Additions for collections and for interest. Banks sometimes act as collection agents for their depositors by collecting notes and other items. Bank can also receive electronic funds transfers to the depositor is account. When a bank collects an item, it added to the depositor is account, less any service fee. The bank also sends a credit memorandum to notify the depositor of the transaction. When the memorandum is received, the depositor should record statement also includes a credit for any interest earned.