site logo

Paying Notes And Acceptances


Make your notes and accepted drafts payable at the bank where you do

business. Whether it or other banks hold them for collection, they will

be presented to your bank when due.



Pay your notes, etc., on the day they fall due, and early in the day if

convenient, or leave a check for the amount with your bank on the day

before your paper matures. Banks will not pay notes or drafts without

instructions.



Keep a careful record of the days of maturity of all your paper. Banks

usually notify all payers a few days beforehand when their paper

matures, but this is only courtesy on their part and not an obligation.



More

;