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How A Check Is Processed

Part one of term paper
Checks are written everyday at almost every place of business. At age 18 anyone with the adequate amount of money can open a checking account of their own. One aspect of checking account functions that many account owners are not familiar with is the processing of their checks after they have been written. When grocery shopping at a place s ...

Part two of term paper
... is started. This process begins when the check is handed over to the cashier. Once all information has been properly placed on the check the cashier then will normally ask for two things, a home phone number and a drivers license number. Once all of the necessary information has been placed on the check by both the cashier and the customer the check is scanned in the automatic check reader. This check reader recognizes the customers account number, A.B.A. number (or routing number), as well as ...

Word count: 707 | Approximate pages: 3

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