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Is it safe to open the SMS notification service of online merchant bank?
It is safe to open the SMS notification service of online merchants' banks. According to relevant information, as a formal private bank approved by CBRC, online merchant bank is very safe and compliant. In China, all bank deposits of less than 500,000 yuan can be protected by the Deposit Insurance Ordinance. Similarly, the deposit business of online merchant banks also enjoys the same protection. With the deposit insurance regulations, the deposit safety of state-owned banks and private banks is the same.
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