When will the bank acceptance bill arrive?

The bank accepts the draft (valid within 6 months from the date of issuance), and the last hand submits the original draft, collection certificate and other auxiliary materials to the bank for collection 7 working days before the draft expires, which takes about 2-3 days to arrive. However, if the relevant materials submitted are defective, it may take longer.

Extended data

Bank acceptance bill payment

Payment refers to the behavior that the payer pays the bill amount to the holder according to the items recorded on the bill when the holder presents the payment.

Payment is the act of paying the bill amount, and it is limited to the amount recorded on the bill. Payment in kind or other securities does not constitute payment of bills; Payment is the act of eliminating the relationship between bills. Once the bill is paid, the bill relationship disappears, and all debtors on the bill are relieved of the bill liability.

The longest payment period of a bank acceptance bill shall not exceed 6 months. For a bill payable on a fixed date, the payment period shall be calculated from the date of issue, and the specific maturity date shall be recorded on the bill; For a bill of exchange that is paid regularly after the date of issue, the payment period shall be calculated on a monthly basis and recorded on the bill.

For a bill payable regularly after sight, the payment period shall be calculated on a monthly basis from the date of acceptance or rejection, and recorded on the bill. If the holder presents payment in accordance with the provisions of the negotiable instrument law, the payer shall pay in full on the date of sight.

Under the following circumstances, the debtor of a bill of exchange may refuse to pay the holder:

(1) The holder who fails to perform the agreed obligations and has a direct creditor-debtor relationship with himself;

(2) The holder of a bill of exchange obtained by fraud, theft or coercion;

(3) The holder of a negotiable instrument who obtains it maliciously knowing that there is fraud, theft or coercion.

(4) The holder who has obtained the bill knows that there is a defense between the debtor and the drawer or the holder's prior hand;

(5) The holder's gross negligence causes the bill to be inconsistent with the provisions of the bill law;

(6) The holder who has obtained the discontinuous bill by endorsement.

(7) Other defences that conform to the provisions of the negotiable instrument law.

The debtor of a bill of exchange shall not refuse to pay under the following circumstances:

(1) Having a defense with the drawer;

(2) There is a defense with the holder in advance.

The drawer of a bank acceptance bill shall deposit the full amount of the bill in his bank before the bill expires. The accepting bank shall pay the bill on the maturity date or the day after the maturity date.

If the accepting bank refuses to pay due to legal defense, it shall, within 3 days from the day after receiving the commercial bill, make a refusal certificate and mail it to the holder's bank with the bank acceptance bill for transfer to the holder.

If the drawer of the bank acceptance bank fails to deposit the bill in full on the maturity date of the bill, the acceptance bank will pay unconditionally according to the bill, and interest will be charged at the rate of 0.5 ‰ per day for the amount of the bill unpaid by the drawer.

The responsibility of the collecting bank entrusted by the holder is limited to transferring the amount of the bill into the holder's account according to the items recorded in the bill. The responsibility of the paying bank entrusted by the drawee is limited to paying the bill amount from the drawee's account according to the items recorded in the bill.

If the holder is paid, he shall sign the bill and hand it over to the drawee. If the holder entrusts a bank to collect money, the entrusted bank will transfer the amount of the bill collected into the holder's account, which is regarded as payment.

If the amount of the draft is in foreign currency, it shall be paid in RMB according to the market exchange rate on the date of payment. However, if the parties to a bill of exchange have otherwise agreed on the currency of payment, such agreement shall prevail.

At the time of payment, the payer and his agent shall review the continuity of endorsement of the bill of exchange and the legal identity certificate or valid certificate of the payer. If the payer and his agent pay in bad faith or have gross negligence, they shall bear the responsibility themselves.

If the drawee pays a bill on a regular basis, on a regular basis after the date of issue, or on a regular basis after sight, the drawee shall bear the responsibilities arising therefrom.

After the payer pays in full according to law, the debtor of the bill of exchange is fully discharged.

References:

Baidu encyclopedia-bank acceptance bill