Meaning of “paying bank” in the English Dictionary


"paying bank" in Business English

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paying banknoun [ C ]

uk us also paying banker

BANKING, FINANCE the bank of the person or company that has written a cheque, that has to pay the amount written on it:

A paying bank is under no obligation to pay a forged cheque even though it is supported by the bank's guarantee card.

(Definition of “paying bank” from the Cambridge Business English Dictionary © Cambridge University Press)