What is a bank deposit and cash check?

A banker's acceptance bill is a type of commercial bill. It refers to the instrument issued by the depositor who has opened a deposit account in the acceptance bank, applies to the opening bank and is reviewed and accepted by the bank, and guarantees to unconditionally pay the determined amount to the payee or bearer on the specified date.

The acceptance of the commercial draft issued by the drawer is the credit support given by the bank based on the recognition of the drawer's credit. Banker's acceptance bills are sold at a discount. The main investors in banker's acceptances are money market commons** and municipal entities.

Its characteristics are: good credit, strong acceptance, high flexibility, and effectively save capital costs. The use of bank acceptance bills to finance commercial transactions is called acceptance financing.

Is it a banker's acceptance?

The so-called acceptance, simply put, is a promise to pay, which is an act in which the payer signs and seals the bill of exchange to promise to assume the payment obligation when the bill of exchange expires. Acceptance only occurs in the relevant activities of usance bills.

Money stamps refer to all banknotes that represent coins since the Song Dynasty, such as Jiaozi, Huizi, Jiao Banknotes, etc. In a narrow sense, it refers to the paper money that was first produced in the folk currency since the beginning of the Qing Dynasty. The name of the money ticket began at this time.

The issuing agencies include money shops, silver numbers, ticket numbers, pawnshops, official bank money numbers (or bureaus), banks, shops, etc. The money ticket represents the money bill, the Beijing money ticket represents the Beijing money, and the copper dollar ticket represents the copper dollar.

In China's **, there are two types of acceptance bills: bank acceptance bills and commercial acceptance bills. Both of these bills of exchange are related to post-mortem payments.

Related Notes:

Banker's Acceptance: The bill of exchange here is the traditional order issued by the creditor to demand payment from the debtor. When this kind of bill of exchange is promised by the bank to pay, it becomes a bank acceptance bill, and the bank acceptance bill is a short-term financing tool, with a term of 30 days to 180 days, and 90 days is the most common.

Commercial acceptance bill: The commercial acceptance bill is issued by the drawer, and the entrusted payer unconditionally pays the determined amount to the payee or bearer on the specified date, and the bill accepted by the payer other than the bank is the commercial acceptance bill.

Acceptance refers to the record that the bearer requires the payer to make payment due on the bill of exchange before it expires. A system unique to bills of exchange. The payer usually signs the front of the bill of exchange.

The relationship between the invoicer and the payer is one of entrustment, and the invoicer issuing the invoice does not mean that the payer must pay. In order to make the bill of exchange due for payment, the drawer must present the bill of exchange to the payer for acceptance. Only when the payer signs the acceptance, he is legally liable for the payment of the bill.

Before the payer accepts, the main debtor of the bill of exchange is the invoicer, after acceptance, the payer becomes the main debtor, the invoicer and other endorsers are from the debtor, and the acceptance must be the drawer actually presents the bill, which is called a reminder. Bills of exchange payable at sight do not need to be prompted for acceptance. Bills of exchange for regular payment after seeing the bills should be accepted by prompts.

Commercial bills of exchange do not belong to other monetary funds. Other monetary funds refer to various monetary funds other than cash and bank deposits. Including foreign deposits, bank draft deposits, cashier's check deposits, credit card deposits, letter of credit margin deposits and investment deposits.

The commercial acceptance bill is not deposited in the bank, but is only a contract in which the enterprise and the customer agree to pay on a certain day in the future, and does not belong to the accounting of other monetary funds.

Extended information: 1. Commercial acceptance bill is a kind of commercial bill. It refers to a bill of exchange issued by the payee that is accepted by the payer, or issued and accepted by the payer.

The unit using the bill of exchange must be a legal person who has opened an account in a commercial bank, and it must be based on legal commodity transactions, and after the bill of exchange is accepted, the acceptor (that is, the payer) has the responsibility to pay the bill unconditionally when due, and the bill of exchange can be discounted to the bank or can be circulated and transferred. In commodity transactions, when the seller asks the buyer for a bill of exchange, the payer must sign the word "acceptance" on the front of the bill of exchange and affix the bank's reserved seal. Before the bill of exchange expires, the payer shall pay the full amount to the opening bank.

After the bill of exchange matures, the bank voucher is transferred from the account of the payment unit to the payee or the discounting bank. If the payer's account is insufficient to pay when the bill of exchange expires, the opening bank will return the bill to the payee, and the receiver and payer will solve it by themselves. At the same time, the payer shall be fined 1% of the face value in accordance with the provisions of the bad cheque.

2. The guarantee of commercial acceptance bills refers to the credit behavior of giving a guarantee amount to enterprises that meet the conditions of the bank and promise to discount the commercial acceptance bills issued or held by them in the form of letters. According to the definition, it can be seen that the guarantee of commercial acceptance bill is a credit line issued by a bank to an enterprise, which can be recycled within the limit. The enterprise applying for the guarantee quota can be the acceptor of the bill, the holder of the bill or the applicant for discounting.

After obtaining the bank guarantee line to obtain credit, the credit bearer can issue a bank guarantee letter after issuing or holding the commercial acceptance bill, which is guaranteed to be discounted by the bank, and when the holder submits the bill to the bank for discounting, the bank will deduct the interest and finance the funds to it.

Bank acceptance is a commitment made by the bank to the applicant for acceptance to guarantee the payment of the bill to the bearer on the maturity date of the bill. The commercial draft promised by the bank is the bank acceptance draft.

The acceptance method is: the acceptance of the applicant with the bill and the purchase and sale contract to the bank to apply, after the examination, the bank after the examination, if agreed, that is, with the applicant to sign the acceptance contract, and on the bill of exchange. The accepting bank charges a handling fee to the applicant according to a certain percentage of the face value.

Commercial bills are divided into commercial acceptance bills and bank acceptance bills.

When the drawer or bearer of the bank acceptance bill reminds the bank of acceptance, the credit department of the bank is responsible for carefully examining the qualifications, credit, purchase and sale contract and the contents of the bill of exchange recorded in the bank acceptance bill in accordance with the relevant provisions and approval procedures, and if necessary, the drawer may provide a guarantee. In accordance with the provisions and acceptance conditions, sign an acceptance agreement with the drawer.

The items that must be recorded on the face of the bank acceptance draft include the words "bank acceptance draft", the entrustment of unconditional payment, the determined amount, the name of the paying bank, the name of the payee, the date of issuance, and the signature and seal of the drawer. If one of them is missing, the banker's acceptance draft is invalid.

There is no bank deposit, and it is generally said that it is bank acceptance. Bank acceptance is generally the guarantee made by the bank to the applicant for acceptance, guaranteeing that the account will be paid to the bearer on the maturity date of the bill. A commercial draft committed by a bank, even if a banker's acceptance draft.

The acceptance applicant holds the bill and the product purchase and sale contract to the bank where it opens a clear application, and the bank will sign the acceptance contract with the applicant after verification, if permitted, and sign the bill. The accepting bank shall deduct the service fee from the applicant according to a certain proportion of the amount on the bill. The proportion of China's acceptance service fee is 1% of the slag coarse reed, and each order less than 5 yuan will be charged at 5 yuan.

Once the bill of exchange is accepted, the applicant must deposit the full amount of the account with his bank before the maturity of the bill. The matters that must be described on the bank acceptance draft are explained with the words "bank acceptance draft", the commission for payment without reason, the clear amount, the name of the paying bank, the name of the payee, the date of collection, and the signature of the drawer. In the absence of one of them, the banker's acceptance bill becomes invalid.