The announcement of the network business bank shows that “some business will be adjusted in the near future, and the function of transferring Alipay balance into the network business bank” after April 21st will be gradually suspended.
In response, 19 evening, Alipay customer service also confirmed to China Securities reporter, “if users have the money to transfer to the bank, they can first withdraw the Alipay balance to other bank cards, and then transfer them to the bank through bank transfer.” What is the reason why Alipay’s balance is transferred to the Bank of the Internet business and will be suspended?
free cash withdrawal channel needs to be stopped
An “announcement on business adjustment and welfare upgrade related to class II account of e-commerce bank” of e-commerce bank has attracted market attention and heated discussion. The announcement said that since April 21, 2022, the Internet Banking Bank will gradually suspend Alipay’s cash withdrawal or transfer to the secondary account related business of the Internet banking company. Meanwhile, the secondary account of the network business bank will only support me to transfer the bank account.
In this regard, the person from e-commerce bank explained that “based on the adjustment of business rules, it only supports the transfer in of my bound bank account”. “If a merchant needs to withdraw the balance of the Alipay and transfer it to the Bank of the Internet, he can first withdraw his cash to other bank cards, and then transfer from the bank card to the network bank.” In addition, “at present, the payment code merchant will withdraw the balance of Alipay to the bank card without paying the commission fee”.
In April 19th, the Alipay customer service staff also confirmed the adjustment to reporters and introduced that businesses and users’ services through Alipay withdrawals to other banks remained unchanged.
then what is the reason why internet banking should gradually stop the function of Alipay’s cash withdrawal and transfer?
There is a saying in the market that after the Alipay balance was “free” to the network business bank, the cash withdrawal to other bank cards will be charged at 0.1%, and the reason is free. After the adjustment of business rules in the future, “a user facing the C end will close the free access channel for the amount of money in the Alipay balance”.
Is that right? Reporters, as personal users, experienced the cash balance of Alipay users, and found that the actual situation is different from the above statement. At present, from the Alipay balance to the personal savings bank card, the service charge is still charged according to the provisions of the balance, that is, the rate is 1/1000 of the withdrawal amount (the lowest service charge is 0.1%).
The reporter saw Alipay app cash rule description – the introduction of free quotas, “at present, the user of the real name of the user under the same identity card, all accounts share 20 thousand yuan of basic free cash withdrawals (” cash offer “and” transfer “to” bank card “). The excess portion is charged at 0.1% of the withdrawals amount, and the service charge is less than 0.1 yuan, which is charged according to 0.1 yuan.
Screenshots from Alipay app
That is to say, no matter whether Alipay’s personal users extract the balance to the network business bank or other bank cards, the amount can be avoided within 20 thousand yuan. In addition, Alipay personal users can also get free cash withdrawals by upgrading Alipay membership level and member points exchange.
It is worth mentioning that the corresponding withdrawal amount can be obtained for the merchant users of the collection code by completing effective collection or transaction payment; Different from individual users. And from the response of the above network business banks, at present, “cash yards merchants will withdraw the balance of Alipay to the bank card without paying the commission fee”.
As a matter of fact, since 2021, the small and micro payment policy has been pushed forward since 2021. According to the official announcement of the government, the collection of money code for users who collect money code (including personal money collecting subscribers) will continue to be free until September 30, 2024, and there is no single and upper limit for free.
why pause
a person familiar with the payment institution told reporters that another possibility is to implement the corresponding policy requirements behind the “business rule adjustment of e-commerce bank”
In 2016, the notice of the people’s Bank of China on implementing the classified management system of individual bank accounts (No. 302 document) issued by the central bank divided individual bank accounts (debit cards) into class I bank accounts, class II bank accounts and class III bank accounts, and the applicable functional scope, use limit, account balance and other restrictions are different; “According to the regulation, the same person can only open a I account in the same bank, and I accounts need to be verified at the bank counter.” compared with the Internet Banking Bank as the Internet private bank, this is also a gradual suspension of Alipay’s cash withdrawal or transfer to the secondary account related business of Internet banking.
For example, from the perspective of functional scope: class I card can be said to be a full-function account. For example, in addition to deposits, class I account customers purchase investment and wealth management products, support bank securities transfer, cross-border loss and other businesses, while class II bank card is a limited functional account with limited business scope; The limit of the two is also different. When handling transfer, consumption payment and other businesses, class I account transfer (the annual cumulative transfer out amount is unlimited).
in view of the potential risks of long-term immovable accounts, “one person with multiple cards” and frequent loss reporting and replacement of existing bank cards, since last year, the people’s Bank of China has continued to promote the rectification of industrial risks, Industrial And Commercial Bank Of China Limited(601398) , Postal Savings Bank Of China Co.Ltd(601658) , China Construction Bank Corporation(601939) , China Everbright Bank Company Limited Co.Ltd(601818) and other banking institutions have also responded positively and carried out the cleaning of sleep accounts to effectively ensure the capital safety of customer accounts
As a result, the above analysis does not exclude the response to regulatory requirements, and the adjustment of Internet banking in Alipay.
The e-commerce bank officially opened on June 25, 2015. It is one of the first batch of private banks in China initiated by ant group and approved by the regulator. At present, ant group holds 30% and is still the largest shareholder.
By the end of 2021, the total assets of e-commerce banks were 374.64 billion yuan, an increase of 20.55% over the end of the previous year; Total liabilities amounted to 357442 billion yuan, an increase of 20.43% over the end of the previous year. In 2021, e-commerce banks achieved a revenue of 10.083 billion yuan, a year-on-year increase of 17.29%; The net profit was 1.789 billion yuan, a year-on-year increase of 39.66%. By the end of 2021, the non-performing loan ratio of e-commerce banks was 1.48%, down 0.06 percentage points from the end of the previous year; The capital adequacy ratio was 12.35%, an increase of 0.46 percentage points over the end of the previous year; The provision coverage rate was 362.80%, an increase of 51.9 percentage points over the end of the previous yearcenter>
