ICBC's online bank transfers money to Shanghai Pudong Development Bank, prompting that "the payee's bank cannot accept this transaction". Why? What do you mean?

The key to the success of inter-bank transfer lies in the entry of transfer bank and transfer bank.

The payee's bank can't accept it, which means that Shanghai Pudong Development Bank didn't set the function of accepting remittance or transfer when designing this bank card. Once the money information reaches Shanghai Pudong Development Bank through the UnionPay channel or the central bank's large and small system channels, the system of Shanghai Pudong Development Bank will refuse to enter after screening, and the money will naturally not enter this Shanghai Pudong Development Bank card. At the same time, Shanghai Pudong Development Bank will hang this income item on a big account for processing, and finally return it to ICBC, which will show you the information of remittance failure. However, this process is completed instantly through electronic settlement channels.

Of course, it does not rule out that remittance refund may also be caused by poor channels due to the upgrade or maintenance of Pudong Development Distribution System.