How quickly can a bank receive payment once it transmits a copy of a check to the bank on which the check was drawn?
A)Immediately
B)In one day
C)Between one and two days
D)In two days
E)Between two and three days

Question

Quizplus · Accepted Answer

The bank can receive payment immediately because the copy of the check is a legal document that can be used to withdraw funds from the account on which the check was drawn.

How Quickly Can a Bank Receive Payment Once It Transmits