The bank is going to merge and the depositors’ regular savings in the bank have not expired. What should the depositors do?

Banks are ushering in a wave of mergers and reorganizations. What should depositors do if they have no regular savings after bank mergers? Three situations.

Although bank mergers and reorganizations do not happen every day, they do happen often. When you make a deposit in a bank and prepare to withdraw the money after maturity, you find that this bank is no longer the bank. Are you confused about the bank where you made the deposit? What should I do with my deposit?

In fact, such a situation may be encountered frequently, but it does not happen every day. What will happen once it is encountered? In fact, there is no need to worry at all, because no matter how institutions merge and merge, your deposits can still be withdrawn in the new bank, and there will be no problem in repaying the principal and interest. There are three main situations:

The first If several banks merge to form a new bank, then this bank will take over all the claims and debts of the original bank, that is, all your deposits will be taken over by the new bank, and there will be no problems

Currently The most common situation is that several small banks are formed into a relatively larger bank, especially several prefecture-level banks are formed into provincial-level urban commercial banks.

What happened recently is that five small local urban banks in Shanxi merged to form Shanxi Bank and became a provincial urban commercial bank. The five small banks are Changzhi Bank, Jinzhong Bank, Jincheng Bank, Datong Bank, Yangquan Commercial Bank has been approved by the regulatory authorities on April 2, and all deposits of the five small banks have been taken over by the newly formed Shanxi Bank and will be responsible for redemption after maturity.

If your deposit is at Changzhi Bank, Jinzhong Bank, Jincheng Bank, Datong Bank, or Yangquan Commercial Bank, you may not be able to find these five banks after your deposit expires. To withdraw money from the newly established Shanxi Bank, you do not need to go to the bank to confirm the deposit, nor do you need to go to the new bank to transfer deposits. Instead, you can withdraw money directly upon maturity.

Similarly, on January 27 this year, the Liaoning Provincial Government announced that it would apply to merge and form a provincial-level urban commercial bank, Bank of Liaoning, by merging 12 relevant urban commercial banks in Liaoning Province. These 12 banks are speculated by the industry to be Dandong Bank, Fushun Bank, Benxi Bank, Anshan Bank, Yingkou Bank, Fuxin Bank, Liaoyang Bank, Tieling Bank, Chaoyang Bank, Huludao Bank, Panjin Bank, Yingkou Coastal Bank, etc. If your deposits are handled at these 12 banks, don’t worry. After the deposit expires, you can directly go to the newly formed Liaoning Bank to handle it. Even during the formation process, your deposit withdrawal will not be affected in any way.

The second scenario is that several local banks join forces to form a new local bank. The claims and debts of these banks will still not be affected, and your deposits can still be withdrawn upon maturity

In addition to the merger of several small local banks to form new provincial-level local commercial banks, in recent years, there have also been many mergers of small local banks to form local banks.

In September 2020, the original Tongshan Rural Commercial Bank, Huaihai Rural Commercial Bank, Pengcheng Rural Commercial Bank and Xuzhou Rural Commercial Bank merged and reorganized, and introduced two listed banks in Jiangsu Province, Wuxi Bank and Jiangyin Bank, as shareholders to establish a new bank. Xuzhou Rural Commercial Bank; on July 23, 2020, the Shaanxi Banking and Insurance Regulatory Bureau approved Shaanxi Yulin Yuyang Rural Commercial Bank and Shaanxi Hengshan Rural Commercial Bank to initiate the establishment of Shaanxi Yulin Rural Commercial Bank in the form of a new merger.

This is actually the reorganization of the original small banks into local commercial banks. Currently, this reorganization method is mainly rural commercial banks.

The essence of this kind of merger and reorganization between banks is the same as the merger and reorganization of several small local banks to form provincial commercial banks. In other words, all personal savings deposit businesses of the original bank will be All will be taken over by the new bank, and the new bank will be responsible for repaying the principal and interest when redeeming.

Therefore, even if there is a merger and reorganization between small banks, depositors do not need to worry about the redemption of deposits after maturity, because from historical experience and reality, new banks have to deal with The original bank deposits are responsible for repaying the principal and interest.

The third situation is that if the original bank was reorganized after bankruptcy, then your deposits may be more complicated.

