Clearing Cycle

1

Out of town checks becomes clear after 5 days.

1

BRSTN is located at the:

1

Who is the drawer of the check?

1

I deposited the BPI check I issued amounting to P400,000 to his EWB account. Who is the presenting bank?

1

Drawee bank has to inform the drawer for any returned check

1

Presenting bank has to inform the depositor for any returned check.

1

How many times can we deposit a check?

1

How many months does it take for a check to be considered as stale?

1

When can I deposit the check? (Select all applicable answers)

1

Can Veronica encash the check?

1

Who is the drawee?

1

What is the account number?

1

What is the check number?

1

BPI is the presenting bank

1

Banks can still forward physical checks to PCHC even if it's already 5:45pm, at a cost of P10,000.

1

I issued a check amounting to P143,685,000.00 yesterday. My available balance as of yesterday was only P143,000,000.00. Compute for the RCOCI charges.

The objective of this exam is to measure your understanding on the check/clearing cycle.

Clearing Cycle

Out of town checks becomes clear after 5 days.

BRSTN is located at the:

Who is the drawer of the check?

I deposited the BPI check I issued amounting to P400,000 to his EWB account. Who is the presenting bank?

Drawee bank has to inform the drawer for any returned check

Presenting bank has to inform the depositor for any returned check.

How many times can we deposit a check?

How many months does it take for a check to be considered as stale?

When can I deposit the check? (Select all applicable answers)

Can Veronica encash the check?

Who is the drawee?

What is the account number?

What is the check number?

BPI is the presenting bank

Banks can still forward physical checks to PCHC even if it's already 5:45pm, at a cost of P10,000.

I issued a check amounting to P143,685,000.00 yesterday. My available balance as of yesterday was only P143,000,000.00. Compute for the RCOCI charges.