What does it mean to open an account by lump sum and withdrawal?

Bring your ID card to the bank savings office and you can open an account by stages, that is, open an account at the bank. Installment deposit cannot be made in advance, but it can be postponed for one month. For example, if the user has no money this month, they can deposit it together for two months next month, but the amount of deposit each time is stipulated and cannot be changed. He wants to deposit it twice and go through two formalities.

Installment withdrawal refers to a kind of savings method of monthly fixed deposit with agreed term and one-time withdrawal of principal and interest at maturity. Generally speaking, the deposit starts at five yuan per month. The deposit term is divided into one year, three years and five years. The procedure of opening an account is the same as that of current savings, but it needs to be renewed every month according to the amount at the time of opening an account. The procedures for depositors to withdraw in advance shall be handled with reference to the relevant procedures for lump-sum withdrawal of time savings deposits. Generally, the deposit starts at five yuan and is made once a month. If there is something missing, it should be made up next month. Interest is calculated according to the actual deposit amount and the actual deposit period. Please refer to the interest rate table for specific interest rate standards.

Features of lump-sum deposit and withdrawal:

1. Every little makes a mickle. You can "force" your own deposits and cultivate financial habits, which is suitable for those deposits with fixed income but little savings.

2. It can be withdrawn in advance. The minimum deposit is 5 yuan. The second deposit amount can only be the fixed deposit amount at the time of opening an account, which cannot be changed or omitted. If there is any omission, it shall be filled in the next month, but the cumulative number of omissions shall not exceed 2 times. If the account is omitted for more than 2 times (inclusive), the subsequent deposit amount shall be calculated according to the current account.

Procedures for lump-sum deposit and withdrawal:

1. When opening an account with a valid identity document, depositors need to agree with the bank on the monthly deposit amount and deposit term.

2. The lump-sum deposit can be pre-stored (the number of times is uncertain) and missed (if there is any missed deposit, it should be replenished in the next month, but the number of missed deposits should not exceed 2 times). The deposit amount after the account is omitted twice (inclusive) is calculated as demand deposit. When the account amount is equal to the amount to be deposited, deposit is not allowed. Partial early withdrawal is not allowed.

3. Effective identity documents are required for early withdrawal, but partial early withdrawal is not allowed.

4. The depositor may agree to automatically contribute to the installment account, that is, when opening the installment account, the depositor designates a current deposit account and automatically deducts the corresponding amount from the current account to the installment account every month; Customers can also add or cancel agreements or modify designated contribution accounts at any time during the deposit period.