Which of the following is not a standard method of transferring funds when using concentration banking?

Question

Quizplus · Accepted Answer

Payable through draft (PTD) is not a standard method of transferring funds when using concentration banking. Depository transfer check, automated clearinghouse electronic transfer, and wire transfer are all common methods used in concentration banking. PTD is typically used for payments between buyers and sellers in commercial transactions, rather than for intercompany transfers in a concentration banking system.

Which of the Following Is Not a Standard Method of Transferring