When the payor and payee have accounts at the same bank,the bank will issue a ________ credit to the payee's account,and,if the bank does not dishonor the check,the credit will become an actual payment.

Question

Quizplus · Accepted Answer

A)When Molly deposits Jack's check into her account,the check does not have to
be sent to another bank because she and Jack share the same bank.Instead,the bank gives a "provisional" credit to Molly's account.If the bank does not dishonor the check on the second day,the check is paid [UCC 4-215e)2)].
Finally,on the third day,the provisional credit becomes an actual payment.
B)When Molly deposits Jack's check into her account,the check does not have to be sent to another bank because she and Jack share the same bank.Instead,the bank gives a "provisional" credit to Molly's account.If the bank does not dishonor the check on the second day,the check is paid [UCC 4-215e)2)].Finally,on the third day,the provisional credit becomes an actual payment.
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C)?When Molly deposits Jack's check into her account,the check does not have to be sent to another bank because she and Jack share the same bank.Instead,the bank gives a "provisional" credit to Molly's account.If the bank does not dishonor the check on the second day,the check is paid [UCC 4-215e)2)].Finally,on the third day,the provisional credit becomes an actual payment.
D)When Molly deposits Jack's check into her account,the check does not have to be sent to another bank because she and Jack share the same bank.Instead,the bank gives a "provisional" credit to Molly's account.If the bank does not dishonor the check on the second day,the check is paid [UCC 4-215e)2)].Finally,on the third day,the provisional credit becomes an actual payment.
E)When Molly deposits Jack's check into her account,the check does not have to be sent to another bank because she and Jack share the same bank.Instead,the bank gives a "provisional" credit to Molly's account.If the bank does not dishonor the check on the second day,the check is paid [UCC 4-215e)2)].Finally,on the third day,the provisional credit becomes an actual payment.
Topic: Accepting Deposits

When the Payor and Payee Have Accounts at the Same