Direct presentment

nouncandidate·updated May 9, 2026

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Depositary banks can present checks directly to the paying institution. The paying institution may be the depositary bank (no settlement is needed), or, if not, may settle on the books of the Federal Reserve, using the Federal Reserve's national settlement service.

MWE

Classifications

per-axis with provenance

Entity Type

Process72%llm-generatedllm:claude-haiku-4-5

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Sensitivity

Regulated85%llm-generatedllm:claude-haiku-4-5

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Information Class

unclassified

Variants

3 surface forms

plural: Direct presentments
possessive: Direct presentment's
pluralpossessive: Direct presentments'

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