What does bank card settlement transaction mean?

The interest settlement transaction is completed by sending short messages to bank cards, which refers to the process that banks calculate the interest of bank card demand deposits and record the interest in depositors' accounts. At present, the interest of demand deposits is settled quarterly, that is to say, March 2 1, June 2 1, September 2 1 and February 65438+2 1 are the interest settlement days every year, and the bank will check the interest and settle the account.

The Notice on Interest-bearing Settlement of RMB Deposits and Loans issued earlier by the People's Bank of China will be officially implemented on July 1 2005. The new regulations change the current interest settlement method of personal demand deposits from annual settlement to quarterly settlement, allowing financial institutions to make their own interest and interest settlement rules for call deposits, agreement deposits, time deposits and time deposits, deposit and withdrawal, lump sum deposit and withdrawal, etc. under the principle of not exceeding the upper limit of the interest rate of deposits of the same grade in the same period of the People's Bank of China. This means that when individual depositors and borrowers handle the same deposit or loan in different banks, the interest rate is different.

Did the bank give me the money for the interest settlement transaction?

1 Revenue: Bank card interest settlement is generally the settlement of deposit interest by banks. When we deposit money in the bank, there will be a certain interest, and this interest may not be settled every day, but once a cycle, usually one month. Interest settlement transaction refers to the current interest generated by the deposit in the user's bank card account. After the current deposit expires, the bank will settle the interest payable to the depositor.

2 Deduction: However, there are also cases where deductions are made in interest settlement transactions, because in loans, there is a repayment method of interest first and then principal, that is, interest is paid regularly and principal is paid after the loan expires. So it may be that we applied for a loan from the bank, and after the loan, we need to pay interest to the bank within a certain period of time, which is also an interest settlement transaction.

If you don't know this deduction, you'd better take the initiative to contact the bank customer service and ask the specific reasons for the deduction. If the deduction of interest settlement transaction is abnormal, please report the handling problem to the bank staff as soon as possible.