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Mobile deposits and multiple payments of a check

Answered by: 

Question: 
Which bank takes the loss if a check is deposited more than once by using mobile deposits?
Answer: 

The paying bank may have a choice about which bank it sends the return item to, and there is an indemnity provision that can affect the outcome. We will discuss it in detail during the webinar.

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Learn more about John Burnett’s Regulation CC: Check Collection
webinar.

First published on 01/29/2023

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