Transit check

A transit check or not on-us check is a negotiable item (check) which is drawn on another bank than that at which it is presented for payment.^[1]

For example, a check drawn on Bank of America, presented for deposit at Wells Fargo Bank, would be considered a transit item by Wells Fargo, while the same item presented for cash or deposit at Bank of America would be an on-us check. Routing numbers, as well as the bank name printed on the check, help to determine an item's classification.

References

See also

• On-us check
• Clearing
• Clearing house
• Routing number

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This page was last edited on 1 March 2022, at 21:18