Notification made by federal wire to a payee bank of a check's status as paid or non-paid by the bank that bank that receives the check. This instant notification enables the payee bank to account for large money transfers in a timely manner.
Related information about wire fate item:
- Wire Fate Item Definition | Investopedia
An archaic term that refers to a request made by a bank when it sends a check or draft for encashment to a bank in a different jurisdiction, for prompt advice or ...
- Wire Fate Item: Definition from Answers.com
Wire Fate Item Checks, notes, or drafts sent to an out-of-town bank with instructions to notify by wire, usually Federal Wire , as to whether they were.
- What is wire fate item? definition and meaning
Definition of wire fate item: Notification made by federal wire to a payee bank of a check's status as paid or non-paid by the bank that bank that receives the ...
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- cash items Definition | Business Dictionaries from AllBusiness.com
See also wire fate item . delinquent or past due obligation turned over to a debt collection agency. Referring Terms: bank of first deposit. Copyright c 2006, 2000, ...
- bank of first deposit Definition | Business Dictionaries from ...
Also called noncash item. See also wire fate item . delinquent or past due obligation turned over to a debt collection agency. Dictionary of Banking Terms ...