Each bank in a collection chain must pass a check on before midnight of the next business day following its receipt.

Name: Each bank in a collection chain must pass a check on before midnight of the next business day following its receipt.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Banks in a collection chain have a deadline of before midnight of the next business day to pass the check on to the next bank in the chain.

Each Bank in a Collection Chain Must Pass a Check