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Matt draws a check on PNC Bank, his bank in New York. The check is made payable to Digital Computers, Inc. of San Francisco, CA.
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Matt draws a check on PNC Bank, his bank in New York. The check is made payable to Digital Computers, Inc. of San Francisco, CA. Digital Computers Inc., deposits the check in their account at First National Bank, in San Francisco, CA. First National Bank sends the check to Big Bank in San Francisco for collection. Big Bank in San Francisco sends the check to PNC Bank for collection.
Identify the following:
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Depository Bank
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Intermediary Bank
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Collecting Bank
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Payer Bank
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