What is the impact of the downward adjustment of online trading volume of personal accounts?

What is the impact of the downward adjustment of online trading volume of personal accounts?

What is the impact of the downward adjustment of online trading volume of personal accounts? It is generally believed in the industry that the bank's downward adjustment of the online related business transaction limit of personal accounts is another upgrade of the bank's management and control of personal accounts against risk events such as telecom fraud. What is the impact of the downward adjustment of online trading volume of personal accounts?

What is the impact of lowering the online transaction amount of personal accounts? On April 1, 12, "Several banks lowered the online trading limit of personal accounts" rushed to Weibo for hot search. Some netizens ridiculed, "It seems that it is time to consider taking some cash at home."

The reporter learned that in order to prevent telecommunication network fraud and other reasons, a number of banks, including Agricultural Bank of China, Shanghai Pudong Development Bank and China Everbright Bank, have successively issued announcements to reduce the online related business transaction limits of personal accounts, including online transfer limits and online payment transaction limits.

In this regard, industry analysts said in an interview that the so-called limit is mainly for non-counter transactions and does not affect users' normal withdrawals and counter transfers. In fact, if subsequent users feel that the quota is not enough, they can also apply for quota adjustment at the outlets. "The adjustment of each bank is different, and even the adjustment of different regions of the same bank will be different. However, you can generally apply for quota adjustment. If you can't go to the outlet for quota adjustment due to special circumstances, you can also call the bank. "

The bank adjusted the limit to 6,543,800 yuan.

The reporter noted that banks have different performances in terms of specific adjustment scope and details.

On April 12, Shanghai Pudong Development Bank Hangzhou Branch issued an announcement to adjust the non-counter business limit of personal bank settlement accounts. Previously, Shanghai Pudong Development Bank Chengdu Branch, Changsha Branch and Fuzhou Branch all issued similar announcements, which will appropriately adjust the non-counter business limit of personal bank settlement accounts according to the account usage.

On April 9, Longhai Rural Commercial Bank issued the Announcement on Batch Adjustment of Off-counter Business Limits of Personal Settlement Accounts in Stock, which will set different levels of off-counter business limits (not limited to over-the-counter trading and collection business) mainly with reference to personal information (age, etc.) after classifying the risks of the accounts. ) customer reservation, payment and receipt transaction amount, transaction number and account balance in the last six months. The specific adjustment start time is April 20, 2022.

On April 2nd, Agricultural Bank of China announced that it would adjust the personal online banking and bank transfer limits of some customers in the near future, mainly to ensure the safety of customers' accounts and funds and prevent telecom fraud. However, the announcement did not mention the specific adjustment area, user type and adjustment details.

In addition, China Everbright Bank Credit Card Center announced on March 24th that the online payment transaction limit will be adjusted from May 12, 2022. It mainly includes online payment transactions, that is, payment transactions that you consume through various online trading channels and complete through the payment platform of China Everbright Bank. The default single limit and single-day limit for online payment transactions are uniformly adjusted to 65,438 yuan+0,000 yuan this time.

According to the announcement issued by the bank, the main reason for the adjustment is to implement the requirements of the People's Bank of China on classified management of personal accounts, prevention of telecom fraud, backwashing Q and prevention of telecom network fraud.

In fact, in recent years, with the rapid development of the Internet economy and telecommunications industry, telecommunication network fraud cases are at a high incidence stage.

According to the Statistical Report on China's Internet Development released by China Internet Network Information Center (CNNIC), as of 202 1 and 12, 38% of netizens said that they had encountered network security problems in the past six months. Among them, the proportion of netizens who suffered personal information disclosure was the highest, accounting for 22%; The proportion of netizens who suffered from online fraud was 16.6%.

Wang Pengbo, a senior analyst in the financial industry of Broadcom Consulting, said in an interview, "In the case of frequent frauds and more illegal transactions, banks have also assumed many responsibilities of safety and backwashing Q. It is expected that elderly people who are vulnerable to fraud and users who have long-term abnormal accounts and are suspected of money laundering may become restricted objects."

Limited impact on users

A number of banks have successively adjusted the online trading quota of personal accounts, which has a great impact on users?

