What is the reason why ICBC mobile banking cannot transfer money?

ICBC mobile banking transfer shows "No authentication method available" because the transfer exceeds a certain limit.

Users who independently register for ICBC online banking have a single and daily cumulative transfer limit of 5,000 yuan. The limit is to protect the security of account funds.

If ICBC Bank shows that there is no available authentication method, it means that the bank of the bank account does not have transfer authority, and the user needs to go to the bank counter or contact the ICBC service center to apply for correcting the authority.

If it is self-service online banking, the transaction limit is 5,000 per day and 50,000 per month. If the transaction limit is exceeded, it will prompt that no authentication method is available for transfer. The single transfer limit of ICBC mobile banking electronic password is 200,000 yuan, and the maximum daily transfer limit is 1 million yuan. If you open online banking at the counter, the mobile banking channel may not have transfer permissions, and you will be prompted like this. You cannot do large or small transactions. You need to go to the counter to activate and authenticate your bank card with a valid ID.

If you use an unbound mobile phone or electronic banking password card, the single transfer limit is 1,000 yuan, and the daily cumulative transfer limit is 5,000 yuan. Bind a mobile phone to handle transfer business. The single and daily cumulative limit for SMS authentication payment is 10,000 yuan, and the maximum can be adjusted to 20,000 yuan. If you need to transfer a higher amount, you can go to an ICBC branch to apply for U-Shield as an authentication tool. The cumulative daily transfer limit for a single U-Shield certified payment is 20,000 yuan.

Transfer accounts refer to a bank currency settlement method that does not use cash directly, but transfers money from the payment account to the receiving account through the bank to complete currency collection and payment. It gradually developed with the development of the banking industry. When the settlement amount is large and the distance is long, using transfer settlement can make it safer and faster. In modern society, the vast majority of commodity transactions and currency payments are conducted through transfer settlement.

On March 28, 2019, the requirement for transfers to arrive after 24 hours will be cancelled, and real-time arrival will be implemented.

Transfer methods

There are many methods for transfer settlement, which can be mainly divided into two categories: intra-city settlement and long-distance settlement. Intra-city settlement includes check settlement, payment power of attorney settlement, intra-city collection and commitment settlement, collection without commitment settlement and limit check settlement, etc.; out-of-city settlement includes remote collection and commitment settlement, off-site entrusted collection settlement, exchange settlement, and credit settlement. Warranty settlement and limit settlement, etc.

Mobile transfer

Domestic commercial banks have successively opened their own mobile banking. For example, China Merchants Bank has launched a three-year free mobile banking transfer and remittance activity. Mobile banking contract customers who use the iPhone version, Android version, HTML web version of mobile banking or iPad banking to handle transfers and remittances between China Merchants Bank in the same city, different places between China Merchants Bank, inter-bank same city, and inter-bank long-distance transfers can enjoy the benefit of free transfer and remittance fees.