In fact, what the public is most worried about is the bank. What to do after bankruptcy? This is the most worrying. Under normal circumstances, there will be two situations in the bankruptcy and reorganization of banks:

The first situation is that the original bank goes bankrupt first and then reorganizes. In this case, according to the current deposit insurance system in our country, personal savings deposits The principal and interest within 500,000 yuan are absolutely safe. Even if the new bank does not fully take over personal deposits in the future, the deposit insurance agency will pay full compensation; the part with principal and interest exceeding 500,000 yuan will generally be taken over by the new bank.

The second situation is that the original bank reorganizes first and then goes bankrupt. In this case, it is more complicated, because except for the insurance institution within 500,000 yuan that pays first, the remaining deposits will go through the bank liquidation meeting. Cash out. But under normal circumstances, due to my country's special concern for personal deposits, personal savings deposits are generally taken over by new banks. Therefore, although four banks have gone bankrupt so far, no savings deposits have been lost.

Perhaps we are facing an era of mergers and reorganizations of commercial banks. The only constant thing every day is change. For depositors, the biggest change may come from the fact that the bank where you deposit money today will be gone tomorrow. But if you change a bank, what will happen to your deposits? (Qijian) Bank merger

There are two common forms of bank merger: one is the merger of bank branches. For example, in a certain area, the same bank has three branches A, B and C. Due to the development of Internet finance, there are fewer and fewer customers going to branches for services, and the efficiency of a single branch is constantly decreasing. In order to control operating costs, the bank merged three branches ABC into one branch; although the official seal of the bank on your deposit receipt (Each branch has its own official seal) no longer exists, but it does not affect your ability to withdraw cash in the deposit receipt. After all, the bank where you deposited your money is still there.

The other is a bank that is poorly managed and is merged and reorganized by others: for example, the recent Baoshang Bank, according to the "About the Transfer of Baoshang Bank Co., Ltd." recently issued by the People's Bank of China and the China Banking and Insurance Regulatory Commission. "Announcement on Related Business, Assets and Liabilities", Baoshang Bank Co., Ltd. will transfer the relevant business of each branch in the Inner Mongolia Autonomous Region to Mengshan Bank Co., Ltd., and transfer the relevant business of each branch outside the Inner Mongolia Autonomous Region to Huishang Bank Co., Ltd.

For banks that are merged and reorganized, the new bank will also assume its liabilities when receiving its assets (for banks, depositors' deposits are a liability), so the relationship between the merged bank and Time deposits, financial management, funds, etc. will be transferred to the new bank, and depositors can go to the new bank to withdraw money (don’t worry about not finding relevant information. Today’s technology is very advanced, and the data of the old bank can be directly embedded into the new bank. In the system, even if errors occur during data import, there are still manuscripts that can be queried). Summary

The merger of bank branches is a common thing, especially in recent years. Due to the development of Internet finance, the merger of bank branches has become more and more common; however, reorganization and mergers between enterprises are relatively rare, but No matter which one, the safety of depositors' funds can be guaranteed without having to worry too much.

Bank mergers will have no impact on depositors’ time deposits.

If a bank fails, it will have an impact on bank depositors' current deposits.

Bank mergers can expand the scale of banks, promote the scale development of banks in the city, and improve bank competition rates. Reduce bank risks and reduce bank costs. Promote the diversified development of banks.

Today’s banks are all commercial banks. According to national regulations, before a business merger, the merging company must repay the claims and debts of the original company. Those that cannot repay will not be merged. In other words, before the bank merger, the original bank is required to repay the deposits of its own depositors. Otherwise, the China Banking Regulatory Commission will not approve their merger.

If two banks merge, depositors' deposits are generally transferred to the new bank. The new bank accepts all the depositor business of the original bank. But you have to go to the bank to go through the change procedures.

So bank mergers have almost no impact on depositors.

Don’t worry too much about this! As long as depositors' money is deposited in the bank, it will not be lost. Even if bank branches merge or the bank is merged and reorganized by others, depositors' unexpired deposits are still fully protected! The merger of bank branches is a general trend

In recent years, with the vigorous promotion of online business, most obligations can be handled through bank APPs, and off-the-counter business has become more and more popular among customers!

