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A banker who collects a cheque for and on behalf of his customer is ______.

  • A banker who collects a cheque for and on behalf of his customer is a Collecting banker.
  •  When a customer deposits a cheque into their account at a different bank, the customer's bank acts as the collecting banker.
  • The collecting banker's primary responsibility is to present the cheque for payment to the bank on which it is drawn.
  • The collecting banker must ensure that the cheque is not dishonored and that the proceeds are credited to the customer's account promptly.
  • The collecting banker is also responsible for verifying the authenticity of the cheque and ensuring that it has not been altered or tampered with in any way.
  • If the collecting banker finds any irregularities in the cheque, they may refuse to accept it and return it to the customer.