Explain wholesale fund transfers and discuss how they operate.


Bank Deposits, Collections, and Funds Transfers

Identify and explain the various stages of and parties
to the collection of a check.
Identify and explain the duties of collecting banks.
Explain the relationship between a payor bank and its
customers.
Define a consumer electronic funds transfer, identify the
various types of electronic funds transfers, and outline the
major provisions of the Electronic Funds Transfer Act.
Explain wholesale fund transfers and discuss how
they operate.