Banking Career! (20)

The past is a part of the present; the present is a part of the future; and the future is a part of the past. You see how it is a whole closed circle! 🙂

(20)

(this link as a project for additional special posts that will only apprear for interested participants. You’re welcome to join)

Banking covers money and its related branches.

The last part about the check is that your client might not be aware of all the points that you examine while handling his check. You do not need to explain all of this to him/her unless there is some wrong unacceptable thing in the check.

As it is mentioned in your last post, the MICR line includes the routing and the transit number. The first four numbers has to do with the bank’s type and its Fed Reserve District, which Fed branch will be used, and it also indicates that the isntitution is in the same city as the bank or the branch.

One of these points is the remainder of the routing number represents the specific financial institution within the geographic area, and the last digit validates the authenticity of the routing number. You will find a few numbers of exercises that train you to figure out about the points of negotiability. Try this!

Next is the endorsement of a check.

Until we chat again, think and practice with our hugs and kisses ❤