Except for the collecting bank, each bank in the collection process, including the payer bank, must take proper action on an "on them" check prior to its midnight deadline.

Question

Quizplus · Accepted Answer

Each bank involved in the collection process, except for the collecting bank, has a responsibility to take appropriate action on an "on them" check before its midnight deadline to comply with the Uniform Commercial Code (UCC). This includes the payer bank, which must either pay or dishonor the check by the deadline.

Except for the Collecting Bank, Each Bank in the Collection