What Are The Characteristics Of Bank Draft Settlement?

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

(1) the scope of application is wide.

Bank draft 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)

Money and goods are two.

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 procedures for bank draft settlement are shown in Figure 4-2.

A remittance unit or an individual who uses bills of exchange to settle accounts receivable units or individuals.

(1) entrust a bank to handle a draft. 2. A bank issuing a bill of exchange, settling a bill of exchange, repaying the balance.

Bank of remittance, bank depositary payee bank