Bank acceptance is a promise made by the bank to the applicant for acceptance to pay the amount of the bill to the holder on the maturity date of the bill. The commercial bill promised by the bank is a bank acceptance bill. Acceptance method is: the applicant submits an application to the bank with the bill and the purchase and sale contract. After examination and approval, the bank will sign an acceptance contract with the applicant and sign the bill. The accepting bank charges the applicant a handling fee according to a certain proportion of the face value. The proportion of acceptance fee in China is between 0.5 ~ 1%, and each sum less than that in 5 yuan is charged by 5 yuan. Once the draft is accepted, the applicant shall deposit the full amount of the draft in his bank before the draft expires. The bank will transfer the money to the payee or discount bank on the due date.
Commercial bills are divided into commercial acceptance bills and bank acceptance bills:
When the drawer or holder of a bank acceptance bill presents it to the bank for acceptance, the credit department of the bank is responsible for carefully examining the drawer's qualification, credit standing, purchase and sale contract and the contents recorded in the bill in accordance with the relevant regulations and examination and approval procedures, and the drawer can provide guarantee when necessary. If the requirements and acceptance conditions are met, an acceptance agreement shall be signed with the drawer.
There are seven items that must be recorded on the face of a bank acceptance bill: the words "bank acceptance bill", the entrustment of unconditional payment, the determined amount, the name of the paying bank, the name of the payee, the date of issue and the signature of the drawer. If one of them is missing, the bank acceptance bill is invalid.
The drawer of a bank acceptance bill shall deposit the full amount of the bill into his bank before the maturity of the bank acceptance bill. The accepting bank shall pay on the maturity date of the bank acceptance bill or the sight date after the maturity date.
When the drawer of a bank acceptance bill fails to deposit the bill in full on the maturity date of the bank acceptance bill, the accepting bank will pay interest on the unpaid amount of the bank acceptance bill at the rate of 0.5 ‰ per day in addition to unconditionally paying the holder according to the bill.
Bank acceptance bill is a kind of valuable certificate, which can be transferred by endorsement based on the principle of paying consideration, thus realizing the payment function and settlement function of bank acceptance bill. For example, Company A holds an unexpired bank acceptance bill of 2 million yuan. Since Company A has purchased goods worth 2 million yuan from Company B, if both parties agree to settle by bank acceptance bill, Company A can endorse the bank acceptance bill held by Company B to complete the transaction payment.