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ELEN [110]
3 years ago
5

What is a third party check? (bank type of check)

Business
2 answers:
Scrat [10]3 years ago
5 0
Third-party check. check negotiated through a bank, except one payable to the writer of the check, that is, a check written for cash. The primary party to a transaction is the bank on which a check is drawn. The secondary party is the drawer of the check against funds on deposit in the bank.
natka813 [3]3 years ago
5 0

The third party is the payee who endorses the check.

A check negotiated to the bank, except one payable to the writer of the check, there is, a check written check.
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