The bank on which a cheque is drawn is known as the

The bank on which a cheque is drawn is known as the drawee bank. When a person writes a cheque, they are instructing their bank, which is the drawer, to pay a specific amount of money to the person or organization named on the cheque, who is the payee. The drawer's bank then verifies that there are sufficient funds in the drawer's account to cover the cheque and sends it to the drawee bank, which is the bank on which the cheque is drawn. The drawee bank is responsible for processing the cheque and debiting the drawer's account for the amount of the cheque. The cashier is the person who handles cash transactions at a bank, such as depositing or withdrawing money. The drawer is the person who writes the cheque and signs it, while the payee is the person or organization who is supposed to receive the funds. In summary, the bank on which a cheque is drawn is known as the drawee bank, which is responsible for processing the cheque and debiting the drawer's account for the amount of the cheque.