What is a bank draft? What is a bank draft?

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A bank draft is a bill issued by the remitter to deposit the money with the local issuing bank, and paid to the payee or bearer according to the actual settlement amount at the sight of the bill.

The act of signing a bill of exchange with a promise to pay when it is due. The specific way to do this is to write on the front of the bill of exchange"Accepted before the stuffy pie"words, indicating the date of acceptance, and return to the bearer after signing and sealing. Once the payer accepts the bill of exchange, the acceptor will become the acceptor and assume the legal responsibility for payment when the bill of exchange is due.

Extended Information: There are three ways to specify the payee when issuing a ticket:

1. Restrictive Payee, this kind of bill of exchange is usually marked with "Pay ABC Only" or"pay abc , not negotiable"。Such bills of exchange are not negotiable and transferable.

2. Indicative letterhead (to order) bills are often marked"pay abcco．ltd．ororder"or"paytotheorderofabcco．ltd．"。Such bills of exchange can be transferred to third parties by endorsement.

3. The bearer or the person who comes to the head (tobearer) is often marked with "paytobearer" or"paytoabcco．ltd．orbearer"。This bill of exchange is transferable without the endorsement of the bearer.

What is a bank draft? A bank draft is a bill issued by an enterprise or individual to a bank to hold a transfer settlement or cash withdrawal. Bank draft is a traditional instrument settlement tool, which was discontinued in China in the 50s.

In order to meet the different needs of a variety of economic components, a variety of circulation channels and a variety of transaction methods since the reform and opening up, after 1984, the settlement of bank drafts was promoted throughout the country. Bank drafts are one of the most widely used instrument settlement tools, and in 1999 the use of bank drafts accounted for 40% of the volume of non-local settlement business. The bank draft of the family has the characteristics of being convenient and flexible, and has strong cashability, and can be used by enterprises and institutions, individual economic households and individuals to pay all kinds of money to other places.

The ticket arrives with the person, which is conducive to the urgent need of units and individuals and timely procurement; Convenient and flexible, the bearer can not only transfer the bill of exchange to the sales unit, but also through the bank for installment payment or transfer; Strong cashability, the issuing bank system filial piety in the remote ** payment bank to the holder of the bill of exchange prompted must see the bill of exchange, which is conducive to the slag to ensure that the bill of exchange is paid. Therefore, bank drafts are welcomed by the majority of enterprises and institutions, individual economic households and individuals, and their use is wide, the amount of use is large, and it has played a positive role in facilitating the procurement of different places. Grid Research Counseling provides guidance on the enrollment and registration of Master of Finance, enrollment brochures, online registration, online Q&A, faculty allocation, curriculum setting, fee standards, and catalog inquiries of various majors.

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Legal analysis: A bank draft refers to a bill issued by the issuing bank and unconditionally paid to the payee or bearer according to the actual settlement amount at the sight of the bill. The issuing bank of the bank draft is the bank approved by the People's Bank of China to issue the bank draft.

It is mostly used for remote transfer settlement and cash withdrawal, and it is unconditionally paid to the payee or bearer according to the actual settlement amount when it sees the bill. Bank drafts have the characteristics of flexible use, ticket arrival, and strong cashability, and are suitable for commodity transactions such as collection and delivery after payment or clear money and goods.

Legal basis: Regulations on the Administration of Housing Provident Fund

Article 3 The housing provident fund paid by the individual employee and the housing provident fund paid by the employee's unit for the employee belong to the individual employee.

Article 4 The management of the housing provident fund shall be governed by the principles of decision-making by the housing provident fund management committee, the operation of the housing provident fund management center, the storage of special bank accounts, and financial supervision.

A bank draft refers to a bill issued by the issuing bank and unconditionally paid to the payee or bearer according to the actual settlement amount at the sight of the draw. 1. The issuing bank of the bank draft shall be the bank approved by the Chinese Butuan Selling Bank to handle the bank draft. It is mostly used for remote transfer settlement and cash withdrawal.

2. When the bank receives the bank draft, it shall unconditionally pay the money to the payee according to the actual settlement amount. 3. The prompt payment period of the bank draft is 1 month from the date of issuance, and the holder exceeds the payment deadline to prompt payment, ** the payer will not be accepted.

Article 53 of the payment and settlement measures is issued by the issuing bank, which is unconditionally paid to the payee or bearer according to the actual settlement amount at the sight of the bill. The issuing bank of the bank draft or town draft is the payer of the bank draft.

A bank draft is an instrument issued by the drawer and unconditionally paid to the payee or bearer by the entrusted payer (bank) at the sight of the bill or on a specified date. And bills of exchange can be divided into bank drafts and commercial drafts.

[Legal basis].Article 38 of the Negotiable Instruments Law of the People's Republic of China.

Acceptance refers to the bill of exchange payer's commitment to pay the amount of the bill of exchange on the maturity date of the bill.

Article 39.

For bills of exchange that are paid on a fixed date or paid regularly after the issuance of the bill, the bearer shall prompt the payer for acceptance before the maturity date of the bill.

Prompt acceptance refers to the act of the bearer showing the bill of exchange to the payer and asking the payer to promise to pay.

Article 19. A bill of exchange is an instrument issued by the drawer, and the payer is entrusted to pay a certain amount to the payee or bearer unconditionally at the sight of the bill or on a specified date.

Bills of exchange are divided into bank drafts and commercial drafts.