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Collection Service

ABC offers a variety of collection services based on the funds flow features of different customers to help them collect funds in a fast manner, reduce the collection cycle and improve the funds utilization efficiency.
Universal Deposit and Withdrawal
After opening a settlement account with ABC, the customer is able to make deposits and money transfer at any outlet of ABC. 
It facilitates the customer to make inter-city transactions, realizes real-time receipt of funds, and improves the efficiency of funds collection and payment.
Procedures: The customer submits an application to an ABC outlet and signs the agreement. Payment password is required for "Universal Deposit and Withdrawal" business.
Entrusted Collection
ABC collects payment from the payer as mandated by the payee.
This service is designed for entities and individuals with the need to collect payment for debts or utility bills. It can be applied for in any place in China without minimum amount requirement.
Procedures: The customer submits an application to an ABC outlet with relevant certificates and documents subject to the approval of ABC. Then the customer needs to complete the entrusted collection certificate.
Regular Collection Service
Under the agreement with relevant parties, ABC regularly debits from the accounts of the designated payers by batch and then makes payment to the payee based on the list of payers' accounts and amounts provided by the payee. 
One payee can receive payments from multiple payers.
Procedures: The payee submits an application to an ABC outlet and signs the agreement, while the payers grant their authorizations and the payee provides a list of the payers' accounts and amounts for regular collection. 
Collection based on Agreement
Under the agreement with relevant parties, ABC debits from accounts of the designated payers in a real-time manner or by batch and then makes payment to the payee. 
The payers can be entities and/or individuals. Both single payment and batch payments are supported and the proceeds are credited to relevant accounts in the same day. The payee may instruct ABC to initiate such transaction through ABC counters, Bank-Enterprise Express or online banking. 
Procedures: The payee opens an account with ABC and signs relevant agreements while the payers open accounts with ABC and grant authorizations. Then the payee sends single or batch debiting instructions.
Collection from Personal Account
In accordance with relevant agreement, ABC transfers money from personal accounts to the account of the payee regularly or in real time. The payee can be an entity or an individual.
The collection is completed by the system automatically when the agreed conditions are satisfied or the transaction is initiated by the payee electronically. It is more cost effective and realizes higher efficiency of collection.
Procedures: The payee submits an application to an ABC outlet and signs the agreement while the payers grant their authorizations in ABC outlet.
Door-to-door Bills Collection/Delivery
Based on the agreed provisions, ABC designates personnel to the appointed place for collection and/or delivery of bills and settlement vouchers.
It is designed for enterprises or public institutions with large volume of bills settlement. The access to extended ABC counters allows for higher efficiency.
Procedures: The customer submits an application to an ABC outlet and signs the agreement.

Note: Please contact your local branch for detailed information about the service.

Customer Service Center : 95599

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