In China, bills of exchange can be divided into two types, one is a bill of exchange issued by a bank, which is called a bank bill; The other is a bill of exchange signed with enterprises, institutions, institutions and organizations other than banks, which is called a commercial bill. Commercial bills are divided into commercial acceptance bills and bank acceptance bills.

1. Bank acceptance bill

Bank acceptance bill is a kind of commercial bill. Refers to a bill issued by a depositor who opens a deposit account in an acceptance bank, applied to the opening bank and accepted by the bank, and guaranteed to unconditionally pay a certain amount to the payee or holder on a specified date. Accepting the commercial bill issued by the drawer is the credit support given by the bank based on the recognition of the drawer's credit standing. Bank acceptance bills are sold at a discount. The main investors of bank acceptance bills are money markets, mutual funds and municipal entities. Its characteristics are: good credit, strong acceptance and high flexibility, which effectively saves capital costs. Financing commercial transactions with bank acceptance bills is called acceptance financing.

ii. bank draft

a bank draft refers to a bill issued by the issuing bank and unconditionally paid to the payee or holder according to the actual settlement amount at sight. The issuing bank of the bank draft is the bank that handles the bank draft with the approval of the People's Bank of China. Bills that are mostly used to handle transfer settlement and cash withdrawal in different places, and are unconditionally paid to the payee or holder according to the actual settlement amount when they see the bill. Bank draft has the characteristics of flexible use, ticket arrival with people, strong cashability, etc., and is suitable for commodity transactions where payment is made before delivery or money and goods are cleared.

Third, the difference between bank draft and bank acceptance draft

In China, there are two kinds of draft, one is a draft issued by a bank, which is called a bank draft; The other is a bill of exchange signed with enterprises, institutions, institutions and organizations other than banks, which is called a commercial bill. Commercial bills are divided into commercial acceptance bills and bank acceptance bills.

a bank draft is issued by the issuing bank, and there is a bill that it unconditionally pays to the payee or holder according to the actual settlement amount at sight. It can be used to transfer money, and those with the word "cash" can also be used to withdraw cash. Registered name; Allow transfer; Prompt payment period is one month.

bank acceptance bills are accepted by banks. A bill signed by the drawer and accepted by the acceptor, which entrusts the drawee to unconditionally pay a certain amount to the payee or holder on a specified date. The payment period shall be agreed by both parties to the transaction, and the longest period shall not exceed 6 months.

So there are roughly

1 differences between bank draft and bank acceptance draft. The drawer is different. The drawer of the former is a bank, and the drawer of the latter is not specific.

2. The former means that the payer pays as much as he deposits in the bank first. The latter means that even if the money deposited by the payer is not enough to pay the face value, the bank will pay the payee in full first, and then recover from the payer.

3. Through the above introduction, you must have understood the concepts of bank draft and bank acceptance draft and their differences. If you have any other problems, you can come to us to find the French Open, and we will have professional lawyers to help you solve them.