When checks are received in the mail, they should immediately be restrictively endorsed and a daily remittance list should be prepared concurrently.

Question

Quizplus · Accepted Answer

It is important to restrictively endorse checks as soon as they are received to help prevent fraud. Additionally, preparing a daily remittance list concurrently can help ensure that all received checks are properly accounted for and deposited in a timely manner.

When Checks Are Received in the Mail, They Should Immediately