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TeachMeFinance.com - explain banker's bill banker's bill -- a negotiable draft without supporting papers drawn by one bank on its credit balance at a foreign bank. historic definition... Banker's bill -- A bill or exchange or draft drawn and sold by a banker and payable by another banker. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.