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Waiver of Banks Liability

This document is a waiver of liability for a bank accepting second endorsed checks deposited into a joint account. It states that the account holders 1) maintain a joint account at a specific bank branch, 2) intend to deposit second endorsed checks without notarization, and 3) hold the bank harmless from any issues arising from accepting or depositing these second endorsed checks. It also authorizes the bank to debit the account without notice for any returned or dishonored second endorsed checks.

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Maureen Encarnacion Malazarte
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620 views1 page

Waiver of Banks Liability

This document is a waiver of liability for a bank accepting second endorsed checks deposited into a joint account. It states that the account holders 1) maintain a joint account at a specific bank branch, 2) intend to deposit second endorsed checks without notarization, and 3) hold the bank harmless from any issues arising from accepting or depositing these second endorsed checks. It also authorizes the bank to debit the account without notice for any returned or dishonored second endorsed checks.

Uploaded by

Maureen Encarnacion Malazarte
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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(Waiver of Bank's Liability for Accepting Second Endorsed Checks)

REPUBLIC OF THE PHILIPPINES)


Province of ____________________) S.S.
City/Municipality of _____________)
x-----------------------x

WAIVER OF LIABILITY

We, spouses_____________ and _____________, both of legal ages, Filipinos and


residents of _____________, Philippines, after being duly sworn to in accordance with law,
hereby depose and say:

1. That we are maintaining a Joint Account with the _____________ Bank,


_____________ Branch, located at _____________, Philippines;

2. That we intend to deposit in our account in the said bank second endorsed
checks which we request the Bank to honor and accept for deposit without
the need of a notarized power of attorney;

3. That, by these presents, we hereby hold the said Bank free and harmless
from any and all liability or cause of action arising from the encashment
or deposit of the above-mentioned second endorsed checks;

4. That we further authorize the said Bank to automatically debit our account
without prior notice should any second endorsed check which may have
already been credited to our account be returned or dishonored and that in
case the balance in our account be insufficient to cover the said returned
or dishonored check, then we shall pay the Bank on demand.

IN WITNESS WHEREOF, we have hereunto set our hands this _____________, at


_____________, Philippines.

AFFIANT AFFIANT

(JURAT)

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