Internet Banking
Login to your account:
Personal Internet Banking
Business Cash Management
CARDCASH
Positive Pay
Request Enrollment:
Personal Internet Banking
Business Cash Management
Positive Pay
Merchant Remote Deposit
 

Substitute Checks & Your Rights

What is a substitute check?

To make check processing faster, federal law permits banks to replace original checks with “substitute checks.” These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: “This is a legal copy of your check. You can use it in the same way you would use the original check.” You may use a substitute check as proof of payment just like the original check.

What are my rights regarding substitute checks?

In certain cases, federal law provides a special procedure that allows you to request a refund for losses you suffer if a substitute check is posted to your account (for example, if you think that we withdrew the wrong amount from your account or that we withdrew money from your account more than once for the same check). The losses you may attempt to recover under this procedure may include the amount that was withdrawn from your account and fees that were charged as a result of the withdrawal (for example, returned check fees). The amount of your refund under this procedure is limited to the amount of your loss or the amount of the substitute check, whichever is less. You also are entitled to interest on the amount of your refund if your account in an interest-bearing account. If your loss exceeds the amount of the substitute check, you may be able to recover additional amounts under other law. If you use this procedures, you may receive up to $2,500 of your refund (plus interest if your account earns interest) within 10 business days after we received your claim and the remainder of your refund (plus interest if your account earns interest) not later than 45 calendar days after we received your claim. We may reverse the refund (including any interest on the refund) if we later are able to demonstrate that the substitute check was correctly posted to your account.

How do I make a claim for a refund?

If you believe that you have suffered a loss relating to a substitute check that you received and that was posted to your account, please contact our Customer Service Department by mail or phone:

Bank of Agriculture & Commerce

Customer Service Department

P.O. Box 1140

Stockton, California 95202

(877)226-5820

You must contact us within 40 calendar days of the date that we mailed (or otherwise delivered by a means to which you agreed) the substitute in question or the account statement showing that the substitute check was posted to your account, whichever is later. We will extend this time period if you were not able to make a timely claim because of extraordinary circumstances. Your claim must include:

􀀵 A description of why you have suffered a loss (for example, you think the amount withdrawn was incorrect);

􀀵 An estimate of the amount of your loss;

􀀵 An explanation of why the substitute check you received is insufficient to confirm that you suffered a loss, and

􀀵 A copy of the substitute check (and/or) the following information to help us identify the substitute checks: the check number,the name of the person to whom you wrote the check, the amount of the check.

 

 
 

 
 
 

Home | About Us | Internet Banking | Personal Banking | Business Banking| Resource Center | Contact Us | Sitemap

Member FDIC

Member FDIC

Internet service is available only to those who are at least 13 years old.

Copyright © 2014 ECC Bank, all rights reserved.
Site by: Wisdom Matrix

 

Equal Housing Lender
Equal Housing Lender