Remote Deposit Capture Terms
Last updated: June 21, 2022
Last updated
Last updated: June 21, 2022
Last updated
This Addendum – Remote Deposit Capture Terms - Connected Account (“Addendum”) applies to your use of the Stripe Treasury Remote Deposit Capture Service (as defined below).
When you use the Stripe Treasury Remote Deposit Capture Service, you expressly agree to the terms and conditions of this Addendum, the , and any updates or modifications Stripe or SPC makes to either of the foregoing from time to time. This Addendum supplements the Treasury Terms, which generally governs your use of Stripe Treasury, and is incorporated into this Addendum by reference. To the extent that there is a conflict between the Treasury Terms and this Addendum related to Stripe Treasury Remote Deposit Capture Services, this Addendum will prevail.
Stripe Treasury Remote Deposit Capture Service is a Service through which you may submit images of the front and back of your eligible checks for deposit to your Financial Account through a mobile app provided by your Platform Provider (“Stripe Treasury Remote Deposit Capture Service”). Each check deposit you initiate through the Stripe Treasury Remote Deposit Service is an Activity and a Financial Account Transaction.
a. You will use the mobile app check image capture functionality provided by your Platform Provider to submit checks for deposit to your Financial Account. Availability of the Stripe Treasury Remote Deposit Capture Service may be affected by your mobile carrier’s coverage area.
b. You must only submit for deposit checks that are denominated in U.S. Dollars and drawn on a U.S. bank.
c. Checks must be payable to, and endorsed by, the owner or Authorized User of the Financial Account, as follows: before you take photos of the check, you must endorse the back of the check with “For mobile deposit at Evolve only” written under your signature.
d. You must review and validate the accuracy and completeness of the check data being captured, including the amount of the check and the legibility of the check image generated. You are responsible for any numerical errors on the deposit data entry.
e. The Bank will deposit your check in SPC’s account for clearing and collection and SPC is responsible for crediting check funds to your Financial Account. Funds from your check deposit will generally be available in your Financial Account within 5 Business Days after you submit the deposit to SPC through your Platform Provider.
a. You must not use the Stripe Treasury Remote Deposit Capture Service other than for the purpose for which it is provided and in accordance with all relevant Stripe Treasury Remote Deposit Capture documentation and any requirements set by your Platform Provider.
b. You cannot use the Stripe Treasury Remote Deposit Capture Services to deposit U.S. savings bonds, U.S. postal money orders, remotely created checks (whether in paper form or electronically created), electronically created items (items created electronically and not derived from a paper check), convenience checks (checks drawn against a line of credit), traveler’s checks or cash.
c. You must not duplicate, negotiate or deposit the same original paper checks and you must not deposit checks that are illegible or contain MICR data that is not machine-readable.
The following will survive termination of this Addendum:
(i) provisions that by their nature are intended to survive termination; and
(ii) provisions that allocate risk, or limit or exclude a party’s liability, to the extent necessary to ensure that a party’s potential liability for acts and omissions that occur during the Term remains unchanged after the Addendum terminates.
In addition to indemnification obligations under the and the , you agree to defend, indemnify, and hold harmless Stripe, SPC, their vendors for remote check deposit services and their respective employees and agents from and against any claim, suit, demand, loss, liability, damage, action, or proceeding arising out of or relating to (a) your breach of any provision of this Addendum or (b) your use of Stripe Treasury Remote Deposit Capture Service in a manner that is illegal or inconsistent with the Stripe Treasury Remote Deposit Capture Service documentation.