"Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting bank."
Va. Code Ann. § 8.4-105
in effectIn this title:
(1) "Bank" means a person engaged in the business of banking, including a savings institution, credit union or trust company;
(2) "Depositary bank" means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter;
(3) "Payor bank" means a bank that is the drawee of a draft;
(4) "Intermediary bank" means a bank to which an item is transferred in the course of collection except the depositary or payor bank;
(5) "Collecting bank" means a bank handling an item for collection except the payor bank;
(6) "Presenting bank" means a bank presenting an item except a payor bank.
1964, c. 219; 1992, c. 693; 2010, c. 794 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/8.4-105/Fetched: 10/17/2026