From August onwards, a number of new regulations will be implemented! POS machine check balance is not good either.

First, a new batch of regulations will be implemented from the beginning of the month! POS machine check balance is not good either.

Since August 1, 2017, commercial banks should strengthen risk management for magnetic stripe transactions initiated by non-standard bank card acceptance terminals based on terminal identification and merchant type. For fund transactions with a single transaction amount exceeding 20,000 yuan, additional transaction verification should be conducted through at least one communication channel such as voice, SMS, and data (such as mobile banking and instant messaging). For the consumer domain query transaction, it should be closed directly from the card issuer. For abnormal transactions with too high a single day frequency, measures such as refusal of transaction authorization should be taken.

Establish and improve the hierarchical classification management mechanism for bank card magnetic stripe transactions. From August 1, 2017, each commercial bank shall implement transaction classification and classification management according to the transaction amount and transaction frequency.

Second, the bank card 6 expenses exemption

In recent years, friends have complained about bank charges such as bank card annual fees, account management fees, and off-site withdrawals. However, the National Development and Reform Commission informed that from August 1, 2017, friends can save all these fees to the bank.

At present, a number of banks have issued a notice saying that according to the "Notice of the China Development and Reform Commission of the China Banking Regulatory Commission on the cancellation and suspension of some basic financial services charges of commercial banks" (Development and Reform Price Regulations [2017] 1250) document requirements, since 2017 8 From the 1st of the month, 6 fees including the handling fee, loss reporting fee and cost of the RMB bank draft and the promissory note will be suspended.

3. The annual fee of the Bank's only account for each commercial bank

From August 1, 2017, commercial banks should take the initiative to waive the annual fee and account management fee (including small account management fee) for their unique account (excluding credit card and VIP account) opened by the Bank. At present, the annual fee for business, agriculture, transportation, and other banks is 10 yuan/year, which is less than 300 yuan and the small account management fee is 3 yuan/quarter. After the implementation of the policy on August 1, 2017, these will be free of charge.

At present, a number of banks have issued an annual fee-free announcement for the corresponding account.

Fourth, a number of banks said that the SMS reminder service for debit cards should be fully charged.

But what the friends should pay attention to is that the bank charges are adjusted compared with the original ones. For example, Bank of Communications, Minsheng Bank, Everbright Bank and many other banks announced that the free SMS notification service had to be charged. This means that there are very few banks that are exempt from SMS notification fees, and the SMS reminder service for debit cards is fully charged.

What is the use of the bank SMS notification service? If the account balance is insufficient, will SMS notifications continue to be charged? Why should banks fully charge for SMS notifications? For the user, the biggest function of SMS notification is to remind the user of the balance change, especially when the debit card is stolen, the depositor can know for the first time and stop the loss in time.

How is the bank charged after the bank card SMS notification service is opened?

For different charging standards, different banks have different. For example, Bank of Communications announced that it will start receiving SMS reminder fees from September 1st, 3 yuan a month, once a quarter; Minsheng Bank will start to receive short-term reminders on July 1st. Fee, 2 yuan a month; Everbright Bank said that the SMS reminder fee is set to 2 yuan a month, but has not yet determined when to start collecting. Most other banks have previously charged the SMS notification service. For example, the Puka users of the four major banks of China, agriculture, industry and commerce have to open the SMS notification service, and they will be deducted a monthly fee of 2 yuan.

The staff of the Bank of China said that when the balance in the debit card holder's account is not enough to deduct the monthly SMS fee, the bank will automatically suspend your SMS notification function. If the user does not need this card, it is recommended to go through the formalities for cancellation. If the user may later use this bank card, go directly to the counter or ATM, modify the user agreement, and close the SMS notification service, which will take effect next month.

Then, in addition to the debit card, is there a charge for the credit card to open the SMS notification service?

Compared with credit card interest income, annual fee income, merchant rebate income, installment fee income, cash withdrawal and punitive fee income, SMS notification service charges are minimal in credit card income, so most banks implement free SMS notifications for credit cards. .