What does it mean to inform the bank that the bank card has been suspended by SMS?

Long-term bank card account refers to the unit or individual account that has not used the collection and payment function for more than one year, also known as long-term fixed account. Long-term suspension of bank cards takes up a lot of resources of the bank, so the bank will remind users who have stopped using bank cards for a long time to cancel their accounts. If it is not handled within the time limit, the account will be automatically closed, and the unused amount in the account will be transferred to the special account for long-term suspension management.

According to the Measures for the Administration of RMB Bank Settlement Accounts:

Article 49

In any of the following circumstances, the depositor shall apply to the opening bank for cancellation of the bank settlement account:

(1) being merged, dissolved, declared bankrupt or closed;

(2) The business license is cancelled or revoked.

(3) The bank where the account is opened needs to be changed due to relocation.

(four) other reasons need to cancel the bank settlement account.

In case of the first and second cases of this article, the depositor shall apply to the bank for cancellation of the bank settlement account within 5 working days.

The term "cancellation" as mentioned in this article refers to the depositor's termination of using the bank settlement account due to the qualification of opening an account or other reasons.