What procedures are required for a one-time withdrawal of 50,000?

As a financial worker, different banks have different reservation standards for withdrawals. Generally, banks require reservations for withdrawals of more than 50,000 yuan; some banks require different reservation standards, such as Agricultural Bank of China and Industrial and Commercial Bank of China. Bank reservation standards are generally 200,000 (inclusive) and above; China and Construction Bank are 100,000 (inclusive) and above, but the ID card of the person who withdraws the money must be presented at the same time.

Some people may not understand that banks require an appointment in advance to withdraw more than 50,000 yuan. They think that deposits are voluntary and withdrawals are free. Why do banks have to make an appointment?

It should be noted that this is not because the bank deliberately makes things difficult for depositors, because banks have different operating outlets, the deposit scales of different outlets are different, and the reserve funds prepared in business funds are also different; how much or how little? . And if cash is needed without prior reservation, it is possible that after the deposits are withdrawn by several large customers, the operating reserve funds of the bank branches will be exhausted, affecting the normal business operations. Therefore, based on this, the bank must require depositors who withdraw large deposits to make an appointment with the bank in advance so that the bank can be prepared and report to the bank's head office before the end of the day, so that when the position is escorted the next morning, it can be reported to the institution's branch Increase deposit reserve cash to ensure that depositors need to withdraw large deposits without affecting the normal business operations of bank branches for other depositors.

Therefore, as a customer, you should learn to think differently and understand the bank's difficulties. Through mutual understanding, both parties achieve harmony and harmony in banking work and customer withdrawals.

The key point of making an appointment is not whether it is a regular deposit or a current deposit, but how much cash the depositor wants to take away.

Many people don’t understand banks’ reservations for withdrawals. They think that you don’t need to make an appointment when depositing money, but you need to make an appointment to withdraw money. Does the bank deliberately not want to withdraw money? Let’s first figure out what the purpose of the appointment is.

The purpose of making an appointment is to let the bank know that the depositor wants to withdraw money, and the bank should prepare cash in advance to avoid being unable to withdraw money due to insufficient cash on hand.

Some bank branches require reservations for cash withdrawals exceeding 50,000 yuan, and some require 200,000 yuan, or other standards. This depends on the size of the outlet and the size of the business volume. The scale is small, the business volume is small, and there is not much cash on hand, so the starting point for reservations is low.

If there is no appointment for withdrawal and the bank is not prepared, it may not be able to collect enough cash to give to depositors. After making an appointment in advance, the bank knows which customers want to withdraw large amounts, and will prepare cash in advance and use it exclusively for whoever makes the appointment. Therefore, it is necessary to make an appointment in advance.

If there is no reservation, will it be impossible to withdraw money? Not necessarily. The system is a system, and it must be implemented in a humane manner. Whether you can withdraw it or not depends on whether the outlet has money. If the branch has sufficient cash, depositors can still withdraw money even if they do not make an appointment.

When there are insufficient funds and depositors are eager to use the money, banks will also find other ways to meet the needs of depositors. Some take the initiative to contact other nearby outlets, and some transfer funds to higher-level banks.

So, making an appointment is not the purpose, but getting money is the purpose.

I focus on financial content related to banks and close to life. Welcome to follow Blog Post Micro Finance!

When you see the scheduled withdrawal, do you think it is troublesome? In fact, there is no complicated procedure for making a scheduled withdrawal. Just call in advance to inform you before withdrawing money. According to previous regulations, if a one-time withdrawal reaches more than 50,000 yuan (including 50,000 yuan), you need to make an appointment with the bank in advance. The purpose is for the bank to ensure that there is enough cash to pay the customer.

However, not all banks have such regulations. Many past habits and conventional regulations are constantly changing with market competition. Just like large state-owned commercial banks basically will not make reservations for 50,000 yuan. But in some places, small and medium-sized banks may not have much inventory if you don’t make an appointment in advance, so your trip will be in vain.

