Can I transfer money by making a phone call just by making a bank card transfer?

The conclusion is that it is indeed possible to use bank cards to transfer funds through telephone banking. Taking the Industrial and Commercial Bank of China as an example, the transfer process is relatively simple. First, customers need to activate external transfer permissions at ICBC branches and apply for a password card or electronic password. Once activated, call the 95588 customer service hotline and select the corresponding transfer option (such as "3 transfer, pay 1 transfer") to perform peer-to-peer remittance or inter-bank transfer. After the transfer is completed, the customer will receive a text message notification to confirm the transaction.

However, as the country attaches great importance to the security of telephone transfers, new regulations have been made for transfer services. When banks provide transfer services, they will provide three transfer options: real-time, ordinary and next day. Users must explicitly select them before they can conduct transactions. In addition, in order to protect the security of depositors' accounts, banks will sign agreements with customers to set daily and annual transfer limits when opening over-the-counter transfer services. For example, if an individual's non-counter transfer to other banks or other people exceeds 50,000 yuan per day, security verification methods such as digital certificates or electronic signatures must be used.

In general, it is feasible to transfer money via bank card over the phone, but please make sure to comply with relevant regulations before transferring money to ensure transaction security.