Does the SMS reminder function of Bank of Communications cost money?

The SMS reminder function of Bank of Communications costs money.

The SMS reminder of Bank of Communications is divided into two charging methods. 4 yuan/month's short message reminder of various kinds of consumption and 3 yuan/month's repayment notice reminder will be deducted once every quarter.

Credit card consumption SMS reminder is that banks send SMS to users through telecom operators, and it is reasonable for banks to charge a certain fee according to relevant regulations. However, charging the same SMS reminder fee for different consumption times is the pricing generated by banks according to general statistics.

In recent years, credit card theft has occurred from time to time. Opening SMS notification of credit card consumption is good for account security, and users can grasp the relevant information of the account in time to avoid the corresponding risks. However, if users do not open this business, banks should also be responsible for the theft of credit cards.

Extended data:

Bank SMS reminder service fee:

Agricultural Bank of China and ICBC: 2 yuan/month

CCB and BOC: 3 yuan/month

The SMS reminder fee for CCB is 30 yuan/year, and that for BOC is 36 yuan/year.

According to the statistics of Yinlv.com, there are currently 9 banks that do not charge for SMS reminder service:

Bank of Communications, China Everbright, Huaxia, Ping An, China Merchants, Minsheng, Hengfeng, Zheshang and Bohai Bank;

3 yuan/month will be charged for the SMS reminder service of Guangfa Bank from the fourth month;

Shanghai Pudong Development Bank shall notify all account changes according to 2 yuan/month;

The wealth management card of Industrial Bank is 1 yuan/month.

References:

Phoenix. Is it a trend to charge for credit card SMS notification?