Wenzhou Bank Mobile Banking Transfer Limit

What is the reason for the transfer limit of Wenzhou Bank's mobile banking? The reason for Wenzhou Bank's mobile banking transfer limit is

1. security considerations: limiting the transfer amount can reduce the potential risks that customers suffer in the process of mobile banking transfer. Lower quotas can limit potential illegal activities, such as online fraud and money laundering.

2. Bank risk control: Setting limits can help banks control risks and reduce the risks caused by large-amount transfers. This helps to protect the interests of banks and customers.

3. Requirements of laws and regulations: Banks need to abide by the regulations of local financial regulators, which clearly stipulate the transfer limit.