§ 4–105

“Bank” means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company;

“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;

“Payor bank” means a bank that is the drawee of a draft;

“Intermediary bank” means a bank to which an item is transferred in course of collection except the depositary or payor bank;

“Collecting bank” means a bank handling an item for collection except the payor bank; and

“Presenting bank” means a bank presenting an item except a payor bank.