Checks(Payment And Processing

By: Ismail Avdul-Hakim

Legal Structure

  • State and Federal regulations structure govern the bankin industry.
  • 3 key legislative acts mainly affect the checks processing system.
  • banks provide regular and special printed check forms.


Drawer;Drawee;Payee

Person who writes the checks.

Bank ordered to pay the money.

Person the check is made out of.


Scenario;check process timeline

These checks display a series of numerous printed in magnetic ink that make it possible for computers.


You write a check for $113.72 for this month's cell phone bill.

Person usually take 2-5 days;banks are required to make a depositer's funds available within 5 days.