Deposit money to receive "tips", account consolidation in three steps

The collection scope of management fees for current deposit accounts of Shanghai Shanghai Bank has been further expanded. Recently, the Shanghai Branch of Industrial and Commercial Bank of China announced that starting from the second quarter of this year, it will start to charge RMB personal small current deposit accounts with an average daily deposit balance of less than 300 yuan. Charges have already started. Before this, Bank of Communications and China Merchants Bank have announced the charging standards for small accounts, so more than half of the small accounts in Shanghai will face the fate of being charged.

The charging method is slightly different for each bank

ICBC Shanghai Branch's charging this time can be said to have been premeditated for a long time. As early as last October, the bank had advised customers to consolidate small accounts, the implication being that they would be charged soon. In the past six months, more than 500,000 customers have merged small accounts. "The scale of personal deposits of ICBC Shanghai Branch accounts for 45% of the four major banks, and the proportion in the industry is as high as 32%. Therefore, this charge involves a wide range of people, and ICBC is also very cautious about this." ICBC Shanghai Branch The person in charge said recently.

The charging method announced by ICBC is basically the same as the previously announced standards of China Construction Bank, Bank of China and Bank of Communications, that is, the calculation standard is also based on the daily average deposit balance of each account. The computer system will automatically calculate the daily average deposit balance of each account, add up the daily deposit balance of an account within a quarter (from the end of the previous quarter to the 20th of the end of the current quarter), and then add it to the total number of days of deposits (every quarter). The total number of days is calculated as 90 days) to obtain the average daily balance. Industrial and Commercial Bank of China and Bank of China charge accounts with an average daily balance of less than 300 yuan and are not exempt from service fees, while China Construction Bank and Bank of Communications set this standard at 500 yuan.

Different from the above four banks is China Merchants Bank. The charging standard of China Merchants Bank is measured by the average daily total assets of customers in the bank. The so-called "average daily assets" refers to the total daily average assets of all accounts opened by the customer with the same ID card in China Merchants Bank Shanghai Branch. Trust and insurance for sale.

“If the average daily assets are below the prescribed standards, an administration fee will be charged for each card and passbook of the client. If the total assets of the client are above the standard, even if some or even all of their individual account asset balances are not Meet the exemption standard, but the corresponding category of personal accounts under the ID card will be exempted from account management fees." The person in charge of the bank said.

The charging standard of China Merchants Bank is the highest

on the specific charging standard and free account. The five banks also have different rules.

ICBC and Bank of China charge 3 yuan per quarter for accounts with an average daily balance of less than 300 yuan and are not exempt from service fees, while China Construction Bank and Bank of Communications charge accounts with an average daily balance of less than 500 yuan. A service fee of $3 per quarter is also charged.

All four banks define several types of accounts that can be exempted from service fees. Among them, demand deposit accounts for paying wages and demand deposit accounts for repaying personal loans are all free; personal settlement accounts for investment and wealth management products in local and foreign currencies are also free; public utility fees, agency fund stock business, and Small accounts that have signed various agency business agreements and contracts also enjoy immunity. However, the difference is that ICBC Shanghai Branch clearly stated that personal current deposit accounts and debit cards are two different charging items, so they are charged separately; while Bank of Communications Shanghai Branch clearly stated that debit cards do not charge, China The bank announced that the RMB small personal current deposit account with a debit card as the main account will be exempted from service fees.

The charging standard of China Merchants Bank has been greatly increased: for ordinary cards and passbooks with an average daily asset of less than 10,000 yuan, a monthly account management fee of 1 yuan will be charged; An account management fee of 10 yuan is charged on a monthly basis; for the golden sunflower card specially designed for VIP customers, the prescribed charging standard is even higher to 500,000 yuan in average daily assets. If it is less than 500,000 yuan, a monthly account management fee of 30 yuan is charged Yuan. All program cards and passbooks are charged separately. Similarly, six types of accounts, including salary payment accounts and personal asset accounts that are being repaid, are included as free items. The bank specifically pointed out that the current account management fee is exempted from the credit card automatic repayment account that is valid for the current period of deduction.

For small accounts whose balance is insufficient to pay the management fee on the day of deduction, major banks have given a certain grace period before canceling the account (see the management fee collection standard for details). But for fixed deposit accounts, all five banks said they would not charge any fees.

Three tips for merging charging accounts

It is foreseeable that charging for small accounts is only the first step, and measures such as interest rate cuts will appear on small accounts in the near future. Avoid talking about it. As ordinary savers, what citizens can do is to change their past financial management ideas, and the consolidation of accounts is the most basic step.

Tip 1, depositors can choose the bank they like the most and concentrate their family assets. China Merchants Bank has already demonstrated the advantages of this choice by charging according to the average daily assets. In other banks, such as Industrial and Commercial Bank of China, if your deposit scale reaches the standard of the bank's elite gold account, you can classify all the accounts under the real-name account, and its small demand deposit account is of course not charged.

In addition, in order to compete for customer resources, small and medium-sized joint-stock commercial banks other than Bank of Communications and China Merchants Bank may not have similar charging regulations in the short term, and depositors may wish to choose according to their actual situation. Payroll banks, banks closer to home, or banks with rich wealth management products can all be the first choice for home wealth management.

Tip 2: Make good use of electronic banking for account consolidation. The reporter logs on the ICBC Internet Banking, and there is a special shortcut function "Cancellation of Small Amount Accounts". Even if you have not registered for online banking, as long as the account is a real-name account and you enter the correct card number and password, you can cancel the account and transfer the remaining funds to other accounts. According to ICBC's prompt, similar real-name accounts can also be cancelled in telephone banking, and depositors do not need to go to the bank branch to queue up. However, accounts opened before the real-name system still need to be processed at the counter.

Another convenience provided by China Construction Bank Shanghai Branch is that depositors can go to the outlets with valid ID documents to inquire about all accounts under their own names, and cancel accounts for idle accounts. However, ICBC said that this move cannot be realized in ICBC.

According to the suggestion of the Personal Finance Department of ICBC, depositors can realize the scientific allocation of family accounts by using three accounts. The first is the income and expenditure account, which is used to record monthly salary income and handle the most basic settlement and transfer business; the second is the investment account, which is used to purchase treasury bonds, funds, gold and various investment transactions; the third is to apply for a credit card with to enjoy the convenience of interest-free consumption.

Tip 3: Consciously merge accounts in your financial life to avoid opening new accounts. In the past, whether to buy funds or pay insurance premiums, there would be a new account or bank card, but in fact, the bank reminded that these functions can be implemented in a debit card. For example, when buying insurance, you can ask the insurance company to transfer money from its existing debit card, and Bank Securities Connect and Bank Foundation Connect try to use the existing debit card as much as possible, concentrating these investment transfer functions in one In the debit card, this operation will also help savers manage their money wisely and naturally understand their income and expenditure details.