What Are The Basic Requirements For Bank Draft Settlement?

(1) settlement and payment of bank draft.

The issuance and settlement of bank draft can only be handled by the people's Bank of China and commercial banks in the banking institutions of the "National Interbank".

Cross system bank issued

The settlement of bank bills should be submitted to the relevant banks of the city for examination and payment after the exchange of bills of exchange through city exchange.

Provinces, autonomous regions, municipalities directly under the central government and p provincial and municipal economic zones shall be handled according to the relevant provisions.

When a bank remittance holder needs to use a bank draft to open a bank draft, he should pfer the money to a bank which can issue bank draft in the vicinity.

(2)

All will be registered.

The so-called name refers to the designation of a particular person in the bill of exchange, and no one else has the right to receive the money; however, if the designated payee pfers the general right to the designated payee by endorsement, the designated payee has the right to receive the payment.

(3) the amount of money drawn on a bank draft is 500 yuan.

The bank will not settle the bank draft for less than 500 yuan.

(4) the payment period for a bank draft is 1 months.

The term of payment mentioned here refers to the period from the date of issue to the date of payment.

The term "one month" mentioned here refers to the month from the date of issue, which is unified to the corresponding month of next month.

For example, if the issue date is March 5th, the payment period will be until April 5th.

If the due date is met, the holiday can be postponed.

The overdue draft will not be processed by the bank.

The parties involved in bank draft settlement include:

(1) drawer.

Bank draft settlement

A bank that issues bills of exchange.

(2) the payee.

The payee refers to the units and individuals who withdraw money from the bank for remittance.

The payee may be the remittor itself, or the person who has dealings with the remittor or the remittor to settle accounts with it.

(3) the drawee.

A drawee is a bank responsible for paying the payee.

If the drawer and the drawee belong to the same bank, if they are all branches of the ICBC, the drawer and the drawee are actually the same person.

If the drawer and the drawee do not belong to the same bank, but the branches of two different banks, the drawer and the payer shall be two.