Examples of Collecting bank in a sentence
Bank, 440 N.W.2d 844 (Iowa 1989) (Collecting bank was on inquiry notice due to ambiguous Indorsements).
Because of the float, every delay means that the Collecting bank is losing spread.
Same as Collecting bank or Receiving bankPayeeThe beneficiary named by the presenting bank (drawer) on the payment itemPayment itemAny approved payment item (instrument) as provided under the Guidelines.
The personnel participating in cash count must sign the minutes and the NPD/PPMU or CIP Leader must also sign the minutes and approve the result.o Collecting bank statements and conducting the reconciliation between the balance on the bank statement and the balance in the Programme accounting records of deposits and withdrawals.
Quality:The Collecting bank is exposed to Operational Risk, failing to process some checks and ACH files in the legal timeframe.