance. The reversal may also result in a negative balance in your account and applicable fees may be applied.