Checks

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Checks API Reference

Overview

The Checks API enables you to do execute most common tasks associated with checks in a banking context such as depositing checks and viewing check details and images. COS works with every type of check such as money orders, on-us, certified and Federal Reserve Bank checks. See here for a full list of check types.

Checks are considered as a type of payment in COS. There are two directions - inbound and outbound, as well as two payment types - forward and return. This means:

• A check that is drawn from an external bank that is deposited into a COS account is considered an outbound forward item because the check needs to be sent to the Federal Reserve and presented to the drawee bank (paying bank) for payment.
• A check that is drawn from a COS account and deposited into an account at an external bank is considered an inbound forward item because the Federal Reserve is presenting it to CRB for payment.
• A returned check that is being presented by the Federal Reserve is considered an inbound return. This occurs when a check that is drawn from an external bank is deposited into a COS account and then returned by that external bank.
• When the Fed presents CRB with a check that is drawn from a COS account for payment, and CRB is unable to pay that check, then CRB will return that check with the appropriate return reason code. This is considered an outbound return.