Sending required information electronically to another bank

Answered by:

Question:

If we are required to provide to the depositary bank information about a large check we are returning, can we do so electronically?

Answer:

Yes. Even if information required by subpart C (Collection of Checks) must be in writing, it can be provided electronically if the receiving bank agrees to receive it electronically. This is often done because sending the information electronically is faster than providing it in writing.

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Regulation CC: Check Collection webinar.