How To Refund A Bank Draft?

When a draft exceeds the time limit for payment or other reasons, no refund can be made to the issuing bank.

(1) when a remittance unit opens an account in a bank, it is required to write a letter to the issuing bank to explain the reason, and return the unused "bank draft couplet" and "cancellation notice" to the issuing bank for refund.

The bank will check the "bank draft union" reconciliation notice and the bank's retained bank draft "card couplet" to check the refund procedures and pfer the amount of remittance to the remittance unit account.

(2) when a remittance unit that does not open an account in a bank requires that a bank refund be issued, the unused "

"And" Notice of cancellation "return the issuing bank, and submit the relevant documents to the bank for refund.

(3) the remittance unit should not refund the bank at the time when it lacks one of the union bills and the "Notice of cancellation". When applying for a refund to the issuing bank, it should return the remaining one to the issuing bank, and prepare a letter to explain the reason for the shortage.

The remittance unit should handle the refund procedures.

Once the bank's bill of exchange is returned to the bank, the financial department can draw up the receipts of bank receipts according to the "excess amount" (the excess amount equals the original remittance amount).

Example: Dasheng company returned the bank's refund procedures to the bank for some reasons. In April 14th, it received the "bank account of the excess money collection" of the bank draft, which stated that the "excess amount" was 100000 yuan.

The financial department has compiled the receipts for bank deposits accordingly, and its accounting entries are:

Borrow: bank deposit 100000

Loan: Other Monetary Funds - bank draft 100000

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If a bank receives a bank draft submitted by the payee, it will refuse to pay if it has found the following circumstances after examination.

(1) bank draft for forging or altering (vouchers, seals, presses);

(2) the universal bank draft which is not printed by the head office;

(3) bank draft exceeding payment period;

(4) bank draft which is short of draft couplet or settlement notice;

(5) endorsement of bills of exchange is incomplete and discontinuous;

(8) alter or change the date of issue, payee and remittance amount.

(7) cash bank draft which has been reported and stopped by banks.

(8) the draft is damaged and the pollution is too serious to be recognized.

The bank which will refuse to pay will return it to the holder.

In addition to refusing to pay, forgery, alteration and alteration of bills of exchange will be reported to the relevant departments for investigation.

The holder of the bank has lost the bank draft, and may take corresponding remedial measures according to different circumstances.

(L) if a bank draft with the word "cash" is lost, the person who loses the bill should immediately pay a loss to the issuing bank or the paying bank.

The application for loss reporting should be submitted to the application for the loss of the bill of exchange (which can be replaced by a bill of exchange), and the word "bill of exchange is reported missing" in the certificate note column.

If the amount of the bill has been claimed by the bank before the bank accepts the loss, including the other bank's receipt of the loss notice, the bank will no longer be liable for payment.

Once the holder has found the loss of the bill, the holder should apply for reporting loss as soon as possible. At the same time, according to the fifteenth clause and third clause of the bill law, "the person who loses the bill should, within 3 days after the notice is stopped, he may apply to the people's court for public notice or to bring a lawsuit to the people's court after the loss of the bill, so as to avoid unnecessary loss of interests."

(2) if a bill of exchange indicating the name of the recipient or individual economic household is lost, the person who loses the bill shall immediately notify the receiving unit, the individual economic household, the payee, the paying bank and the issuing bank, and request the units or individuals to assist in the prevention.

Since such a bill is lost, the bank fails to pay the loss.

(3) if a bill of exchange with the name of the remittance is designated, the bank can not apply for the loss of payment.

Because such a bill of exchange can be endorsed, unable to confirm the endorser, the bank can not report the loss, the payment bank and the issuing bank will not assist in the prevention.

Therefore, the holder of such a bank draft must take good care of the draft and lose it.

After the loss of a bank draft, there is really no problem in the month after the expiry of the payment period. The remittance holder can write a written proof, explain the situation, and issue a refund to the bank.