answersLogoWhite

0


Best Answer

Check Clearing

User Avatar

Mylene Wintheiser

Lvl 10
1y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is it called when banks record which account gives up money and which account receives money when a customer writes a check?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is it called when banks record which account gives up mpney and which account receives money when a customer writes a check?

Check Clearing


The process by which banks record whose account gives up money and whose account receives money?

Check clearing is the process by which banks record whose account gives up money and whose account receives money when a customer writes a check. A bank holding company is a company that owns multiple banks.


What is the process by which banks record whose account gives up money and whose account receives money?

Check clearing is the process that banks utilize to record the account that the money originates from as well as the account the money is received at.


What is a yearly record of events called?

account


What is the record book for a savings account called?

It is called a passbook.


What record book for a saving account?

Its called a passbook


A record book of a saving account is called what?

A Passbook


What is a financial accounting record that is maintained for each patient who receives proffessional services?

It is called a Ledger.


What is record book for a savings account?

A Passbook


When a record has an entry that is unique to it such as a customer number this field is called?

unique identifier


What do you mean by account receviable?

An account receivable is the account used by a company to record money owed to them by a customer or other entity that will be paid in a short period of time, less than a year. For example, a company sales a computer to a customer and the customer is going to pay the company in 30 days, the company records this transaction to accounts receivable and revenue (income).


Record book for a saving account is called what?

A Passbook