Is there a charge for SMS notification of bank cards?

Different banks charge different fees for SMS notification service. Usually, the fee for SMS notification is charged on a monthly basis, namely, 2 yuan/month for Agricultural Bank, 3 yuan/month for China Bank and 3 yuan/month for Postal Bank. One year later, the cost of SMS notification service for bank cards ranged from 24 yuan to 36 yuan, depending on the regulations of banks, and some banks provided SMS notification services free of charge.

Bank card refers to a credit payment tool issued by commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposit and withdrawal, etc. Bank card reduces the circulation of cash and checks, which makes the banking business break through the limitation of time and space and undergo fundamental changes. The application of bank card automatic settlement system makes the dream of "no cheque, no cash society" come true.

Since the 1970s, due to the rapid development of science and technology, especially the use of electronic computers, the use of bank cards has been expanding. Not only has the circulation of cash and checks been reduced, but the banking business has also undergone fundamental changes because it has broken through the limitations of time and space. The application of bank card automatic settlement system will make the arrival of "no check, no cash society" become a reality soon.

Yang Zaiping, full-time vice president of China Banking Association, said that by the end of the first quarter of 20 10, the number of cards issued nationwide had reached 21690,000, up by 14.9% year-on-year. The utilization rate of bank cards has gradually increased, and card consumption accounts for 30% of social consumption. By the end of 20 1 1, the cumulative number of bank cards issued exceeded 2.85 billion, up by 18% year-on-year. Credit card consumption exceeded 16 trillion yuan, a year-on-year increase of more than 50%, accounting for more than 40% of the total retail sales of consumer goods, an increase of about 6 percentage points over 20 10. 20 1 1 year, there are more than 35,000 convenience payment outlets, 47,000 directly connected merchants and 2 10000 POS machines in secondary cities, reaching 15 16000 respectively.

In the whole year, 2.2 trillion yuan and 860 million interbank transactions were realized, accounting for 47.4% and 52% of the national interbank transactions respectively, and the contribution of transaction amount increased by 2.4 percentage points compared with the beginning of the year.

China UnionPay and commercial banks jointly launched the Rich Farmers Card, which has been issued in 28 institutions in 28 provinces across the country, with an annual card issuance of more than 5 million, becoming a new platform for serving agriculture, rural areas and farmers.

Debit cards are divided into transfer cards, special cards and stored value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. Special card is a special-purpose debit card used in a specific area (except for department stores, restaurants and entertainment industries). It has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction.