A bank draft refers to a bill issued by an issuing bank and unconditionally paid to the payee or holder according to the actual settlement amount at sight. The drawer of a bank draft is a bank.
Matters needing attention in signing bank draft:
① The signature of the drawer of the bank draft and the signature of the acceptor of the bank acceptance draft shall be the special seal for the bank draft approved by the People's Bank of China and the signature or seal of its legal representative or its authorized agent.
(2) The signature of the drawer of the commercial bill is the special financial seal or official seal of the legal person plus the signature of its legal representative or its authorized agent.
③ The signature of the drawer of the promissory note on the draft is the special seal for promissory note approved by the People's Bank of China plus the signature or seal of its legal representative or its authorized agent.
(4) The signature and seal of the unit on the bill shall be the special financial seal or official seal of the unit plus the signature or seal of the legal representative or its authorized agent.
⑤ The signature of an individual on a bill of exchange shall be subject to his signature or seal.
⑥ The bank shall keep the signatures of the drawer of the cheque and the acceptor of the commercial acceptance bill.
What's a drawer?
The drawer is a legal person, other organization or individual who issues a bill and delivers it to others. The drawer shall bear the guarantee responsibility that the bill must be paid or accepted when it is presented for payment or acceptance. Refers to the person who issues bills according to law and delivers them to the payee. Generally speaking: A writes an IOU to B, indicating the important information such as the return time, and the IOU is kept by B. At this time, A is the drawer and B is the payee.
About drawers:
The drawer of a bank draft is a bank approved by the People's Bank of China to handle the bank draft business.
The drawer of a cashier's check is a bank approved by the People's Bank of China to handle the cashier's check business.
The drawer of a commercial bill is an enterprise or other organization other than a bank.
The drawer of a commercial bill must meet the following conditions when applying to a bank for acceptance:
(1) Opening a deposit account with the accepting bank;
(2) It has a good credit standing and a reliable source of funds to pay the amount of the draft.
The drawer of a cheque is an enterprise, other organization or individual that has opened a cheque deposit account in a bank, urban credit cooperative or rural credit cooperative that has been approved by the People's Bank of China to handle cheque deposit business.