84-4-106 - ksrevisor.gov
84-4-106. Payable through or payable at bank; collecting bank. (a) If an item states that it is "payable through" a bank identified in the item, (1) the item designates the bank as a collecting bank and does …
What is a Bank Draft and How Does It Work?
What is a bank draft? Discover how bank drafts differ from other payment methods. Learn how to make and accept this secure form of payment.
Risks Associated with Money Laundering and Terrorist Financing
View the FFIEC Bank Secrecy Act/Anti-Money Laundering Manual Payable Through Accounts page under the Risks Associated with Money Laundering and Terrorist Financing section.
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Payable-Through-Draft (PTD): What it Means, How it Works "Payable-through-draft (PTD) is a form of bank-mediated payment utilized by business entities. A bank will guarantee a draft on behalf of a ...
Payable Through and Pass-By Accounts | Definitions
Jun 15, 2020 · What Is the Difference Between a Regular Correspondent Bank Account and a “Payable-Through, Pass Through or Pass-By Account?” With a payable-through, pass through or pass-by …
payable+through+draft+from+BankSA | Indian Case Law | Law
May 2, 2013 · Aetna Cas. Sur. Co. v. Fennessey, 37 Mass.App.Ct. 668, 642 N.E.2d 1050, 1052 (1994) ("A ` payable through ' draft must be clearly indicated as such by the word (s) ` through ' or ` payable …
Chapter 7 Checks and Check Collection: A Comparison Between the …
A “draft” is the term used by the UCC to describe a bill of exchange. 4 A “cashier’s check” is the American term for a banker’s draft, 5 and a “teller’s check” means “a draft drawn by a bank (i) on …
What is a Bank Draft? Definition, Examples, and How It Works
Understand bank drafts with this definitive guide. Learn how they work, their benefits, and crucial considerations before using one.
Bank Draft - Overview, How It Works, Advantages, & Disadvantages
A bank draft is a convenient and secure instrument for making large payments without having to withdraw cash from one’s account.
What is a Bank Draft and How it Works? – DANGUARD
Crossing does not affect the negotiability of a cheque, except where the words ‘not negotiable’ are added. A cheque, which is payable in cash across the counter of the bank, is called an open cheque. …