Question 170. - Two branches of the same bank use different endorsement stamps for cash items, collections, etc. One reads "Pay to the order of any bank or banker," and the other reads "Remitted for collection on account of...... bank." Does it make any difference which of these forms is used. If so, which is the better?

Answer. - The endorsement stamp with the words "Pay to the order of any bank or banker," is preferable, and is the one more generally used in practice.