Teller Checks

1
Teller Checks
Check has cleared
Drawn on
Bank A
A1C
Funds to cover check
Company B

• Bank A issues a Teller Check drawn on another
  company A1C
• Bank A sends funds to the other company to cover
  the check
• If Company B is a depository Due From B1
• If a nonbank then no FR 2900 deduction
• Company B tells Bank A the check has cleared
  Remove from FR 2900 A1C