When the depositary bank is the same bank as the payor bank,the check is referred to as a(n)________ item.
A)on-us
B)joint
C)condensed
D)accelerated
E)due-on-sale

Name: When the depositary bank is the same bank as the payor bank,the check is referred to as a(n)________ item. A)on-us B)joint C)condensed D)accelerated E)due-on-sale
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Sometimes the depositary bank is the same bank as the payor bank.When this is the case,the check is referred to as an "on-us" item.

When the Depositary Bank Is the Same Bank as the Payor