EPCOR is breaking down our
classic 101 courses into mirco-courses that will only take 15-20 minutes to
complete. This first micro-course in the check series is intended to introduce
the learner to the Check Network. Participants will learn how to identify the
parts and parties to a check, review the two basic types of checks and go over
the key participants and process flow of a check transaction as it moves
through the Check Network. The difference between "Clearing" and
"Presentment" and "Gross" vs "Net" settlement
within the Check Network will also be covered. After completing the course,
participants will be able to identify what is required to be on a check in
order to make it a negotiable instrument.
Checks 101: Basics & Transaction Flow
2 Course items