I personally think that whether you need to make an appointment or not, you can tell your deposit bank in advance. It doesn’t take much effort to make a phone call anyway, or find out in advance what the requirements are for the bank where you deposit money.

Many people don’t understand. Will the bank not have 50,000 yuan in cash? In fact, the purpose of banks to attract deposits is to lend, and the cash on hand every day is mainly set according to needs, and the liquidity of funds should be improved as much as possible, so as to improve the efficiency of the bank.

In short, it depends on the respective regulations of each major bank. Some major banks even require an appointment for one-time early withdrawal of large-denomination certificates of deposit of more than 200,000 yuan.

The People's Bank of China stipulates that reservation is required for 200,000 yuan.

The amount below this depends on the inventory status of each bank outlet. Under normal circumstances, 50,000 can be withdrawn directly, as long as there are not too many people withdrawing large amounts of cash that day.

So it’s best to make a reservation in advance so that you can take it out when it expires.

Everyone knows that under normal circumstances, you do not need to make an appointment in advance to make a deposit in a bank. After all, banks are currently very short of deposits, so whether you make an appointment or go directly to the bank, the bank is very welcome.

But when your deposit expires and you want to go to the bank to withdraw the money, if the withdrawal amount exceeds 50,000 yuan, many banks may require an appointment in advance.

After seeing this, I guess many friends don’t quite understand. Our country implements a savings policy of voluntary deposits and free withdrawals. Logically speaking, this money belongs to the user. When the deposit expires, the user goes to the bank to withdraw the money. It is normal to withdraw money, so why does the bank need to make an appointment in advance if it exceeds 50,000 yuan?

There are two main reasons for this problem.

No.

First, banks don’t have that much cash. In many people's impressions, banks deal with money, and there should be a large amount of cash stored in the bank. Users can withdraw money at will no matter when they go to withdraw money, but in fact this is not the case.

For safety reasons, banks generally manage cash very strictly in daily operations. Under normal circumstances, the cash stored in an ordinary branch is generally between 500,000 and 1 million. It will put too much, except for those outlets with relatively large traffic.

There are several main considerations in why bank branches do not store large amounts of cash.

1. Prevent the occurrence of unexpected situations such as robberies, which may cause too much loss to the bank.

2. The transportation and storage of bank cash require costs. At present, the cash collected by banks in daily operations will be transported to the vault of the central branch by cash transport truck on the same day, and the money will be transported here the next day. , it will cost a lot to go back and forth.

3. At present, there are not too many customers who actually withdraw cash. With the continuous development of electronic banking and third-party mobile payment, most people can now transfer and pay through electronic channels. Most of the people who withdraw cash from banks are elderly people, so banks' daily cash expenditures are relatively small, so they don't reserve too much cash.

Chapter

2. The need for large-amount cash management. According to the regulations of the Central Bank, users must report cash withdrawals of more than 50,000 yuan as large suspicious transactions. The reason why the central bank requires cash withdrawals of more than 50,000 yuan to be reported is mainly to prevent money laundering and other illegal crimes. generation of activities.

Therefore, in the daily business process, if a user withdraws more than 50,000 yuan in cash, the bank must report it. However, in order to improve efficiency, the bank cannot wait until the user goes to the bank to withdraw cash before reporting it. It needs to be verified, and only if there are no problems can the user withdraw cash. If there are questions about the verification and the system detects abnormalities in the user's transactions, the bank may need to report it to the bank's anti-money laundering center.

So in order to improve efficiency, many banks currently require users to make an appointment at least one day in advance for cash withdrawals exceeding 50,000 yuan. For example, the Industrial and Commercial Bank of China stipulates that the cash withdrawal amount should be between 50,000 yuan and 200,000 yuan. You need to make a reservation by phone one day in advance. If the amount of cash withdrawal exceeds 200,000 yuan on the day, you need to make a reservation by phone at least 1 to 2 days in advance. In addition, if the cash withdrawal amount exceeds 50,000 yuan, you must present a valid ID card.

