Does Minsheng Bank need a password to transfer money to a public account?

The operation steps are as follows:

1, open the mobile banking software;

2. Enter the ID number (ID number), login password and verification code, and click "Login";

3. Click Transfer and Remittance on the main page;

4. Select the payment account, payee's name (please fill in the company name here for company transfer): fill in the payee's real name (company name). If the payee list has been filled in before, directly click "Payee List" below to select;

5. Payee account number: fill in the payee's (company's) bank account number. If the payee is selected from the Payee List, it will be filled in automatically here;

6. Transfer amount: fill in the digital amount;

7. Send a short message to the payee: optional, free of charge. Click "Next" after completing the form;

8. Confirm the transfer information and select "Confirm" after confirmation;

9. Enter the transaction password and verification code;

10. If the transfer is successful, the related information of the transfer will be displayed.