If First Bank receives a check for collection on Friday at 4:30 p.m., it does not have to present the check to the payor bank by midnight Saturday.

Name: If First Bank receives a check for collection on Friday at 4:30 p.m., it does not have to present the check to the payor bank by midnight Saturday.
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The Uniform Commercial Code (UCC) allows banks to process checks received after a certain cutoff time on the next business day, so the bank would have until the next business day to present the check.

If First Bank Receives a Check for Collection on Friday