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Personal Automatic Transfer

Overview
Personal automatic transfer is to transfer funds in a designated account to one or more accounts as agreed between ABC and the personal customer according to certain transfer cycle and transfer mode.
The payer account is the account from which the funds are transferred, and is an RMB personal demand settlement account of ABC (including debit card and current settlement passbook). Under one payer account there can be several payee accounts.
Payee account is the account to which the funds are transferred, and is an RMB personal demand settlement account of ABC. Payer account and payee account can be under the same customer's name or different ones.
Features
1. The product can provide automatic transfer service with multiple cycles for customers, and help customers make their own transfer plans. The transfer mode can be balance transfer of retained amount, round-off transfer of retained amount, transfer to make up balance, and transfer of designated amount.
Balance transfer of retained amount is to transfer out the amount exceeding the retained amount in the account. Round-off transfer of retained amount is to transfer integral multiple of the set round-off unit from the funds exceeding the retained amount in the account. As for transfer to make up balance, the system will automatically check whether the account has sufficient balance. If the account has a balance lower than the designated amount, funds will be automatically transferred from the payer account to the payee account to make up the agreed balance. Transfer of designated amount is to transfer the fixed amount as designated by the customer.
2. The system transfers in the sequence in which the payee account is added in default, and provides the function of setting the transfer sequence, with which the customer can reasonably arrange and use the transferred-out funds to the maximum.
Fuctions
1. Automatic transfer. After signing the contract, the customer needs not to handle transactions in outlets, and the system will automatically transfer funds at the set time and as required by the customer.
2. Diversified transfer modes. Four transfer modes (transfer of designated amount, balance transfer of retained amount, round-off transfer of retained amount, transfer to make up balance) and four transfer cycles (daily, weekly, monthly and month-end) are available.
3. Low transfer cost. Automatic transfer can enjoy a lower transfer fee than counter-based single transaction.
4. Convenient transaction handling. The customer can enable the automatic transfer service at any outlet of ABC by presenting personal identity certificate and settlement account or through the internet banking.
Targeted Customers
The product is suitable for personal customers having frequent transfer demand, investing regularly, and needing to pay to several accounts, repay loan principals and interests regularly, and pay living expenses of children and maintenance to parents regularly.
Tips
1. Personal customers can apply for changing the payer account or payee account, but the new account and the original account must be under the same certificate number and customer name.
2. Customers can suspend and recover the transfer relationship. When the customer selects to suspend the transfer relationship, the transfer is automatically suspended, but the transfer relationship still exists. The original transfer relationship is still valid once it is recovered.
3. The bank will not re-deduct the amount in case of unsuccessful transfer due to abnormal status such as insufficient balance of the payer account, loss report, freezing or cancellation of the payer account, or cancellation of the payee account.

 

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

Customer Service Center : 95599

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