Paying Bank Law and Legal Definition
According to 12 USCS § 5002 (3) (C), [Title 12. Banks and Banking; Chapter 50. Check Truncation] 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.”
