paying bank
Defined in 1 place of the United States Code.
The term “paying bank” means—
(i) the bank by which a check is payable, unless the check is payable at or through another bank and is sent to the other bank for payment or collection; or
(ii) the bank at or through which a check is payable and to which the check is sent for payment or collection.
Source
- 2003–present12 U.S.C. § 5002Banks and Banking · Definitions · for purposes of this chapter