Cryptocurrency Q&A
What is COB in banks?
What is COB in banks?
CherryBlossomFall
Wed Nov 13 2024
|
5 answers
1112
I recently encountered the term 'COB' in a banking context and was not sure what it meant. I'm curious to know the definition and significance of COB in the banking industry.
5 answers
DigitalTreasureHunter
Fri Nov 15 2024
COB represents "Close of Business," which signifies the completion of transactional processes by the end of the banking day.
Was this helpful?
161
29
BlockchainBaronGuard
Fri Nov 15 2024
The term "CLG CHQ COB" serves as an indication related to cheque transactions. It specifically pertains to the status of a cheque you have issued.
Was this helpful?
82
23
SeoulStyle
Fri Nov 15 2024
When you encounter "CLG CHQ COB," it means that the cheque you issued has undergone the necessary processing.
Was this helpful?
360
67
Valentino
Fri Nov 15 2024
This processing includes the clearing of the cheque, which ensures that the funds are valid and available for transfer.
Was this helpful?
288
56
CherryBlossom
Thu Nov 14 2024
Furthermore, "CLG CHQ COB" signifies that the amount mentioned on the cheque has been deducted from your account. This deduction occurs at the close of business on the day the cheque was processed.
Was this helpful?
221
69
