About bank transfer, what happens if I receive a successful transfer message but the actual money does not arrive?

When transferring money between banks, the text message you receive is a text message from the payer's bank, which does not mean that the payee actually received the money. The paying bank must send the transfer information to the People's Bank of China or UnionPay, and then deposit it into the payee's bank account. This process has a low probability of problems and failure to arrive.

Bank transfer settlement refers to a currency settlement method that directly transfers funds from the bank account of the paying unit (or individual) to the bank account of the receiving unit (or individual) through the bank without using cash.

According to the provisions of the Bank Settlement Measures, except for those that can be settled in cash as stipulated in the "Interim Regulations on Cash Management", all commodity transactions and transactions between enterprises, institutions, agencies, groups, troops, etc. The supply of labor services, capital allocation, credit transactions, etc. should all be settled by transfer through banks in accordance with the provisions of bank settlement methods. The reason why the state encourages the implementation of bank transfer settlement is because:

(1) The implementation of bank transfer settlement is conducive to the country's regulation of currency circulation. Implement bank transfer settlement and replace cash circulation with bank credit receipts and payments, so that only businesses below the settlement starting point and within the scope of cash expenditures can use cash for economic transactions between units, narrowing the scope and quantity of cash circulation, making A large amount of cash is out of circulation, thus creating conditions for the country to organize and adjust currency circulation in a planned manner to prevent and suppress inflation.

(2) Implementing bank transfer settlement will help speed up the turnover of materials and funds. Bank transfer settlement is achieved through centralized clearing of funds by banks. The bank transfers funds directly from the paying unit (or individual) to the receiving unit (or individual) by using various settlement vouchers and bills on the bank account. Regardless of the size of the payment, whether it is complex or simple, and regardless of the distance, as long as it is settled during settlement Above the starting point, all can be handled in a timely manner through banking institutions. The procedures are simple, eliminating the need for payment transportation, counting, custody and other procedures when using cash settlement. It is convenient and fast, thus shortening the liquidation time and accelerating the turnover of materials and funds.

(3) Implementing bank transfer settlement will help gather idle funds and expand the sources of bank credit funds.

Due to the implementation of transfer settlement, temporarily unused funds of each unit are deposited in their bank accounts, and these funds become one of the important sources of bank credit funds. In addition, when transfer settlement is implemented, during the settlement process of each unit, the paying unit has paid, but the voucher is still being transferred, so the receiving unit has not yet entered the account. The funds in transit formed in this way are also a source of bank credit funds.

(4) Implementing bank transfer settlement will help banks supervise the economic activities of various units. Transfer settlement is implemented. Most of the income and expenditure of each unit are settled through banks. By centrally handling transfer settlements, banks can comprehensively understand the economic activities of each unit, supervise each unit's conscientious implementation of financial disciplines, and prevent the occurrence of illegal activities. , Promote all units to better comply with financial laws and regulations.