At the same time, the business volume of bank physical branches has been greatly reduced, and it is difficult to achieve balance of payments. In order to control costs, banks will naturally choose to merge some offline branches in the same area. This should be regarded as the general trend and optimization. Combine it!

According to relevant data, in 2019, the six major state-owned banks reduced their physical outlets by 836 in one month. After entering 2020, the process of merging branches has accelerated significantly. As of May 4, the bank has closed a total of 801 branches!

Although the branches have been merged, the bank is still there. As long as it is the deposit of the bank, it will be responsible to the end! Banks that are not operating well will be taken over by other banks, merged and reorganized

In China, bank failure is basically impossible. Once a bank encounters operating difficulties, the most common solution is to be taken over by other banks, or even Be merged and reorganized.

For example, the business of the former Baoshang Bank was taken over by Mengshang Bank and Huishang Bank!

In this case, you can take the deposit receipt, passbook, and bank card from the original bank and go to the corresponding takeover bank to handle the withdrawal business.

Nowadays, network technology is so advanced that after a bank merger, as long as electronic data is imported, all customer information, whether it is deposits, financial management, loans, etc., will be completely transferred, and there will be no data problems at all. (There are manuscripts and backups). In short, no matter whether bank branches merge or are merged and reorganized by other banks, depositors' deposit data will not be lost. Just wait for the time deposit to expire and withdraw it at a new branch (or bank)!

A lot of mergers, withdrawals, relocations and cancellations of bank branches will happen in the past few years. You will know the number of financial institution operating licenses issued by the People's Bank of China every month, because according to regulatory regulations, as long as you evacuate your original address, your original financial institution operating license must be revoked, and as long as you have a new address, you must Apply for a new license.

Nowadays, economic activities are developed, especially the urbanization promoted by the state, which will cause great changes in cities every year. In this case, the original bank's business branches may need to be relocated and adjusted. At the same time, according to the continuous changes in business, some business outlets may be expanded, but some shrinking business outlets may be merged. In fact, the most important change is the advent of the mobile Internet society. The future development of banks will mean that there will be fewer and fewer offline business counters. Business can be moved to the Internet, so move it to the Internet. The combination of these three factors leads to frequent changes in the bank's business outlets.

Will the changes in bank business outlets affect the normal business processing of depositors? No, no, definitely not. Regardless of the final outcome of the bank's business outlets, as long as you want to move out of the original location, you must follow the procedures prescribed by the Central Bank and the China Banking and Insurance Regulatory Commission and complete the work step by step, otherwise you will be punished. Among them, it is required that relevant announcements must be posted in front of the bank counter six months in advance, and follow-up matters must be clearly explained. Then the customer can handle subsequent deposit matters according to the method described in the announcement.

If the time deposit you hold has not expired and the business outlet has changed after expiration, the bank's services are still very comprehensive. In fact, there are the following solutions.

1. Call the bank’s unified customer service hotline, and the bank’s customer service will tell you how to proceed, where to go, and the new contact information and phone number.

2. Many banks have fixed deposits and have opened deposit and withdrawal services. You can go to another branch of the same bank to withdraw funds after expiration. Does not affect normal rights and interests.

3. If you have applied for online banking or electronic banking, etc. If it is a fixed deposit card, you can withdraw and transfer it directly online. But if it is a certificate of deposit, you must go to an offline business outlet.

4. Find the old bank counter staff you are familiar with, or go to the original address yourself to read the announcement. According to regulations, after the relocation, the relocation announcement needs to be posted for several months to facilitate depositors to inquire and find new ones. address.

In the past, the general handling method of banks was as follows: if the branches were just relocated or merged, then all the original business would be taken over by the new bank branches. If the branch is cancelled, the bank will generally designate a bank branch to take over the business, or directly transfer it to the branch business department for processing.

Now there is no need to worry about the disappearance of these outlets. The easiest way is to call customer service.

There are two main forms of so-called bank mergers. One is the merger of the bank's outlets, and the other is the merger between banks, that is, mergers and reorganizations. However, both forms have a negative impact on depositors. Fixed deposits will not be affected.

