Received the SMS debit agreement from China Construction Bank and signed it successfully. What does China Industrial and Commercial Bank mean?

The successful signing of the deduction agreement means that the bank accepts the payer's deduction authorization. According to relevant public information, inter-bank deduction refers to the payment business in which the bank accepts the authorization of the payer and deducts funds from the payment account according to the deduction instruction provided by the designated receiving bank. Users can carry out inter-bank debit business as long as they provide unionpay card passbooks with the same user name, such as industrial, agricultural, China, construction and postal savings. Users can choose to trigger the deduction independently or automatically, but cross-bank deduction is not mandatory. Bank debit needs to bind the bank card and sign a loan agreement, and the system cannot automatically deduct money.