It can be seen that under normal circumstances, whether it is to withdraw cash when the deposit expires or to withdraw daily current demand, as long as the cash withdrawal amount exceeds 50,000 yuan, most banks require an appointment in advance. Of course, different banks There will be different regulations. Some banks require an appointment only if the amount exceeds 100,000, while some banks require an appointment only if the amount exceeds 200,000.

And an appointment is not required at all times. If the bank has sufficient funds on the day and you are a VIP customer of the bank, the bank may handle it under special circumstances. If you need cash urgently, the bank will Arrange staff to verify the cash withdrawal. If there are no problems and the bank's cash reserves are relatively sufficient, it is possible to get it directly on the same day.

1. Amount of reservation

Currently, there are relatively few banks that set a requirement of 50,000 yuan. Most banks’ standards for large-amount reservations are 100,000 yuan and 200,000 yuan. The reason for setting this standard for large-amount reservations is mainly to maintain the normal operation of the outlets. Most bank branches have three to four external service counters, and the amount of cash at each counter is generally less than 1 million. Therefore, the daily cash amount of an outlet is generally more than 2 million. Once there is no large amount of cash, There are restrictions on withdrawals. If there are several large amounts in a row, the outlet will have no funds to operate (the fastest transfer will take the next day).

2. Will you not be allowed to pick up the goods without making an appointment? No!

This is absolutely wrong. In reality, no bank is so dull. If the bank branch has sufficient cash on hand that day (for example, it collects tens or millions of cash that day), if you want to withdraw it, the bank I wish I could, otherwise the outlets would have to count and bundle them and hand them over, which would increase the workload. If there is a serious cash shortage on that day (for example, during the New Year or when you are collecting pensions), then you may not be able to withdraw even 20,000 yuan, let alone 50,000 yuan.

So large-amount reservations are not static, but are based on actual actual conditions. Don’t imagine banks to be so rigid.

3. What should I do if I really need it urgently and are not allowed to take it?

1. Change outlets: Not every outlet will be short of cash;

2. Convert deposit certificates to cards: Migrate your time deposit certificates to the card and convert them to current deposits. If the amount is less than 60,000 (40,000 at the counter, 20,000 at the ATM); if it exceeds 60,000, as in the first point, go to two outlets to withdraw cash.

Chief Investment Officer Commentator Wang Tiantian:

Generally speaking, this is the case

But this is not a mandatory requirement for banks by the central bank and regulatory agencies. It is determined by the operational attributes of the bank itself

Different banks have different reservation quota standards

Why is this

The bank’s daily deposit settlement , is not included in the branch of this branch, but has to be handed over to the treasury. For example, the Bank of Communications branch below my home. For example, after closing today, the overall deposit received 2 million, then the branch only needs to ensure that it has hundreds of thousands of cash. The rest has to be handed over to the bank vault

So if no one needs to make an appointment for a large withdrawal, if 10 people come and each withdraws 50,000, the bank branch will have no money, and then the cash will be transferred from the vault. The procedure It is very cumbersome and the efficiency is greatly reduced

If you have a large deposit, such as more than 50,000 yuan, you must make an appointment at least one day in advance. The bank can leave more money for everyone to withdraw according to the appointment the day before< /p>

If it is a branch in the city center of a first-tier city, there may be more cash left, and there will be a reservation standard of 100,000 or even 200,000. Some small branches in counties may require 30,000 to 50,000. Make an appointment

When you want to withdraw a large amount of money, it is best to call the bank in advance to ask if you need to make an appointment, and make an appointment in advance to avoid being unable to withdraw money on the same day and delaying the matter.

