What is an Automatic Funds Transfer?

Autopay is a service that ICBC transfers funds to you according to your specified requirements. The automatic transfer service currently includes a fixed period type, a balance replenishment type and a starting point trigger type.

automatic transfer

1. Smart financial management, save time and worry. After you sign an automatic transfer agreement with ICBC, you no longer need to

Business outlets, online banking.

Starting point triggered automatic transfer

Mr. Ding, a full-time writer, has a monthly manuscript fee income of nearly 20,000 yuan. He has opened a special current account in the wealth management account card to collect the manuscript fees of publishing houses and magazines.

In the past: Due to busy writing, Mr. Ding did not have time to take care of his idle funds, and a large amount of manuscript fee income was lying in the current account. He generally converted the manuscript fee income into a one-year time deposit. Assuming that Mr. Ding's manuscript income is on the 1st and 15th of each month, and his income is 10,000 yuan each time, from January 1 to July 1, the interest on his manuscript income is: 10000 * 0.72 * 80% / 24 * (12 + 11 + + 1) = 187.2 yuan.

Now: Mr. Ding will automatically check Mr. Ding's receipts every day by going through the start-point triggered automatic transfer

1. Business outlets: You can bring your personal wealth management account card (or Peony Money Link Card e-Time, Peony Money Link Card) to ICBC business outlets.

2. Online banking:

(1) Fixed-cycle automatic transfer.

a) Enter the "Customer Service-Personalization" section of Internet Banking and select "Sign a Financial Management Agreement";

b) Enter the "Personal Banking-Financial Services" column of Internet Banking;

c) Select "Reservation Period Transfer Service";

d) set up a "payment account";

e) Set up a "receiving account";

f) Set the "transfer cycle" to day or month;

g) set the "cycle frequency" (that is, the transfer interval);

h) Set the "Transfer Amount";

i) Set the "Termination Date".

(2) Balance-filled automatic transfer.

a) Enter the "Personal Banking-Financial Services" section of Internet Banking;

b) Select "Agreement Amount Transfer Service";

c) set up a "payment account";

d) Set "Payment Conditions": Select "When the balance of the receiving account is less than", set "Transfer Control Amount" and "Top-up Amount" as required; "Top-up Amount" is the target amount that the customer wants his account to reach;

e) Select "Receiving Account" and set "Application Number" to "Current Account";

f) Set the "Termination Date".

(3) Triggered automatic transfer.

a) Enter the "Personal Banking-Financial Services" section of Internet Banking;

b) Select "Agreement Amount Transfer Service";

c) set up a "payment account";

d) Set "payment conditions": select "when the balance of the payment account is greater than", set the "transfer control amount" as required; select "reserved" or "fixed transfer to the receiving account" in the transfer method;

e) Select "Receiving Account", select the corresponding deposit type in "Application Number", and select the deposit period and the transfer period as required;

f) Set the "Termination Date".