Successful processing by the People's Bank of China means that the information has been transmitted to the issuing bank. After receiving the information, the issuing bank operates and the money will be remitted.

The payment period for electronic acceptance is the same as for checks, which is ten days. That is to say, if you initiate a payment application within ten days after the expiration date, the payment will be made unconditionally once the ten days are up, regardless of whether the other party operates it.

Extended information:

Conditions for opening electronic bank acceptance bills:

1. Customers who apply for electronic bank acceptance bill business through corporate online banking should first apply to Its account bank applies to register as an online banking certificate customer.

If customers who have registered corporate online banking certificates need to open electronic bank acceptance bill business, please provide the following information: corporate organization code certificate and copy, legal person and agent ID card and copy, authorization letter, Official seal, reserved seal and legal person seal, and other information required by the account opening outlet.

2. If a registered corporate online banking certificate customer needs to open electronic bank acceptance bill business, please provide the following information: original, duplicate and photocopy of corporate business license, organization code certificate and photocopy, legal person and agent Personal ID card and copy, authorization letter, official seal, reserved seal and legal person seal, and other information required by the account opening outlet.

After the bank's electronic acceptance bill expires, go to the bank to apply for acceptance with relevant documents and information as well as the account used for collection.

Procedures for electronic acceptance remittance:

1. Customers who apply for electronic bank acceptance remittance open a settlement account at the acceptance bank.

2. The electronic bank acceptance bill accepting bank and the user sign the "Electronic Commercial Bill Business Service Agreement".

3. The customer fills out the "Electronic Commercial Bill Business Application Form" and applies to start an electronic bill business.

4. The electronic bank acceptance bank opens business functions for customers and creates digital certificates.

5. The electronic bank acceptance bill accepting bank and the user sign corresponding agreements based on the type of business.

6. Customers specifically handle electronic bank acceptance bill business.

Reference: Bank of China Electronic Banking