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Deposit24 Branch Capture | How it Works | FAQ | Equipment Options | Legal Requirements | Why Branch Capture?
Substitute Check Agreement Requirements
Substitute Check Legal Equivalence Requirements
Required Endorsements
Substitute Check Agreement Requirements
A substitute check shall be the legal equivalent of the original check for all purposes, provided that it:
- Accurately represents all of the information on the front and back of the original check at the time the original check was truncated.
- Bears the legend: “This is a legal copy of your check. You can use it the same way you would use the original check.”
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Substitute Check Legal Equivalence Requirements
A substitute check shall be the legal equivalent of the original check for all purposes, provided that it:
- Accurately represents all of the information on the front and back of the original check at the time the original check was truncated.
- Bears the legend: "This is a legal copy of your check. You can use it the same way you would use the original check."
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Required Endorsements
The reconverting bank shall ensure that the substitute check, whether for forward collection or return, bears all endorsements applied by previous processing parties, regardless of form:
- Electronic
- Original check
- Substitute check
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The reconverting bank shall ensure that the substitute check, whether for forward collection or return, bears all endorsements applied by previous processing parties, regardless of form:
- Electronic
- Original check
- Substitute check
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