noun Finance.
a person on whom an order, draft, or bill of exchange is drawn.

1760–70; draw + -ee

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World English Dictionary
drawee (drɔːˈiː)
the person or organization on which a cheque or other order for payment is drawn

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
Normally, the drawee is a bank at which the drawer has an account.
Also enter the city and state in which the drawee is located.
Ordinarily, a drawee bank is absolutely liable to its customer for payment of a
  forged check.
It must be written on the draft and may consist of the drawee's signature alone.
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