Who intiates the check payment proces by writig a check on his or her account at a bank?

1 ⤊

a. Peyee
b. drawee
c. depositary bank
d. drawer

2006-07-25 12:08:36 · 5 answers · asked by Nice girl 3 in Business & Finance ➔ Credit

b. process begins when they deposit it or cash it

2006-07-25 12:11:47 · answer #1 · answered by Anonymous · 1⤊ 0⤋

The drawee is the only one who can sign a cheque for a withdrawl from the account.

2006-07-25 19:12:27 · answer #2 · answered by Kenneth H 5 · 0⤊ 0⤋

Maker.

2006-07-25 19:43:58 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋

WHEN U WRITE A CHECK, IT GOES TO THE BANK AND THEN THE BANK ENCODES IT AND SENDS IT TO THE FEDERAL RESERVE TO CLEAR.

2006-07-25 19:12:32 · answer #4 · answered by KISH KISH 2 · 0⤊ 0⤋

Question invalidated by poor spelling of answers!!!

Ding!

2006-07-25 19:12:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