On-Us Item


DEFINITION of 'On-Us Item'

A check or draft that is presented to the bank where the check writer has the funds on deposit. The check can be cashed or deposited into another account. Of course, the drawing account must have a sufficient balance to pay the check.


On-us items can also be electronic debits or transfers. As with checks, electronic on-us items refer to the drawing and paying accounts at the same bank. The on-us checks are also referred to as "house checks."

  1. Transit Item

    Any check or draft that is issued by an institution other than ...
  2. Missent Item

    Quite simply, a check written by a bank customer that is not ...
  3. Bounced Check

    A slang word for a check that cannot be processed because the ...
  4. Rubber Check

    Another name for a "bounced check." A rubber check is a slang ...
  5. Bank

    A financial institution licensed as a receiver of deposits. There ...
  6. Check

    A written, dated and signed instrument that contains an unconditional ...
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