Hello, in principle, you need to make an appointment, but in the following situations you can withdraw cash without making an appointment, so that you can use the funds conveniently and quickly in the future:

First: You have a deposit receipt Go to the bank to withdraw cash on the maturity date. If the amount exceeds 50,000 but is not too much, around one or two hundred thousand, if it is in the afternoon, the bank has already collected a lot of cash that day, exceeding their safety stock. Generally, they still I'll be happy to get cash for you. Of course, this situation depends on luck.

Second: If you have a bank card at the bank, you can ask the bank to deposit the principal and interest of the deposit certificate into the card, and use the card to withdraw 50,000 at the counter and 20,000 from the ATM. This is 70,000. If it is not too much, you can go to a few more banks and withdraw another 50,000 from each bank. This method is a bit stupid, but when you really need funds urgently, there is no other way.

Third: Similar to the second one, after withdrawing 70,000, you can transfer the money through your mobile phone to other bank cards in your own name, and then go to another bank to withdraw it. Similarly, you can withdraw up to 7,000. Wan, slightly more convenient than the second one.

Fourth: Of course, if you are an old customer of the bank, or a big customer, as long as the amount does not exceed 50,000, and the inventory allows, the bank staff will not be too rigid.

Of course, if you encounter a large cash withdrawal exceeding 50,000, it is best to make an appointment with the bank by phone to avoid delaying the use of funds.

Hello everyone! I am Longmenshan Finance, focusing on observation and analysis of banking, finance and social security.

Is it necessary to make an appointment to withdraw more than RMB 50,000 from a personal deposit or time deposit certificate? This is not necessarily the case. Different banks have different reservation standards for cash withdrawals, and even the same bank has different standards in different regions. This standard is mainly determined by the safety, efficiency and convenience of each commercial bank. There are no mandatory regulations by the People's Bank of China and the China Banking and Insurance Regulatory Commission.

01

Different banks have different reservation standards. Regardless of time deposits or current deposits, the general minimum reservation standard is 50,000. No reservation is required for deposits below 50,000, and you can withdraw money as you go. However, there are differences in the standards of large and small banks. For example, Rural Commercial Bank, Rural Credit Cooperative, Rural Cooperative Bank or Postal Savings Bank generally require an appointment for more than 50,000 (inclusive); among the four major state-owned banks, Agricultural and Industrial and Commercial Bank of China The reservation standard is generally 200,000 (inclusive) and above; for China and China Construction Bank, it is 100,000 (inclusive) and above. It can be roughly seen that the level of reservation standards also reflects the financial strength of a bank. Even in the same bank, economically developed areas have higher reservation standards than economically less developed or backward areas because of higher fund activity.

02

Why do we need to make an appointment for large withdrawals? As a bank, it is mainly based on three reasons.

1. Fund security. For example, the deposit balance of a physical branch can range from tens of millions to hundreds of millions, or even exceed 1 billion. If it is predicted that there will be 10% withdrawals every day, does it mean that we must prepare at least several million in cash? If we only talk about bills, the bank will definitely be able to get it, but in terms of security risks, this is absolutely not possible. Absolute safety cannot be guaranteed from the transportation from the vault to the outlets to the security capabilities of the outlets. In addition to the country's shareholders, the bank's money belongs to the depositors, and no mistakes are allowed. Safety and security are always the first priority in the bank's work, and only safety can produce benefits.

2.

Effectiveness of funds. In the eyes of most people, banks’ profits mainly come from loans and intermediary business income, and that’s right! However, the benefits brought by deposits cannot be underestimated. This is particularly prominent in economically backward areas and banks with lagging business development. Depositors' deposits require interest payments for banks and are a liability. In addition to loans that can achieve interest rate spreads and earn profits, statutory deposit reserves, excess deposit reserves, and interbank deposits can also narrow interest rate spreads and earn profits. Among them, the interest rates given by the People's Bank of China for statutory deposit reserves and excess deposit reserves are roughly 1.62% and 0.72%, and the interest rates for interbank deposits are even higher. Therefore, every bank will rack its brains in cash inventory planning, be careful with calculations, and reduce non-interest-bearing funds to a minimum. With less cash on hand, outlets are also stretched thin.

