988,309,543 visitors served.
988,309,543 visitors served. |
|
 Dictionary/ thesaurus |  Medical dictionary |  Legal dictionary |  Financial dictionary |  Acronyms |  Idioms |  Encyclopedia |  Wikipedia encyclopedia | ? |
Correspondent bank |
Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
|
Correspondent bank Bank that accepts deposits of, and performs services for, another bank (called a respondent bank); in most cases, the two banks are in different cities. |
|
? Mentioned in | ? References in periodicals archive | |
|---|---|---|
With the exit of the Reserve Banks, depository institution customers of the noncash collection service could instead use a private-sector service provider, such as the Depository Trust Company or a correspondent bank, to collect their definitive municipal bonds and coupons or could present these items for payment directly to the paying agent. dollars to Y, a bank located in Germany, and both X and Y hold accounts at the same correspondent bank in New York, X may order (typically electronically) the New York correspondent bank to transfer funds from its account to that of Y. We are pleased to be able to offer an HSA solution to our correspondent banks that can compete with solutions offered by larger banks," said Dennis Triplett, president of UMB Healthcare Services. |
 |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content NEW! | Linking | Lookup box | Double-click lookup | Partner with us |
|
|---|
Disclaimer |
Privacy policy |
Feedback | Copyright © 2008 Farlex, Inc.
Printer friendly
Cite / link
Email
Feedback
Add definition
Correspondent bank
