Payable Through Or Payable At Bank -- Collecting Bank

(1) If an item states that it is "payable through" a bank identified in the item: (a) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and (b) the item may be presented for payment only by or through the bank. (2) If an item states that it is "payable at" a bank identified in the item, the item is drawn on the bank.