3.

Convenience is mainly aimed at savers. If there is no certain convenience in withdrawing money, it will not only affect the bank's reputation and lose depositors, but will also be contrary to the "freedom of withdrawal". In the long run, it will also be subject to regulatory accountability. Therefore, the bank will once again combine safety and efficiency to formulate a reasonable cash limit for first-level branches. This behavior will eventually be transmitted to the branches, and a maximum limit for cash on hand will also be set. This limit is different for each region and even each outlet, and it is dynamic. This is why even if it is the same bank, the cash abundance of each branch is different.

03

How to make a reservation? Mainly pay attention to the following points:

1. You can make an appointment by phone or at the counter. But it must be at least one day in advance, and preferably in the morning, because each outlet reports the cash plan one day in advance and has a specified time. After this time, no further reporting is allowed.

2. In addition to guaranteeing your name, ID number and card number, the funds must be in place. Reservations cannot be made if the funds are not in place, except for deposit certificates and passbooks.

3. You need to be trustworthy when making an appointment, and you cannot break the appointment easily, otherwise you will be in trouble next time you make an appointment, you know.

04

Tips for solving reservation problems.

1. Be adaptable.

If it is limited to 50,000, it will be 4.9, if it is limited to 100,000, it will be 9.9, and if it is limited to 20W, it will be 19.9! If there are any deficiencies, the ATM can solve them on its own, so don’t embarrass yourself.

2. Divide into parts. The limit is for one account. If the amount is too large, it can be spread across multiple accounts. It can be yours or your family's. As long as the bank has money, it can be processed.

3. Use cash as little as possible for settlement, it’s better to transfer money! No hand cramps, no fear of misuse of money, fast and safe, no need to pretend to be rich, real rich people do not carry cash.

Okay, that’s it for today. Continue to pay attention to Longmenshan Finance and share wonderful financial knowledge with you every day!

The answer to your question can actually be divided into two parts. The first part is about converting time deposits into current deposits, and the second part is how to withdraw money after converting into current deposits. I will follow these two parts below. answer.

1. If you want to convert a bank's time deposit into a current deposit, the bank has no restrictions. Users can go to the bank to convert the original time deposit into a current deposit at any time, but after converting it to a current deposit, the user will You cannot enjoy the interest of the original time deposit. Most banks stipulate that time deposits can be withdrawn before maturity, and the deposit will be calculated according to the bank's current interest rate. Of course, some banks' time deposit products have a phased interest calculation method. If a certain period is reached, , the interest accrued within this period can be calculated according to the agreed interest accrual.

2. The second part is the issue of current withdrawals. According to bank regulations, if you withdraw more than 50,000 yuan in a single day, you need to make an appointment in advance, and you need to designate which branch to make the withdrawal. Why do you need to make an appointment in advance? ? Because the cash at each bank outlet is applied for based on daily needs, bank outlets do not store large amounts of cash. Therefore, if the withdrawal exceeds 50,000, the bank will refuse to withdraw money to the user without making an appointment in advance. Therefore, if you want to withdraw more than 50,000 yuan, you need to make an appointment with the withdrawal outlet in advance and report the relevant amount to the bank in advance. The bank will record the cash during position management to ensure that you can Got the money the same day.

Withdrawal of time deposits will still be restricted by various bank policies. Therefore, before withdrawing money, it is recommended to communicate with bank counter staff in advance and determine the relevant operations before going to the bank to ensure that the time deposit can be withdrawn. Removed smoothly.

Legal basis:

Article 29 of the "Commercial Bank of the People's Republic of China" Commercial banks handling personal savings deposits shall comply with the principles of voluntary deposits, freedom of withdrawal, and The principle of interest-bearing and confidentiality for depositors.

For personal savings deposits, commercial banks have the right to refuse any unit or individual to inquire, freeze, or deduct funds, unless otherwise provided by law.