Section 4-105 - "Bank"; "Depositary Bank"; "Payor Bank"; "Intermediary Bank"; "Collecting Bank"; "Presenting Bank"

In this title: (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) '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 course of collection except the depositary or payor bank; (5) 'Collecting bank' means a bank handling an item for collection except the payor bank; and (6) 'Presenting bank' means a bank presenting an item except a payor bank.