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A banker on whom a cheque is drawn by the customer is _______.

  • A banker on whom a cheque is drawn by the customer is Paying banker.
  • The paying banker is the bank that the customer has an account with and has issued the cheque from.
  • The paying banker is responsible for verifying the authenticity of the cheque, including the signature of the drawer, the amount of the cheque, and the date of issue.
  • Once the paying banker has verified the cheque, they will debit the customer's account for the amount of the cheque and credit the payee's account, assuming there are sufficient funds in the customer's account to cover the cheque.