What Are The Characteristics Of Bank Draft And Its Settlement?

A bank draft is a bill issued by a remittance to the local bank, which is issued by a bank to the remittor to handle the pfer settlement or cash withdrawal elsewhere.

The way of bank draft settlement refers to the way of pferring accounts by bank draft.

Compared with other bank settlement methods, bank draft settlement has the following characteristics:

(1) the scope of application is wide.

It is a widely used settlement method in current settlement.

This settlement method applies not only to banks, individuals and individuals who open accounts in banks, but also to individuals and individuals who have not opened accounts in banks.

Every unit, individual household and individual need to use bank draft to carry out commodity paction, labor supply and other economic activities and the settlement of claims and debts in different places.

And bank draft can be used for pfer settlement or cash withdrawal.

(2) tickets go with people, money and goods are cleared.

When bank draft is settled, the purchase unit pays, the bank opens the bill, the ticket goes with the person; the purchase unit purchases the ticket, sells the unit to examine the ticket to deliver goods, the first hand pays the ticket, pays the money hand in hand; the bank sees the ticket payment, this may reduce the settlement link, reduces the settlement fund in the journey time, facilitates the purchase and sale activity.

(3)

High, safe and reliable.

A bank draft is a payment certificate issued by a bank after receiving the money from the remittance. Therefore, it has a high reputation. The bank guarantees payment, and the payee holds the bill, so that it can draw money from the bank safely and in time.

Moreover, the bank has a strict set of procedures and preventive measures, so long as remittances and banks are in strict accordance with the stipulations of bill settlement, remittance guarantees security.

Once a bill is lost, if it is a cash draft, the remittance can report loss to the bank, fill in the receivable unit and individual, and the bank can help prevent the money being claimed by others.

(4) flexible and adaptable.

Execute bank draft settlement.

The endorsement of a bill of exchange can be pferred to the selling unit, or by the bank for several times to be taken or pferred. In addition, it may also be used for mail pfer, wire pfer or reprocessing of the bill's pfer money, which is conducive to the purchase of goods in the market by purchasing units.

(5) the settlement is accurate and the balance is automatically returned.

Generally speaking, it is very difficult for buying units to confirm the exact purchase amount accurately, so it is inevitable that the amount of remittance will be reduced.

In some cases, the excess funds often fail to be cleared for a long time, resulting in inconvenience and loss to the purchasing units.

The use of bank draft settlement will not be the case. If a bank purchases a bank draft, it can be paid according to the actual purchase amount within the amount of the remittance of the bill, and the excess money will be automatically returned by the bank.

This can effectively prevent the occurrence of paction default.

The basic provisions for bank draft settlement are as follows:

(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".

The settlement of a pfer bank draft issued by a cross system bank shall be submitted to the relevant bank of the city for examination and payment after the exchange of bills of exchange through the 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) a bank draft is 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.