Fla. Stat. 674.1061
Payable through or payable at bank; collecting bank

(1)

If an item states that it is “payable through” a bank identified in the item:The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; andThe item may be presented for payment only by or through the bank.

(a)

The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and

(b)

The item may be presented for payment only by or through the bank.

(2)

If an item states that it is “payable at” a bank identified in the item:The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; andThe item may be presented for payment only by or through the bank.

(a)

The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and

(b)

The item may be presented for payment only by or through the bank.

(3)

If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a codrawee or a collecting bank, the bank is a collecting bank.

Source: Section 674.1061 — Payable through or payable at bank; collecting bank, https://www.­flsenate.­gov/Laws/Statutes/2024/0674.­1061 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 674.1061. Payable through or payable at bank; collecting bank's source at flsenate​.gov