Are Bank of China Type II electronic accounts useful? Is there an annual fee?

The electronic account applied for online by Bank of China belongs to the second-class card. It is a virtual account that needs to be bound to the first-class physical card of the same party before it can be used. The second-class electronic account has no annual fee and no management fee, but SMS notification fees are not free and are charged monthly, about 3 yuan a month. If necessary, you can go to the counter to activate SMS notification reminders. If you have any questions, you can ask the bank's customer service.

BANK OF CHINA was formally established on February 5, 1912 with the approval of Dr. Sun Yat-sen. The head office is located at No. 1, Fuxingmennei Street, Beijing. It is a large state-owned bank managed by the central government and a national deputy ministerial level unit.

As a state-owned financial institution under the leadership of the Communist Party of China, Bank of China is guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era. Bank of China is the note-issuing bank in Hong Kong and Macau. Its business scope covers commercial banking, investment banking, funds, insurance, aviation leasing, etc.