When a check is deposited in the payee's own account in a depository bank,any settlement given by the depository bank is provisional until the next banking day at midnight.

Question

Quizplus · Accepted Answer

Settlement given by the depository bank is provisional until the paying bank has paid the check or until the check has been otherwise finally settled. This does not necessarily align with the next banking day at midnight.

When a Check Is Deposited in the Payee's Own Account