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Cross-bank Cash Concentration

Cross-bank Cash Concentration is a fund settlement service that our bank provides to transfer your money in other banks to our bank. It can be concentrated manually and automatically. The customer of automatic concentration can setup the transferring conditions in advance, and the system will automatically perform the transfer operation in the set time.
Cross-bank Cash Concentration can provide you with multi-mode, multi-periodic automatic fund concentration management function. The time can be adjusted to be 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, which can save time and labor.
2.Free concentration  to  save your cost
All transactions of fund concentration are exempted from handling charges, which can greatly reduce consumers' cost to transfer 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
The large-sum concentrated fund of over 50,000 Yuan can be split up automatically which can avoid repeated operations.
5.The 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 you designated account in real time, which can enhance the fund utilization efficiency.

Service Charges
The concentration transaction is exempted from handling charges for the moment.
Application and Approval Process
Through the online banking inter-bank account management, you can sign the contract of other banks’ account enquiry and payment, and then you can manually concentrate fund, and set up the conditions of inter-bank fund concentration to realize automatic concentration.

Service Paths
The customer needs to sign the contract of other banks’ account enquiry and payment through online banking U Key, and conducts fund concentration operation through Online Banking and Mobile Banking.

Tips
1.You can set up  your account in other banks, others’ account in other banks, your account in our bank, and others’ account  as concentration account in our bank. Others’ account in our bank can be authorized by the Online Bank Merchant Edition.
2.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 meets 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.
3.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.
4.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”.
5.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 setup.

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