Let’s first look at whether the merger of our bank’s outlets has any impact on depositors’ deposits. As we all know, commercial banks always aim to maximize profits. However, with the changes in regional economic development and industry competition, some physical branches will experience low production and efficiency, which is obviously not suitable for the need to increase production and efficiency. Therefore, the Bank The phenomenon of withdrawing and merging branches is very common, not only for local small and medium-sized banks, but also for large state-owned and joint-stock banks. The survival of the fittest is the survival of the fittest.

So, what about the deposits and other businesses of depositors at old outlets? Are they all required to take it out and have it reapplied? Obviously it is impossible, because this will cause the loss of depositors' interests and then damage the bank's credit. Each physical branch of the Bank is a branch and is not an independent legal entity. Instead, it has unified accounting under the leadership of the Head Office, and the system is networked.

Therefore, under the conditions of modern network technology, this merger is very simple and only requires one switch of all electronic data. In other words, all customer account information including deposits, loans, financial products, funds, etc. will be completely transferred to the new outlet. Therefore, as a depositor, there is almost no feeling. You can just follow the "withdrawal notice" and go to the new outlet to handle it. It turns out that it is a current deposit and it is still a current deposit. It turns out that it is a fixed deposit and it is still a fixed deposit. In short, it is just a change of office location, and everything else remains the same.

The mergers and reorganizations between banks are slightly different from the withdrawal of branches. In order to resolve the risk of a bank's failure, the international banking industry generally adopts mergers and reorganizations to minimize the impact. After all, banking financial institutions involve a wide range of areas and have great influence.

In mergers and reorganizations, the new bank usually takes over all the assets and liabilities of the old bank, and even considers the issue of employee recruitment. Under special circumstances, low-quality assets may not be received and may be packaged and dealt with by professional asset management companies. The shortfall will be compensated by the insurance fund to achieve the merger and reorganization intention of the new bank as much as possible; non-asset business, including deposit business, will In principle, all deposits will be transferred to the new bank and the original status of the deposits will be maintained. Current deposits are current deposits and term deposits are term deposits, that is, the interest rate and maturity time remain unchanged.

Of course, since the banks have changed their names, the final deposit certificates also need to be unified, but this is more flexible. For example, demand deposits may need to be changed even if the account is changed, but time deposits may be held until maturity. Changing accounts can also be done in a timely manner. But there is always one thing. Regardless of whether it is changed before or after, savers will not suffer any loss in interest. Therefore, even if the time deposit has not expired, you can still feel completely at ease and follow the new bank's rhythm rationally without any problems. You must trust the bank's credit and supervision.

If banks merge and your deposits have not matured, will your funds be at risk? Let’s take a brief look at it.

Depositors' time deposits in banks are personal legal assets and are protected by national laws. According to my country's deposit insurance regulations, as long as the bank does not go bankrupt, bank deposits will maintain principal and interest, and banks must pay them rigidly.

Bank merger does not mean bank bankruptcy. As long as your deposit bank is still operating normally, there is no risk for personal time deposits. If the deposit has not matured, if you go to the bank to withdraw it in advance, the bank will Settled with you based on current interest.

If your deposit bank goes bankrupt, according to the deposit insurance regulations, the deposit insurance fund will give priority to the principal and interest within 500,000 yuan in the bank, and the part exceeding 500,000 yuan will be paid first. Liquidation based on bank insolvency.

There are two possibilities for banks to merge. One is that your depository bank does not file for bankruptcy and is absorbed by another bank. In this case, your deposits will also be transferred to the merged bank, so There is no risk.

Another situation is that your deposit bank is merged and reorganized after bankruptcy. In this way, for you, there is no risk for the principal and interest of less than 500,000 yuan, and for the principal of more than 500,000 yuan, there is no risk. and interest, it will be liquidated based on the bankruptcy situation, and it is likely that you will have to suffer a certain loss.

It is very normal for banks to merge with each other, but no matter how the banks merge, depositors do not have to worry about their time deposits in the bank. So what should depositors do?

Faced with the imminent bank merger, depositors have only two ways to deal with it:

(1) Withdraw money in advance and deposit it in other banks

Because banks will issue notices before merging, inform each depositor on the relevant website or directly, and notify the bank of the merger via text message or phone call.

