About: BOFD (deleted 14 Mar 2008 at 21:22)   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

BOFD is a banking term meaning "Bank Of First Deposit" that is the first financial institution where a person deposits or cashes a check. If the BOFD is not the same bank on which the check is drawn, the deposited or cashed check or a substitute check is presented by the BOFD to a second bank called the "paying bank".

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  • BOFD (deleted 14 Mar 2008 at 21:22)
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  • BOFD is a banking term meaning "Bank Of First Deposit" that is the first financial institution where a person deposits or cashes a check. If the BOFD is not the same bank on which the check is drawn, the deposited or cashed check or a substitute check is presented by the BOFD to a second bank called the "paying bank".
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abstract
  • BOFD is a banking term meaning "Bank Of First Deposit" that is the first financial institution where a person deposits or cashes a check. If the BOFD is not the same bank on which the check is drawn, the deposited or cashed check or a substitute check is presented by the BOFD to a second bank called the "paying bank".
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