First Community Bank agrees to accept a check by setting aside suffi?cient funds to cover the amount.This check is considered
A)cashed.
B)certified.
C)deposited.
D)provisionally credited.

Question

Quizplus · Accepted Answer

When a bank agrees to accept a check by setting aside sufficient funds to cover the amount, it is called certifying the check. This means that the bank guarantees the amount of the check and that it will be honored when presented for payment. This is different from cashing a check, which involves giving the recipient the full amount of the check in cash, or depositing a check, which involves adding the funds to the recipient's account. Provisional credit refers to the temporary credit given to an account before a check has been fully processed and cleared.

First Community Bank Agrees to Accept a Check by Setting