In 2022, new regulations will be introduced for deposits and withdrawals. From March 1, individuals must register for cash deposits and withdrawals of more than 50,000 yuan; in addition, some banks have canceled small-amount account management fees and annual fees; some private banks have stopped handling cash business.
New changes in deposit and withdrawal regulations in 2022
As the saying goes, accumulate grain to prevent hunger and prevent disasters before they happen. Chinese people love saving money the most in the world. At present, China's savings rate ranks first in the world. Therefore, some changes in deposit and withdrawal regulations are also of great concern.
In 2021, the upper limit of the deposit interest rate will be changed to the benchmark interest rate + basis point. After the long-term deposit interest rate drops, the deposit and withdrawal regulations will continue to usher in some new changes in 2022, which is worthy of attention.
1. Deposit and withdraw cash of more than 50,000 yuan starting in March To register
As we all know, in the past, cash deposits and withdrawals exceeding 50,000 yuan were considered large transactions, and financial institutions were required to report them starting from March 1, 2022. Cash deposits and withdrawals exceeding 50,000 yuan must also be registered.
According to the "Management Measures for Customer Due Diligence of Financial Institutions and the Preservation of Customer Identity Information and Transaction Records" promulgated by the central bank and other departments, commercial banks, rural cooperative banks, rural credit cooperatives , village banks and other financial institutions handle matters for natural person customers. For single cash deposits and withdrawals of more than 50,000 yuan in RMB or more than 10,000 U.S. dollars in foreign currency equivalent, should identify and verify the identity of the customer, understand and register the source or purpose of the funds, and
deposits and withdrawals are free, but this is based on the real-name system. Basically, you need to verify your identity and register. However, registration will not affect the convenience of deposits and withdrawals in practice.
Because, the central bank said, under normal circumstances, does not require customers to fill in the information themselves. Provide supporting documents, and after a brief inquiry, the bank can directly handle the cash deposit and withdrawal business for the customer and register the relevant information.
In other words, the bank does not need to fill in the form themselves.
Only if the transaction is obviously abnormal, Only when there are reasonable grounds to suspect that the transaction is involved in illegal and criminal activities such as money laundering,
will further understand the situation from the customer. The reason why
does this is to severely crack down on illegal and criminal activities such as money laundering. It targets criminals and normal people will not be affected. However, everyone. You must also answer truthfully, cooperate with the country’s anti-money laundering, and contribute to economic security.
2. Some banks have canceled small account management fees and annual fees
. Deposits and withdrawals are inseparable from bank cards. In 2022, some banks announced that they will cancel the annual fee. Fees, small account management fees and other fees will bring real money to depositors, and they can save some money.
Among them, starting from February 1, 2022, Bank of China will cancel the personal debit card year. Annual fees and small account management fees will no longer be charged for all personal debit cards in the customer's name starting from that day, and annual fees owed in previous years will not be paid.
Postal Savings Bank of China will also be cancelled. Some fee items have been introduced, such as the Fat Tiger Card waiving card service fees, small account management fees, and debit card annual fees.
I believe that more banks will follow up on fee reduction measures to benefit the people and savers.
3. Some banks have stopped handling cash services
In addition, if your bank has a private bank, you should pay attention. Some private banks have stopped accepting and paying cash.
Among them, starting from March 1, Liaoning Zhenxing Bank will cease cash business. Starting from April 1, Beijing Zhongguancun Bank will cease cash collection and payment business.
These two private banks have few physical branches and have stopped offering cash services in order to reduce costs and better promote the development of electronic banking. Therefore, if depositors of these two banks want to withdraw cash, they can only transfer the money to other banks first and then withdraw the cash.
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