QUESTION 1 The first stage in the check payment process begins when the identifiable person, bearer, or cash. After the check. The the back of the check is reserved for varn writes a check on his or her account payable to an to accept the writes the check, the next step is for the can transfer the check to another person, convert it to cash, or deposit it to an account. The top one-fourth of and the three principal types are The acoepts the check, which has been endorsed by the payee. rom there it is bundled as or if check images as for presentment to the The receives the checks directly from other banks or through a of the day, transactions are statements in the mail listing the previous month's checking account deposits and debits, the check payments process has come full circle. or At the end to the accounts. When view their statements online or receive their