Settling Funds
Process of Accepting Funds
Forward Collection: The process of collecting and settling funds for checks (demand instruments) from the Bank of First to Deposit to the Paying Bank.
Back to Check Processing Questions
Settling FundsProcess of Accepting FundsForward Collection: The process of collecting and settling funds for checks (demand instruments) from the Bank of First to Deposit to the Paying Bank. Back to Check Processing Questions
|