In this regard, a person from a joint-stock bank told reporters that from the payment amount, transaction number and daily retail transaction volume in recent years, the limit of each bank has limited impact on ordinary customers. This move is mainly to prevent the risk of property losses to customers caused by phishing websites, telecom fraud and money laundering violations. At the same time, the banking department will dynamically adjust the limit according to the market transactions, and a few customers can apply for reasonable large transactions at designated outlets.

The reporter also noticed that while adjusting the online transaction limit of personal accounts, the bank also said that customers can bring valid identity documents and bank cards to any branch of the bank if they need to increase the online transfer limit. Due to local regulatory requirements, some areas may need to provide other supporting documents.

In this regard, many netizens said that they recently received a short message notice from the bank about the adjustment of the non-counter quota.

"Although the bank also reminded that if there is an excess transfer demand, you can apply for a quota at an offline outlet with your ID card. But for those who love online shopping, they still feel a little troublesome. " A netizen expressed the hope that banks can try to take into account the convenience of users' transactions and prevent risks.

Wang Pengbo believes that large transfers will be inconvenient, but the security will be more secure, and the losses will be much smaller in the event of fraud. In terms of security, it is expected that banks will make more efforts in financial technology in the future to improve the level of technical prevention and control, while users should avoid their accounts being used by money laundering platforms and raise their awareness of fraud prevention.

What is the impact of lowering the online transaction amount of personal accounts? Recently, many banks, such as China Everbright Bank, Agricultural Bank of China and Shanghai Pudong Development Bank, issued announcements to reduce the online transaction limit of personal accounts, including online transfer limit and online payment transaction limit. According to the safety tips, the main purpose of this adjustment is to prevent telecommunication network fraud.

According to the announcement of the Agricultural Bank of China, in order to ensure the safety of customers' accounts and funds, the transfer limits of some customers' personal online banking and pocket banking will be adjusted one after another. If you need to increase the online transfer limit, you need to bring your valid ID card and bank card to the bank outlet.

The Credit Card Center of China Everbright Bank suggested that the online payment transaction limit should be adjusted from May 12, 2022. For online payment transactions, that is, payment transactions that are consumed through various online trading channels and completed through the payment platform of China Everbright Bank, the default single limit and single-day limit are uniformly adjusted to RMB 65,438+00,000. Users can independently modify the online payment transaction limit through the "transaction limit setting" of Sunshine Life APP and customer service channels.

A number of branches of Shanghai Pudong Development Bank also issued an announcement on adjusting the non-counter business limit of personal bank settlement accounts, saying that the non-counter business limit of personal bank settlement accounts will be appropriately adjusted according to the account usage.

At present, online banking services such as online transfer and online payment have been widely used by users. It is generally believed in the industry that the bank's downward adjustment of the online related business transaction limit of personal accounts is another upgrade of the bank's management and control of personal accounts against risk events such as telecom fraud. However, how to strike a balance between the security of funds and the convenience of users is a key issue for banks.

What is the impact of the downward adjustment of online trading volume of personal accounts? In order to further strengthen the management of personal bank accounts, recently, many banks, such as China Everbright Bank, Shanghai Pudong Development Bank and Agricultural Bank, announced that they would reduce the transaction limits of personal accounts related to online business, mostly involving online transfer limits and online payment transaction limits.

For example, the announcement of official website of China Everbright Bank shows that in order to improve customers' card experience and give consideration to safety and convenience, the online payment transaction limit will be adjusted from May 12, 2022. For payment transactions that users consume through various online trading channels and complete through the payment platform of China Everbright Bank, the default single limit and single-day limit will be uniformly adjusted to 6,543,800 yuan.

The announcement of the Agricultural Bank of China also mentioned that telecommunication network fraud has occurred frequently recently. In order to ensure the safety of customers' accounts and funds and implement regulatory requirements, the Bank has adjusted the personal online banking and bank transfer limits of some customers.

In addition, Shanghai Pudong Development Bank Chengdu Branch, Changsha Branch, Fuzhou Branch, Longhai Rural Commercial Bank and other institutions recently issued the Announcement on Adjusting the Counter Business Limit of Personal Bank Settlement Accounts, saying that the counter business limit of personal bank settlement accounts will be appropriately adjusted according to the account usage.

As for the reasons for the adjustment, many families also mentioned that it is related to preventing telecommunication network fraud.

For example, the customer service staff of Shanghai Pudong Development Bank previously said that this measure is mainly to further implement the requirements of the People's Bank of China on classified management of personal accounts, prevention of telecom fraud and Q backwashing.