1. Chapter 21 A Cashier’s Check Drawee Bank Bank of America VOID AFTER SIX MONTHS MATCH THE AMOUNT IN WORDS WITH THE AMOUNT IN NUMBERS 8006244785 BANK OF AMERICA 100.00 Pay to the Order of ***SHANNON RICHMOND*** Payee CASHIER’S CHECK ISSUED IN US DOLLARS PURCHASER: SHANNON RICHARD VOID OVER $100.00 Authorized Signature Two signatures required. Drawer Bank of America NT&SA Drawer ||8006244785|| |121000358| 13973 84013|| Richard M. Rosenberg

2. Chapter 21 A Certified Check Drawee Certification Acceptor STEPHANIE ROE 10 PARK AVE. ST. PAUL, MN 55123 No. 0008 CERTIFIED THE FIRST NATIONAL BANK OF MY TOWN Jack Jones AUTHORIZED 2206 Pay to the Order of John Doe THE FIRST NATIONAL BANK OF MYTOW 332 MINNESOTA STREET MYTOWN, MINNESOTA 55555 ||94’’’77577|| 0885 $5,000.00 Stephanie Roe Drawer Payee Drawer Five thousand & no/100 Dollars June 8 01 20

3. Chapter 21 A Poorly Filled-Out Check XYZ CORPORATION 10 Industrial Park ST. PAUL, MN 55123 2206 Pay to the Order of John Doe THE FIRST NATIONAL BANK OF MYTOW 332 MINNESOTA STREET MYTOWN, MINNESOTA 55555 ||94’’’77577|| 0885 $100.00 Stephanie Roe One Hundred and no/100 Dollars June 8 01 20

4. Chapter 21 The Collection Process DRAWER Buyer issues check drawn on New York Bank to seller (payee) located in California. DRAWER AND PAYOR BANK New York Bank Debits buyer’s (drawer’s) account for amount of the check Sends canceled check (or copy) to buyer (drawer). PAYEE Seller deposits check in San Francisco Bank (depositary and collecting bank). DEPOSITARY AND COLLECTING BANK San Francisco Bank sends check for collection to Denver Bank (intermediary and collecting bank). INTERMEDIARY AND COLLECTING BANK Denver Bank sends check for collection to New York Bank (drawee and payor bank).

5. Chapter 21 How a Check is Cleared CHECK CITY BANK San Francisco Checking Account Jeanne Sutton FEDERAL RESERVE BANK San Francisco FEDERAL RESERVE BANK Philadelphia FIRST NATIONAL BANK Philadelphia +$20.00 Reserve Account City Bank +$20.00 Reserve Account First National Bank of PA -$20.00 Checking Account Pamela Moy -$20.00

6. Chapter 21 Checks and the Banking System

7. Chapter 21 Checks and the Banking System (Continued)

8. Chapter 21 Checks and the Banking System (Continued)