You authorize us to accept Items for deposit to your Deposit Account if they are made payable to you. You also authorize us to deposit to your account wire transfers and other forms of credit (such as direct deposits or other automated clearinghouse entries) received for your benefit.

Please do not send cash deposits. In the event that cash deposits are received by Bank of Internet USA, you agree that Bank of Internet USA's determination of the amount of the deposit will be conclusive. The Bank is not liable for any deposits, including cash, lost in the mail.

You authorize us to supply any missing endorsements if Items are made payable to you or your order and you have not endorsed them. You warrant that all endorsements on Items deposited to your account are genuine. And endorsements must be placed only in the area so designated on the back of an Item.

In receiving deposits, we act only as your collecting agent and assume no responsibility beyond the exercise of ordinary care. All deposits are posted to your designated Deposit Account conditionally, and only if the Item is payable in U.S. dollars, subject to our receipt of final payment. If final payment is not received on any Item you deposited to your account or that we cashed for you, or if any direct deposit, automated clearinghouse deposit or electronic fund transfer to your account is dishonored by the issuing financial institution for any reason, you agree to pay us the amount of the dishonored deposited funds, and you authorize us to debit any Deposit Account with us of which you are an owner, without prior notice and at any time, for the amount of the returned Item or other deposit. You also authorize us to debit your account for the amount of our returned item fee, any interest paid on the deposit, and any other fee we pay or loss we incur. We may also use any other legal remedy to recover the amount you owe us. We are not responsible for any transactions, including any transactions sent through the mail, until we actually receive and post the transaction to your account. We are not liable for the default or negligence of our duly selected agents or correspondents, nor for losses in transit.