Cross-bank Cash Concentration

Cross-bank Cash Concentration is a fund settlement service that our bank provides to transfer your money from other banks to our bank. It can be concentrated manually and automatically. Customers of automatic concentration can set up transferring conditions in advance, and the system will automatically perform the transfer operation at the set time.

Cross-bank Cash Concentration provides multi-mode, multi-periodic automatic fund concentration management function. The time can be adjusted to odd days or periodic days, and the concentration account can be your account in other banks, others’ account in other banks, your account in our bank, others’ account in our bank, and the transferred amount can provide concentration with minimum guarantee, quota concentration, conditional full-amount concentration, unconditional full-amount concentration, etc.

Features

1. One setup is valid permanently: The concentration conditions are self-setup, and the designated date will be implemented automatically in an orderly manner, saving time and labor.
2. Free concentration to save your cost: All fund concentration transactions are exempted from handling charges, greatly reducing consumers' costs for transferring in a simple and quick manner.
3. Flexible mode and simple setup: The setup of multiple concentration modes and concentration cycles can meet customers’ diversified concentration demands.
4. Automatic split of large-sum concentration: Large-sum concentrated funds over 50,000 Yuan can be split up automatically to avoid repeated operations.
5. Real-time transfer of concentrated fund to account: After the system successfully performs the concentration transactions based on conditions set by you, the fund can enter your designated account in real time, enhancing fund utilization efficiency.

Service Charges

The concentration transaction is currently exempted from handling charges.

Application and Approval Process

Through online banking inter-bank account management, you can sign the contract of other banks’ account enquiry and payment, and then manually concentrate funds and set up inter-bank fund concentration conditions to realize automatic concentration.

Service Paths

Customers need to sign the contract of other banks’ account enquiry and payment through online banking U Key and conduct fund concentration operations through Online Banking and Mobile Banking.

Tips

• You can set up your account in other banks, others’ account in other banks, your account in our bank, and others’ account as concentration accounts in our bank. Others’ accounts in our bank can be authorized by the Online Bank Merchant Edition.
• Concentration modes: four concentration modes
  • Minimum guarantee concentration: It can concentrate the excess amount above the minimum guarantee setup by the customer to concentration accounts.
  • Quota concentration: It can concentrate the concentration amount agreed by the customer to the account payee.
  • Conditional full-amount concentration: When the funds in the concentration account meet the conditions set by the customer, all funds will be concentrated to the account payee.
  • Unconditional full amount: all funds in the concentration account are directly concentrated to the account payee.
• Concentration cycle: four concentration cycles
  • Daily: It performs the task of fund concentration every day.
  • Weekly: It performs the task of fund concentration every week, which can be selected by week.
  • Monthly: It performs the task of fund concentration every month, which can be selected by month. If the customer selects the execution date to be 29/30/31, and the current month has no 29/30/31, the execution date will be the last day of the current month.
  • Miscellaneous: The customer can set up certain intervals to implement the task of fund concentration based on demand, and the interval shall be calculated by day. For example, if the interval is every other 2 days, the next concentration task will be implemented the third day as of the former implementation day.
• The customer needs to sign the contract of other banks’ account enquiry and payment for the automatic concentration, and the purpose of the payment agreement must be “others” or “all”.
• The setup of concentration conditions: if multiple fund concentration tasks are set up for the same concentration account and account payee, only when the concentration cycle is not completely the same, can they be successfully set up.