Payable through or payable at bank -- Collecting bank.

Checkout our iOS App for a better way to browser and research.


  • (1) If an item states that it is "payable through" a bank identified in the item:
    • (a) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
    • (b) the item may be presented for payment only by or through the bank.
  • (2) If an item states that it is "payable at" a bank identified in the item:
    • (a) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
    • (b) the item may be presented for payment only by or through the bank.
  • (3) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a codrawee or a collecting bank, the bank is a collecting bank.




Download our app to see the most-to-date content.