The bank, in a check transaction

• Party to a financial transaction
• Bank from which a check is paid
• The person (or bank) who is expected to pay a check or draft when it is presented for payment
• Check signer
• A participant in a bill-of-exchange transaction
• Party to a bill of exchange
• Party to a financial exchange

The Collaborative International Dictionary Word definitions in The Collaborative International Dictionary
drawee \draw*ee"\, n. (Law) The person on whom an order or bill of exchange is drawn; -- the correlative of drawer.

WordNet Word definitions in WordNet
n. the person (or bank) who is expected to pay a check or draft when it is presented for payment