Banks have specific procedures for handling different types of checks based on established regulations.
Banks are not required to examine each instrument and honor postdated instrument requests unless the hold is placed into the bank's processing system by a custom.
Time drafts, postdated checks, and checks drawn with intent to defraud can have specific implications and are not automatically honored or subject to the same liabilities as regular checks. The banking system operates in a way that allows for flexibility in handling different types of checks based on established procedures and regulations.
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