What is a bank acceptance bill?
1. Bank acceptance is a promise made by the bank to the applicant for acceptance to pay the ticket price to the holder on the maturity date of the bill.
2. The commercial bill promised by the bank is a bank acceptance bill.
3. Acceptance method: the applicant for acceptance submits an application to the bank with the ticket and the purchase and sale contract. After examination, the bank will sign an acceptance contract with the applicant and sign the bill.
4. The accepting bank charges the applicant a handling fee according to a certain proportion of the face value.
5. The acceptance rate in China is 0. 5~ 1%, each deficiency in 5 yuan shall be counted as 5 yuan. Once the draft is accepted, the applicant shall deposit the full amount of the draft in his bank before the draft expires. On the due date, the bank will transfer the money to the payee or discount it by ticket.