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Washington Notice of Dishonored Check Civil Keywords Bad Check, Bounced Check Form

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Washington Notice of Dishonored Check Civil Keywords Bad Check, Bounced Check Form

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[Music] welcome to our final video this will show you my whole life cycle from deposit to my final destination let's go you've endorsed your check and presented it to your credit union now what if you were paying attention to our last video you'll remember the term bank of first deposit or bofd this is the credit union that you deposited your cheque with this is where it all begins your credit union then captures the check image and sends it to your credit union's check payments processor the electronic file is then sent to the federal reserve a processor verifies and confirms that the dollar total received is the same dollar total that was sent to the federal reserve this processor also confirms that the file was received by the federal reserve the federal reserve then credits the financial institution where the check was deposited and debits the payer's financial institution if there are no issues that completes the process if there are no issu

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