How to cancel the third party depository? The operation steps are here

When investors make investment transactions through securities accounts, the transaction settlement funds are deposited by qualified commercial banks through capital accounts, that is, third-party depository, which is an important security guarantee for investors. The brokerage platform cannot arbitrarily misappropriate client funds. So how to cancel the third-party depository?

1. How to cancel the third-party depository?

After all the funds in the securities account are transferred out, investors can cancel their deposits at the bank or securities company outlets with their ID cards and bound bank cards.

Some banks also support online third-party depository cancellation. For details, please call Binding Bank Customer Service.

Second, how to open a third-party depository?

In the past, when opening a securities account, investors needed to open an account at a brokerage outlet first, and then go to the bank counter to handle the third-party depository binding. The operation process is relatively cumbersome.

However, many banks already support online binding of third-party depository services. Take Bank of Communications and Founder Securities as examples. After the investor logs into Founder Securities APP, he chooses Bank of Communications in the third-party depository bank, inputs the bank account information, and completes the binding of the third-party depository.

There are many banks that can achieve similar operations. For example, after a securities company designates Bank of China as the third-party depository bank, investors can also directly register their accounts through BOC Online Banking to open the third-party depository function without going to the bank outlets.

The securities account of the same bank can correspond to multiple securities accounts at the same time, and all support businesses such as transfer and inquiry. The specific number of corresponding securities accounts varies from bank to bank. For example, the Bank of China stipulates that the total number of capital accounts should be nine at most.

The above content about how to cancel the third-party depository, I hope it will help you. Warm reminder, financial management is risky and investment needs to be cautious.