what happens when a drawee receives a bill of exchange 
a bill of exchange represents instructions to the drawee to pay the person presenting it with a certain amount of money this type of transaction occurs every day in the normal course of business that s why you can walk into your bank with a check written to you and can rest assured that you or your account at that bank will receive those funds the bottom linea drawee is the entity that facilitates the transfer of funds between a party who has those funds the drawer and the party who is intended to receive them the payee a well known example of a drawee is a bank or other financial institution 