Did you mean go to a currency exchange, then go back to the bank and say the phrase. I tried to look the phrase up in my Black's, but nothing came up. Can you tell me what it means, technically? 
Or, to have some real fun go back to the bank and have him say he wants the item 'entered for collection'.
He has to use those words. I'll bet you he meets with a bank officer in five minutes and walks out with his cash inside of ten minutes.
L
Did you mean go to a currency exchange, then go back to the bank and say the phrase. I tried to look the phrase up in my Black's, but nothing came up. Can you tell me what it means, technically?
That won't do a thing to help anyone cash a check.
What it means is the item is sent from bank to bank for special collections.
Typically the person requesting the service pays a $20 or so fee.
Lets say someone wrote you a hot check. You deposited it in your bank and it bounced. After the item has been returned to you, you can place it in collections at YOUR bank.
They will then send it the bank that it is drawn on and as soon as the account has funds available, there is an immediate hold placed thus paying the item and you get your money, which is credited to where the deposit is supposed to go.
Collections is also used for international items.
Say you deposit a check written off the Bank of Thailand and its denominated in Thai Bhat...you typically send those items for collection (and pay the fee) and the bank can swap it out and make it US dollars and collect the money from Thailand.