What happens at year-end with 1099 issuances? If your bank as a custodian is paying these checks, will you be filing these 1099s? Benjamin Kha July 26, 2017 17:58 Updated Follow 1099s will be issued by Checkbook, not the Custodial Bank. The Processor is responsible for these documents. Related articles How does the Partner/Reseller Program work? How is the maximum transaction amount limit determined for business accounts? Does the Checkbook App work for Quickbooks Desktop version? Who owns the funds in your bank when they are in transit (under the prefund scenario)? Pricing - Individual and Business Customers Comments 0 comments Please sign in to leave a comment.