Since the beginning of this year, banks have been increasing the management of sleeping cards.
Previously, China Merchants Bank announced that it was protecting account security. Starting from July 15 this year, it will handle the non-conforming long-term unused personal accounts with zero balance. Recently, Shanghai Pudong Development Bank has upgraded its management. Since November 2017, it has upgraded its account information management for double-zero cards that were issued before December 31, 2016 (including) and did not have any transactions in the first three quarters of this year. A double zero card is a bank card with a balance of deposits and accrued and no interest. The double zero card cleaned by the Shanghai Pudong Development Bank is aimed at the stock of sleeping cards.
Sleep card management upgrade
According to the regulations of the central bank, individuals can open accounts in banks, and each person can only open one class I households in the same bank. If there are already class I households, they can only be II and III accounts when they open an account. The three account levels are different, the main difference is the function and the amount, residents can handle different accounts according to individual needs. Class I accounts are full-featured bank settlement accounts with the highest level of security, and can access cash, wealth management, transfer, payment, payment, etc., and do not limit the amount. Class II and III accounts have a small amount, which is more suitable for daily expenses and small-scale online payment services. Individuals who open Class II and Class III bank accounts can bind their own Class I bank accounts or credit card accounts for identity verification.
In the past, for a long time, the handling of bank cards, especially savings cards, was not restricted. It is not uncommon for a person to have multiple bank cards of the same bank.
This time, Shanghai Pudong Development Bank's management measures are more stringent. According to Shanghai Pudong Development Bank, since November 2017, double zeros have been issued before December 31, 2016 (including) and no transactions have occurred in the first three quarters of this year. The card performs account information management upgrade. However, bank cards that have opened business functions such as purchase of wealth management products, funds, third-party depository, foreign exchange treasure, collection and payment, personal loan repayment, etc. are not included in this upgrade.
After this upgrade, the long-term unused zero-zero card of the bank will not be used normally, and the account information will not be displayed in channels including online banking, mobile banking, telephone banking, and self-service devices. If you need to re-use the debit card, you need to bring the debit card and the cardholder's personal valid ID card to the outlet counter for the dual-zero card activation procedure.
The consequences of two sleeping cards per person can be serious
The so-called "sleeping card" refers to no active financial transactions, including consumption, access to current and transfer transactions, within 6 months. According to the China Banking Association data, as of the end of 2016, the cumulative number of bank cards issued reached 6.37 billion. According to the total population of 1.38 billion in the Mainland at the end of 2016, the number of bank cards held by each person was nearly 5, and the cumulative number of live cards. Only 4.18 billion, "sleeping cards" 2.19 billion, already accounted for 1/3. In other words, the number of "sleeping cards" held by each person is basically two.
Everbright Bank Credit Card Center said that the existence of the sleeping card has occupied a large amount of bank resources for a long time, which is one of the reasons for the bank to levy a small account management fee. From the perspective of cost, it is inevitable to clear the sleeping card. However, this requires a lot of work, especially the cardholder's cooperation, so as not to cause unnecessary disputes, so it takes a long time to deal with the sleeping card.
For criminals, the magnetic stripe card issued earlier is the source of criminal information. According to the report of the Banking Association, with the rapid development of third-party payment services, some third-party organizations have outstanding problems such as retaining bank card magnetic stripe data. Obtaining these magnetic strips, which record important information such as cardholder ID cards, has become an important means of criminals.
At present, bank card trading has formed a black industrial chain, and a complete set of bank cards can be sold for thousands of yuan. These cards will cause great trouble to users in the hands of criminals. For example, criminals use bought bank cards for money laundering, fraud, and so on.
Will bank cards that have not been used for a long time be automatically cancelled?
Insiders explained that last year, the central bank issued the No. 261 document, requiring banks to clean up the situation of the same depositor's large number of accounts, requiring depositors to make explanations and verify the rationality of their account opening. For the inability to verify the reasonableness of account opening, the bank shall guide the depositor to cancel or merge the account, or take measures such as reducing the account category, so that the depositor can use the account classification mechanism to reasonably store funds and protect the security of funds. All banks should not rush to sell cards, but need the cooperation of cardholders to avoid unnecessary disputes.
Especially when handling bank cards, if certain services are bound, such as wages, withholding, precious metals, wealth management services, etc., which involve third-party services, the bank does not have the right to automatically cancel the account. Customers must go to the counter to personally handle the cancellation.
Multiple banks investigate tax-related information for high-net-worth clients
In addition, according to the arrangements made in the “Measures for the Management of Dutiful Information on Tax Information in Non-resident Financial Accounts†officially implemented on July 1, the state-owned large bank has successively announced the initiation of due diligence on tax-related information on the inventory of non-resident financial accounts.
CCB, ICBC and ABC recently issued an announcement on the official website to announce the initiation of due diligence on tax-related information on individual non-resident financial accounts. In addition to the earlier Bank of China, the four major state-owned banks have initiated due diligence.
According to the announcement, banks will carry out due diligence work on the stock of individual high-net-worth clients (as of June 30, 2017, with a total balance of more than $1 million in financial accounts). If it has a non-Chinese tax resident status and has opened a deposit account, bank card account, savings treasury-voucher (cash purchase) account or other account of the “Administrative Measures†requiring due diligence before July 1, 2017 It is necessary to cooperate with the bank to complete and sign the corresponding tax resident identity statement before December 31, 2017. Customers can go to any of the bank's business outlets or fill out and sign the declaration documents through the bank's official website, online banking, mobile banking, WeChat public account and other electronic channels.
In addition, ICBC requires low net worth individuals to complete the statement. The bank said that low-net-worth customers need to complete the declaration documents by December 31, 2018 (inclusive).
Reminder: You should do this when dealing with idle cards!
The section chief suggested that you should not wait for the bank to contact you! The best way is to take the initiative to go to the bank outlet to cancel the logout. After the teller confirms the account cancellation, the card is first trimmed. After about one month, the card will be sold.
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