Obligation of sender to pay receiving bank

(a) This section is subject to Code Sections 11-4A-205 and 11-4A-207. (b) With respect to a payment order issued to the beneficiary’s bank, acceptance of the order by the bank obliges the sender to pay the bank the amount of the order, but payment is not due until the payment date of the order. (c) This subsection is subject to subsection (e) and to Code Section