Banking institutions are constantly strengthening the management of personal account online channels.
Recently, China Everbright Bank Company Limited Co.Ltd(601818) , Shanghai Pudong Development Bank Co.Ltd(600000) , Agricultural Bank Of China Limited(601288) and other banks have successively issued announcements to reduce the transaction limit of online related business of personal account , including online transfer limit and online payment transaction limit.
According to the Securities Daily, for the reasons for the adjustment, some bank customer service personnel generally said that it was mainly to prevent telecom network fraud. In the view of insiders, it is the general trend for banks to strengthen personal account and card management. In the future, banks may achieve a dynamic balance between business risk prevention and user convenience by improving risk control and financial technology.
some users’ online business is limited
China Everbright Bank Company Limited Co.Ltd(601818) mainly adjusted the transaction limit of online payment China Everbright Bank Company Limited Co.Ltd(601818) said in the announcement that the online payment transaction limit will be adjusted from May 12, 2022. For payment transactions that users consume through various online transaction channels and complete through China Everbright Bank Company Limited Co.Ltd(601818) payment platform, the default single limit and single day limit will be adjusted to 10000 yuan
Agricultural Bank Of China Limited(601288) mainly adjusts the transfer limits of some users’ personal online banking and handheld banking.
Shanghai Pudong Development Bank Co.Ltd(600000) Chengdu Branch, Changsha branch and Fuzhou branch successively issued announcements on adjusting the non counter business limit of individual bank settlement account, saying that the non counter business limit of individual bank settlement account will be adjusted appropriately according to the use of the account.
According to the Securities Daily, after consulting the bank customer service, the reporter found that the limit measures taken by many banks for online business need to depend on the actual use of personal accounts and relevant policies in the region, so as to judge the specific limit and whether it is limited. For example, Agricultural Bank Of China Limited(601288) customer service said that the limit adjustment is different in different provinces and regions, and the specific adjustment involving different individual accounts in the same province is also different. Taking Hangzhou as an example, if the electronic channel of individual stock customers has not had a transaction list for more than 12 months, the adjusted external transfer limit may be 10000 yuan per day; Taking Fuzhou as an example, if individual stock customers do not have electronic channel transactions and transaction lists within 2 years, the daily limit may be 5000 yuan.
In addition, Shanghai Pudong Development Bank Co.Ltd(600000) customer service said that there are two kinds of restrictions on non counter limit in Fuzhou. First, from September 28, 2021, after opening a new personal bank account, each outlet should immediately include the new personal bank account into the daily limit of 5000 yuan of non counter transaction through transaction; Second, it is a customer with no transaction record for a long time within half a year in the outlets under the jurisdiction of Fuzhou branch; V0 customers with transactions and balance less than 100 yuan and V1 customers with balance less than 1000 yuan.
According to the Securities Daily, “accounts with long-term abnormal amount, long-term non use of account transactions or accounts suspected of money laundering may become the object of bank limits, which is a means for banks to strengthen their own risk management.” Wang Pengbo, a senior analyst in the financial industry of Broadcom consulting, told reporters that in recent years, telecommunications fraud and illegal transactions in personal accounts have occurred frequently. Banks bear the responsibility of account security and anti money laundering. It is necessary to strengthen the management of online channels of personal accounts.
how to strengthen personal account management? Expert advice
In recent years, the bank’s management of personal accounts has been strengthened, from cleaning up the “sleep account” to cleaning up the “one person excess account”, and then upgraded to include the bank card with a balance of less than 10 yuan into the sleep account. Especially for Telecom fraud, many banks have launched the “card breaking” action since last year.
The industry generally believes that the bank’s reduction of the transaction limit of online related businesses of personal accounts is another upgrade of the bank’s control over personal accounts for risk events such as telecom fraud.
At present, online banking services such as online transfer and online payment have been widely used by users. For banks, strengthening account control can build a defense line against Telecom fraud for users to a certain extent. However, from the perspective of consumers, it may bring some inconvenience to users’ daily consumption and transactions.
According to the Securities Daily, “strengthening user account and card management will be the general trend.” Pan Helin, CO director of the digital economy and financial innovation research center of the International United Business School of Zhejiang University, said that more banks are expected to follow up on personal account management. However, how to find a balance between the convenience of customers and the security of funds will be the key consideration of banks.
Su Xiaorui, senior analyst of Analysys financial industry, also agreed with the above statement. She believes that banks should pay attention to the convenience of financial services while preventing risks.
Huang Dazhi, researcher of Xingtu Financial Research Institute, provided users with the following suggestions :
First, the awareness of account inventory. Users should do a good job in bank account management;
Second, risk management awareness. In the third-party payment software, users should untie the unused bank cards in time, and cancel the bank cards that have not been used for a long time.
It should be emphasized that users should never rent, sell or lend their bank cards or payment accounts.
