“Bank”; “collecting bank”; “depository bank”; “intermediary bank”; “payer bank”; “presenting bank”
Wis. Stat. § 404.105
in effectIn this chapter:
(1) “Bank” means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union or trust company.
(2) “Collecting bank” means a bank handling an item for collection except the payer bank.
(3) “Depositary bank” means the first bank to take an item even though it is also the payer bank, unless the item is presented for immediate payment over the counter.
(4) “Intermediary bank” means a bank to which an item is transferred in course of collection except the depositary or payer bank.
(5) “Payer bank” means a bank that is the drawee of a draft.
(6) “Presenting bank” means a bank presenting an item except a payer bank.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/404.105Fetched: 10/7/2026