Every reporter Zhao Jingzhi
On May 15, several banks officially "off the shelf" intelligent call deposit products. as China Merchants Bank The announcement said that from the 15th, the intelligent call deposit service will be stopped and the interest settlement of this service will be handled.
In addition, Everbright Bank 、 Industrial Bank 、 Ping An Bank They also released such announcements, saying that the relevant smart call deposit business has been terminated. As for the reasons for "off shelf" intelligent call deposits, several banks announced and explained that due to business operation adjustments and policy changes.
At the same time, in terms of large amount deposit certificates, the reporter noticed that some banks have no quota for three-year and five-year large amount deposit certificates at present, and the longest term limit for bank large amount deposit certificates is only one year.
Visual Chinese picture Zhou Maohua, a macro researcher in the financial market department of Everbright Bank, pointed out to reporters that at present, some banks' "off the shelf" smart deposits and adjustment of large deposit receipts are beneficial to easing the cost of bank liabilities, especially for banks with large deposit receipts, smart deposits and other products that account for a high proportion of liabilities.
Multiple banks adjust on the same day
According to the announcement of China Merchants Bank, due to policy changes and business adjustment needs, the bank will adjust the intelligent call deposit business. From May 15, the bank will stop the service of intelligent call deposit business and handle the interest settlement of this business. According to the relevant legal documents signed by the customer when handling the intelligent call deposit business, the deposit principal and interest will be transferred to the account agreed in the relevant legal documents. The relevant legal documents signed by the customer before the intelligent call deposit business will be terminated from May 15, 2024.
It is understood that after China Merchants Bank all-in-one card signed an intelligent call deposit agreement, it is not necessary to transfer the amount to a specific account. When the funds are deposited in current account, the system will automatically calculate the interest according to the corresponding interest accrual rules, and the funds can be used at any time without advance booking.
China Merchants Bank said, "Our bank will offline the intelligent call deposit business on May 15. If you do not close the agreement at that time, the system will be closed uniformly. The interest in April will be paid on May 1, and the interest in May will be paid in batches after the unified closure on May 15."
Industrial Bank announced that its personal intelligent call deposit product will automatically terminate on May 15, 2024. "For customers who have handled our personal intelligent call deposit business, we will settle interest for you on your latest interest settlement date and automatically terminate the contract, and then the principal and interest of the product will be automatically transferred to your current account."
Industrial Bank also announced that the Bank's intelligent call deposit product for corporate financial customers will be automatically terminated from May 15, 2024. For corporate financial customers who have handled the intelligent call deposit business, the bank will settle the interest for customers on the interest settlement date of the intelligent call deposit account and automatically terminate the contract. At that time, the principal and interest of the product will be automatically transferred to the customer's current account.
Ping An Bank said that due to the adjustment of business operation, the "daily cash" and "smart deposit - call deposit" products will be offline on May 15, 2024, and relevant businesses will be terminated.
According to Ping An Bank, its smart deposit - call deposit has the characteristics of "current convenience and fixed income". It can automatically transfer the surplus funds in the current account into fixed deposits. The funds transferred into fixed deposits through this service can be withdrawn at any time or withdrawn through ATM and directly used for payment.
It is conducive to easing the cost of bank liabilities
As for the reasons for "off shelf" intelligent call deposits, several banks announced and explained that due to business operation adjustments and policy changes.
It is understood that as early as last May, the regulatory authority lowered the self-discipline upper limit of demand deposits such as contractual deposits and call deposits, and required that the call deposits that do not require customer operation and intelligent automatic roll over should be suspended, and the stock will naturally expire.
For example, on May 14 last year, Ping An Bank has suspended the sale of "intelligent call deposit products", after which only the stock products remain.
"Smart call deposits can not only enjoy the convenience of withdrawal of demand deposits, but also obtain the benefits of fixed deposits. It can meet the income and liquidity needs of depositors, so as to enhance the ability to obtain customers and liabilities." Zhou Maohua told reporters that this business has actually increased the debt cost and liquidity management difficulty of banks.
In addition to "off the shelf" intelligent call deposits, the reporter noticed that many banks have also off the shelf long-term large deposit certificate products. For example, China Merchants Bank currently has a maximum term of two years for large deposit certificates. Previously, the customer manager of China Merchants Bank told reporters, "There is no limit for three-year and five-year large deposit certificates on the CMB App, so we have to wait for them to open irregularly."
Recently, the reporter found that, Minsheng Bank The currently issued large deposit certificates on the App have a maximum term of only one year and have been sold out.
Zhou Maohua pointed out that at present, some banks' "off the shelf" smart deposits and adjustment of large deposit receipts are beneficial to easing the cost of bank liabilities, especially for banks with large deposit receipts, smart deposits and other products with a high proportion of liabilities.
"However, deposit products such as large deposit receipts account for a relatively low proportion of the overall liabilities of commercial banks, and the cost of liabilities to the overall banks is limited." Zhou Maohua said, more importantly, the bank's off shelf or adjustment of related products will help maintain the normal competitive order of the deposit market and reduce the impact of high interest rates on deposit solicitation.
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