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 19, 2016 23:34 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? What is the price to send/receive Digital Checks? Who owns the funds in your bank when they are in transit (under the prefund scenario)? Comments 0 comments Please sign in to leave a comment.