Checks and money orders are issued by the drawer, and credit cards are issued by the bank.

Check features and advantages: A check refers to a check issued by the drawer, and the bank or other financial institution entrusted with the check deposit business unconditionally pays the determined amount to the payee or holder when the check is presented. of bills. Pay on sight is convenient and fast, and checks can be divided into cash checks and transfer checks. They can also be transferred after endorsement, which plays the role of currency circulation. To open a checking deposit account and receive a check, you must have reliable credit and deposit a certain amount of funds. The use of checks among enterprises in our country has become very popular. However, due to the incomplete establishment of the personal credit system, there are still certain restrictions on the use of personal checks.

Characteristics and advantages of a bill of exchange: A bill of exchange refers to a bill issued by the drawer, entrusting the payee to unconditionally pay a determined amount to the payee or holder at sight or on a specified date. A bill of exchange does not have legal effect when it is issued and becomes effective only when it is stamped by the debtor and the commercial bank entrusted by it. Bills of exchange can also be endorsed and transferred or discounted to banks. However, since bills of exchange usually have a certain acceptance period, a part of the acceptance interest will generally be lost. Depending on the drawer, bills of exchange are also divided into commercial acceptance bills and bank acceptance bills. Generally, bank acceptance bills have a higher credit rating than commercial acceptance bills.

A credit card is a credit certificate issued by a bank for consumers to purchase goods and pay for services. It is a payment instrument for non-cash settlement. The characteristic of credit cards is that you consume first and pay later. Cardholders do not need to carry cash or checks when going out. They can use their credit cards to make purchases at designated places, and can make overdrafts of small amounts of cash to branches or agency banks of the card-issuing bank. Those commercial departments that have signed contracts with banks collect payment from the bank based on the bill signed by the cardholder, and then the bank sends it to the cardholder for verification and pays it off within the specified period. If the payment is overdue, the card-issuing bank will calculate the interest on the balance periodically until the cardholder pays off the interest. Credit cards are widely used because they are convenient for consumption, can increase the turnover of commercial institutions, and help develop banking business.