“Appointment Form” means an Appointment of Agent and System Administrator form (or similar form approved by Bank) executed by you or on your behalf. If the only appointment of an agent or administrator in effect is pursuant to an agreement superseded by this Access Agreement, then such appointment will remain in effect until superseded by the execution of a new Appointment Form.
This Positive Pay Service Agreement (“Positive Pay Agreement”) governs your use of the Service in association with the Account (defined below). By using the Service, you agree to the terms and conditions of this Positive Pay Agreement and all exhibits, schedules, appendices, addenda and other attachments hereto, which are part of this Positive Pay Agreement. In the event of a conflict between the terms of this Positive Pay Agreement and the terms of the Access Agreement, this Positive Pay Agreement will control to the extent of such conflict. To the extent the Service provided hereunder is considered a “security procedure” for purposes of liability for payment orders under the Uniform Commercial Code as adopted in California, Customer’s use of the Service is deemed part of the Security Procedures set forth in its EFT Agreement with Bank.
You must stamp the original Item “processed” after scanning the Item in accordance with this Remote Deposit Agreement, including the “Items Deposited” section. You must securely store the original Item for a period of 30 days after you have received notice from Bank that the File has been accepted. During the 30 day period, you must take appropriate security measures to ensure that only authorized personnel shall have access to the original Item, that the information contained on the Item shall not be disclosed, and that the original Item will not be duplicated, will not be scanned more than one time, and will not be deposited or negotiated in any form. You must destroy the original Item upon the expiration of the 30 day period. You must use a commercially reasonable method approved by Bank to destroy Checks after the retention period has expired.
Online savings accounts usually come with crazy good interest rates to help you grow your money faster (regular in-person banks can’t offer rates as high). We’re fans of CIT Bank and Discover Bank (among others) because their interest rates are often over 25 times the national average. That means the money in your savings account will grow 25 times faster than the pace it’s most likely growing at now. Really, though, you can’t go wrong with pretty much any online savings account that offers over 1.50% APY 🙂