If a depositor in Mountain Bank takes a check written on Valley Bank to Mountain Bank to deposit,it will normally be credited to the depositor's account at the time of the transaction.This is called a "provisional" credit.

Question

Quizplus · Accepted Answer

This statement is true. When a depositor takes a check written on another bank to their own bank to deposit, the bank will credit the depositor's account with a provisional credit. This means that the funds are not yet fully cleared and the bank may later adjust the account balance if the check bounces or is returned unpaid.

If a Depositor in Mountain Bank Takes a Check Written