If depositors are worried about the safety of their deposits when this happens, they can withdraw their time deposits in advance to lose some interest and keep their principal safe. The money is then deposited in other banks for time deposits, which can completely avoid the uncertainty caused by bank mergers.

(2) Don’t worry about him and continue to make time deposits

Bank-to-bank mergers will be treated as a replacement of the banking system. It will have no impact on depositors and will have no impact on the safety of deposits. , let alone savers losing interest.

Therefore, depositors can completely ignore these deposits, as long as they know that the bank is merging, there will be no conflict with depositors.

Summary

When there is a merger between banks, there are only two ways to take unexpired time deposits. One is to take them out and deposit them in other banks; the other is to take them out without any operation. There are two ways to deal with this matter, such as continuing to deposit time deposits.

There is no need to worry about this at all, whether it is your own regular savings or a series of financial products purchased from this bank, including some of the rigid redemption financial extension products sold by their bank, or the smart deposits of private banks. Can be protected by deposit guarantee regulations. The essential meaning of bank merger is to merge all the bank data of the two banks together. Then, no matter whether it is one of the two banks, all the time deposits and its series of financial products issued publicly by the two banks, including the basic business All are recognized.

So after the two banks merge or there is an illness between the banks, all the regular savings before this bank can be paid as scheduled even if they have not matured. This may involve some related business processing. In this part of the business processing, we should pay attention to some financial products. They may change their names, but the series of financial products sold by the two banks before can still be obtained. Rigid payment guarantee.

For the majority of our depositors, what we really need to care about is whether its nature has changed after the bank changes, because this basically involves the fluctuation of their deposit interest rates in the future. Of course, bank mergers or mergers are generally possible, and they are basically private banks or some local commercial banks. The nature of these banks determines that their interest rates fluctuate relatively high, so after the bank merger, you can still worry about My money is deposited in this newly merged bank.

If banks are to be merged, the time deposits deposited by depositors in the bank will not expire and will not have any impact.

The merger of two banks is mainly an acquisition. For example, if a stronger bank acquires a small bank, this merger is only a change in the equity and management structure and does not affect the two banks. The two banks will still operate in parallel at the same time, and the acquisition will only have an impact on the asset accounting of the acquirer and the acquired party.

The other is reorganization. For example, a small and medium-sized bank encounters operating difficulties and reorganizes to solve the difficulties. For example, Baoshang Bank is reorganized into Mengshang Bank according to regulatory requirements. Then The bank may no longer exist, but this will not affect depositors. Bank restructuring only reorganizes the company's assets. After the relevant assets and liabilities are liquidated, a new company is formed. The assets and liabilities will be inherited, and the depositors' deposits will still be Yes, it won't be affected in any way.

Of course, if the bank becomes directly insolvent and bankrupt, it can only go through bankruptcy liquidation. Then even if you go to the bank to withdraw money, you will not be able to withdraw it because a run has already occurred. In this case, if the amount is less than 500,000, the insurance company can compensate (our country implements a deposit insurance system), and the remaining deposits need to be determined according to the bank's liquidation results to see if there is any money left.

However, there have only been two bank failures in the history of our country, namely Hainan Development Bank and Shangcun Rural Credit Cooperative of Suning County, Hebei Province. However, user deposits at that time were properly resolved. In recent years, my country's financial industry supervision has been continuously improved, and the possibility of bank bankruptcy is very low. Even if some banks encounter risks due to insufficient operations, they can still resolve the crisis through the custody and reorganization of large commercial banks. Depositors' deposits are protected.

Therefore, there is no need to worry about banks merging. If the bank where you save money really wants to merge with other banks, you don’t need to worry too much about the safety of your deposits. Don’t worry, even if it has not matured, the time deposit can still be withdrawn. However, if you withdraw it in advance, you can only pay interest according to the current period. For example, if you deposit it for 3 years, the interest rate is 3%. If you deposit it for more than one year, you can withdraw it in advance. , you can only pay interest at the current interest rate of 0.3%, and you will lose more profits.

As long as the deposit amount does not exceed 50 yuan, it is actually safe to deposit it in any bank. If the capital is more than 500,000 yuan and you are a very conservative investor, out of caution and worried about future bank risks, you can divide the money into two or several parts and store the funds below 500,000 yuan in different banks. This will ensure nothing goes wrong.