Teller Checks - PowerPoint PPT Presentation

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Teller Checks

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Bank A issues a Teller Check drawn on another company A1C. Bank A ... Company B tells Bank A the check has cleared Remove from FR 2900 A1C. Drawn on ... – PowerPoint PPT presentation

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Tags: check | checks | teller

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Title: Teller Checks


1
Teller Checks
Check has cleared
Drawn on
Bank A
A1C
Funds to cover check
Company B
  • Bank A issues a Teller Check drawn on another
    company A1C
  • Bank A sends funds to the other company to cover
    the check
  • If Company B is a depository Due From B1
  • If a nonbank then no FR 2900 deduction
  • Company B tells Bank A the check has cleared
    Remove from FR 2900 A1C
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