China Everbright Bank Mobile Banking Transfer Limit

The transfer limit of China Everbright Bank's mobile banking is divided into two situations:

1. There is no restriction on the transfer between our own accounts;

2. Other people's accounts and inter-bank transfers of the Bank:

1) The transfer limit of mobile phone dynamic password version is 50,000 yuan/day;

2) The transfer limit of Sunshine Token Edition is 500,000 yuan/day.

1. When transferring money by mobile banking, the system defaults to set the daily cumulative foreign transfer limit of 500,000 yuan, 50 transactions and the annual cumulative foreign transfer limit of 20 million yuan;

2. The limit of external transfer within 3 days after the opening of mobile banking is 5000 yuan/day, which cannot be modified.

Risk analysis of mobile banking

First, technical risks. Including identity authentication, smart phone client management, network transmission environment security and other risks. In terms of identity authentication, mobile banking generally uses SMS authentication, reservation code verification and reservation information verification. Due to the weak security awareness of customers and frequent interpersonal communication, there is a risk that passwords will be cracked or stolen. In the client/client management of smart phones, users will not be required to conduct a comprehensive inspection of the security of newly installed software when downloading new mobile phone software, which has caused security risks to mobile banking to some extent. However, the security problem of network transmission environment, that is, stealing customer data through phishing WiFi sites and communication interception, also exists in mobile banking. The stability and reliability of the operator's network link has become an important factor affecting the safety of customers' funds and the reputation of operators.

Second: agency risk. In the two modes of mobile banking, there are retail agents who directly contact customers as intermediaries, and there may be incidents such as agent's operational mistakes, cash theft, identity theft and agent fraud, which will bring security risks to mobile banking.

Third: the risk of electronic money. Electronic money faces credit risk. Once the encryption system is illegally cracked, fake electronic money will flood the Internet market, and people's trust in electronic money will be greatly reduced. Therefore, electronic money may face a credibility crisis. Electronic money will also affect the ability of fire bank to control currency issuance, thus affecting the implementation of monetary policy. In addition, there are liquidity risks in electronic money, such as mobile operators and other non-bank entities misappropriating customers' funds for high-risk investment, which leads to insufficient liquidity and damages customers' interests.

Countries all over the world have made a series of regulations on the risks of electronic money: if electronic money is issued by the South Bank, the temporary management institution needs to monitor the funds corresponding to the stored value or unpaid funds, which is an important content of bank prudential supervision. In the non-bank-led mode, mobile operators open virtual accounts for customers, and customers directly establish contractual relationships with mobile operators. In this case, electronic money is less regulated. Even if the regulatory authorities require suppliers to deposit customers' pre-deposited funds in banks, they can't completely guarantee the safety of customers' funds. In case of risk, customers can claim compensation from suppliers, but not from banks.