Depository transfer check

Depository transfer check (DTC)

Check made out directly by a local bank to a particular firm or person.

Depository Transfer Check

A check made by a bank to a company. A depository transfer check is useful when a company collects revenue at multiple locations in a given day. For example, if a company has several branches in the same city, the company's bank may collect funds from all locations, amass them in a single location, and then issue the depository transfer check to the company. The company may then deposit the check at that bank or at another one. A depository transfer check physically appears like an ordinary check, with the only difference being that it states "depository transfer check" on it.

单词	depository transfer check
释义	EncyclopediaSeeDTC Depository transfer check Depository transfer check (DTC) Check made out directly by a local bank to a particular firm or person. Depository Transfer Check A check made by a bank to a company. A depository transfer check is useful when a company collects revenue at multiple locations in a given day. For example, if a company has several branches in the same city, the company's bank may collect funds from all locations, amass them in a single location, and then issue the depository transfer check to the company. The company may then deposit the check at that bank or at another one. A depository transfer check physically appears like an ordinary check, with the only difference being that it states "depository transfer check" on it. AcronymsSeedesktop conferencing
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