Overview
“Smart Account”Value-added Account is a multi-service financial product of ABC with automatic transfer reservation and convenient consumer line-of-credit services also a wealth management account, supported by ABC’s advanced business systems, that flexibly transfers funds between demand deposit and time deposit accounts according to the customer’s needs.The Smart Account not only ensures the liquidity and mobility of customers' funds but also improves customer’s interest income.
Features
Unique automatic transfer reservation and convenient consumer line-of-credit services.
Automatic transfer reservation service helps customers to transfer between demand deposit and time deposit accounts. If a customer has signed a transfer reservation service agreement with ABC, ABC will transfer demand deposit funds automatically to lump-sum deposit account and automatically make withdrawals for the customer when his/her deposit reaches a certain amount as specified in the agreement.
Convenient consumer line-of-credit service. Customers may enjoy a temporary consumer line of credit with temporary consumer pledge of a time deposit account when paying for purchases via POS terminal so as to reduce the losses incurred to customers from withdrawing time deposits before maturity due to temporary funds demand.
Target customers
Medium and high-end customers with stable income too busy to manage their wealth and those who regularly purchase goods and services via bankcard.
Procedures
1. To open the "smart account” value-added account, customers must provide their valid identity certificate and debit card, and sign ABC’s “Smart Account” Value-added Account Service Agreement. If the service is applied on a proxy basis, valid identity certificates of both the customer and the proxy must be provided.
2. Limitation: The “smart account” value added debit is not available to ABC customers holding only Shuang Li Feng personal call deposit accounts and Everyday Wealth Management services.
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