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Is it illegal to keep money for others?
Legal analysis: it is certainly not illegal to keep money for others, and you can also charge a certain storage fee.
Legal basis: Civil Code of People's Republic of China (PRC).
Article 888 A custody contract is a contract in which the depository keeps the deposit delivered by the depositor and returns it.
Where the depositor goes to the custodian to engage in shopping, catering, accommodation and other activities, and stores the goods in a designated place, it shall be regarded as custody, unless otherwise agreed by the parties or there are other trading habits.
Article 889 The depositor shall pay the safekeeping fee to the custodian as agreed.
If the parties have not agreed on the storage fee or the agreement is unclear, and it cannot be determined according to the provisions of Article 510 of this Law, it shall be regarded as free storage.
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