Will the Bank of Communications deduct the mortgage twice if it is insufficient? The answer is as follows.

After the mortgage repayment date arrives, the bank will deduct money from the bank card designated by the lender for repayment, which is automatically deducted by the system. Many people receive a short message from the bank that the deduction failed on the repayment date because there is not enough money in the bank card for repayment.

will the bank of communications make a second deduction if the mortgage deduction is insufficient?

Bank of Communications will deduct the mortgage twice if it is not deducted enough. On the repayment date, the bank will arrange multiple deductions, usually once in the morning, once in the afternoon and once in the evening. If the first deduction fails, the bank will send a short message to remind you that if the repayment date fails many times, once it is defined as overdue repayment, it may affect personal credit information.

The Bank of Communications stipulates that banks that have not paid back their own loans in loans overdue, such as housing commercial loans, will make a daily deduction. As long as there are funds in the card, the bank will initiate the deduction for three times every day at around 3: am to 5: am, around 18: pm to 2: pm and around 21: pm at the end of the day.

if more than one repayment account is set, the bank will deduct the money in batch according to the order of the repayment accounts registered at the time of lending, until the full amount is deducted. If you repay the provident fund in loans overdue, you need to contact the loan bank or the provident fund management center.

it is recommended to deposit repayment funds in the repayment card before the loan repayment date. If the balance is not enough after three deductions on the same day, the subsequent deductions will be initiated at the above time points every day. You can check the specific repayment date and amount through the loan repayment schedule.

The official reminder of Bank of Communications: Overdue mortgage repayment will affect personal credit information. If the above rules are inconsistent with the loan contract, please refer to the contract.