What does the Agricultural Bank of China mean by sending short messages to collect money in bulk?

Bank SMS prompts batch payment transaction, which means that the bank uses the system to deduct money in batches, and directly deducts money from the card with the password without your presence. For example, this kind of deduction will occur when you do business such as withholding water, electricity and coal, binding deduction, and automatic repayment by credit card.

Batch payment means that you have participated in more than one financial project before, but the payment time is the same, so when multiple projects pay at the same time, the bank will notify you of batch payment by SMS.

Banks use the system to deduct accounts in batches. You don't need to be present. You can directly deduct money from your card with your password. For example, if you do business such as withholding water, electricity and coal, binding accounts, and automatic repayment by credit cards, this kind of deduction will occur.

Simply put, batch payment is to participate in financial management projects. Users will receive information when multiple items are paid at the same time. The bulk withholding business in the banking system involves many aspects, mainly involving withholding water, electricity and coal, binding transfer and so on. These bills are regarded as bulk payment transactions. Batch payment means that there are payments in the bank account, but these payments are made at the same time, but more than once. Generally speaking, the bulk payment transaction of bank SMS mainly means that the money handed over by the user to the bank has been withheld. Naturally, when multiple items are paid at the same time, the bank will notify the user of the batch payment by SMS.

The bulk collection transaction of bank SMS refers to the bulk collection of funds by the banking system. Generally, it refers to the deduction when there is automatic repayment of credit cards and other services. This kind of money does not need the user to show it, and it is directly deducted from the card by the password. Simply put, the bank's batch payment is to participate in financial management projects. When multiple favorite items occur at the same time, users will receive information.

Bank batch payment does not mean deduction, but means that multiple funds are paid to the user's bank card account at the same time. Banks use the system to deduct money in batches, and directly deduct money from the card with the password without being present. For example, this kind of deduction will occur in businesses such as withholding water, electricity and coal, binding accounts, and automatic repayment of credit cards.

The main business of banks is deposits and loans, and bank deposits and loans are their main functions. People like to deposit money in the bank, which not only has certain interest, but also has high security. Bank loans are also one of their main sources of income. Through bank loans, they can solve their urgent needs and enjoy lower loan interest rates.