What is the Notice on Improving Personal Bank Account Services and Strengthening Account Management?

The following information is extracted from the news website: According to the relevant person in charge of ICBC, as a virtual electronic debit account, Class III accounts are not allocated with physical media such as bank cards, and can cooperate with ICBC e-payment or third-party payment to provide services for online consumption scenarios such as online shopping and payment, with a maximum account balance of 1 1,000 yuan. ICBC does not charge any fees for the management and service of Class III accounts, and all fund transfers of bound accounts are free. According to industry insiders, because the customer's Class I account is a full-featured bank account, it is equivalent to a "vault", and Class III account is mainly used for online small consumption and payment, which is equivalent to a "wallet". Classified management of Class I accounts and Class III accounts to realize the separation of "treasury" and "wallet" can better avoid the risk of online payment fraud and protect the safety of customers' funds. On February 25, last year, 65438, the People's Bank of China issued the Notice on Improving Personal Bank Account Services and Strengthening Account Management, proposing to establish a classified management mechanism for bank accounts, classifying individual bank accounts according to the means and methods of identity information verification, and classifying individual RMB bank accounts into one, two and three categories, while different types of bank accounts enjoy different service scope and authority. Functionally, Class II bank accounts and Class III bank accounts are not allowed to access cash or distribute physical media. In terms of limit, the central bank sets a one-day payment limit of 10000 yuan for Class II households and an account balance of 1000 yuan for Class III households. I hope this helps.