In today's society, with the continuous development and popularization of technology, our way of life is also undergoing earth-shaking changes. With the rise of mobile payment, it has become the norm for many young people to transfer their balance to the mobile payment platform as soon as they are paid. However, what are the consequences of such actions for banks?In this article, we will listen to the real insights of the bank's staff and reveal the truth in it.
Transferring the balance away as soon as the salary is paid not only facilitates people's lives, but also brings some non-negligible effects to the bank. First, when a large number of customers concentrate on transferring their balances as soon as they are paid, the liquidity of banks will be under great pressure. While the transfer of balances by a few groups of people will not have much of an impact on banks, if the majority of people adopt this approach, banks will have to face serious liquidity challenges in the short term.
Secondly, for banks, it is more desirable for customers to keep their money on their payroll cards for a long time, so that they can use these funds as demand deposits. For banks that rely on deposit and loan spreads to make profits, the more demand deposits and the lower the financing costs, the greater the potential for performance growth. As a result, it is difficult for banks to achieve this goal when customers transfer their balances to mobile payments as soon as they are paid.
Why do banks prefer customers to keep their money on payroll cards for a long time?This is because demand deposits are essential to the operation of a bank. On the one hand, demand deposits are one of the most stable and accessible funds for banks**. Compared to fixed deposits, demand deposits are more liquid and can be withdrawn at any time by depositors. This means that banks have more freedom to use this part of the funds to invest and lend money, and obtain higher returns. On the other hand, the existence of demand deposits can reduce the bank's financing costs. The interest rate differential that banks need to pay to depositors is relatively low, while the interest they charge borrowers through loans is higher, and this kind of deposit and loan spread is the cornerstone of the bank's profitability.
Against this backdrop, if a customer transfers all of their balance to a mobile payment platform as soon as they are paid, the bank will be concerned about whether there is a cash flow problem with that customer. When this customer needs to apply for a mortgage or car loan, the bank may be suspicious of him, and the loan application may become difficult, and even if it is approved, he may pay a higher interest. Conversely, if the client leaves a portion of his salary on the payroll card, a trusting relationship is established with the bank, and the approval of the loan and the pricing of the interest rate will be smoother.
In practice, one of the important reasons why some business owners choose to deposit large sums of money in banks instead of investing in other areas is to establish a relationship of mutual trust with banks. When these enterprises urgently need to apply for a loan from a bank, the bank can often be approved quickly because the bank has full knowledge and trust in the business status and reputation of the enterprise. It can be seen that building a relationship of mutual trust is very important for business or individual loan applications.
By transferring the balance of a payroll to a mobile payment instrument, people will find it more convenient to settle payments. However, many young people report that most of their wages will be used up in less than half a month. This is mainly due to the difficulty of controlling one's spending with mobile payment tools. In contrast, if you keep your salary on your bank card, you can withdraw it on demand, giving you more control over your consumer spending and even maintaining a certain surplus each month.
The convenience of mobile payment has undoubtedly brought a lot of convenience to our lives, however, it has also brought consumption problems to young people. For many young people, it has become the norm to be tempted to spend money, especially when it comes to paying with mobile payment tools. The push advertisements of shopping apps, various ** activities, and the show-off behavior in the circle of friends will trigger people's impulsive consumption desires. As part of social**, mobile payment tools have also become one of the ways for people to show off themselves. As a result, it is often difficult for people to control their spending after a payroll is transferred to mobile payment instruments, resulting in a rapid depletion of funds.
Instead, leaving your salary on your bank card and withdrawing it on demand becomes a way to restrain your spending. We have the flexibility to withdraw funds according to our plans and needs, so as to avoid spending all of our salaries at once. This allows us to have a better grasp of our finances and make ends meet. Not only that, but it can also better plan financial management, allocate funds reasonably, and reserve more resources for future development.
Transferring balances to mobile payment platforms as soon as wages are paid not only negatively affects the bank's liquidity, but also affects the possibility of establishing a relationship of trust with the bank. In addition, mobile payment also brings challenges to people's consumption control. In contrast, leaving your salary on your bank card allows you to better manage and plan your own funds and achieve a balance between financial income and expenditure.
For young people, we need to recognize that the formation of consumption concepts and consumption Xi is a long-term process. Learning to consume and save rationally is not something that happens overnight, and we need to constantly adjust and cultivate it in our daily lives. Before choosing to transfer the balance of a salary to mobile payment, we need to think clearly about our consumption Xi and the need for financial balance to avoid falling into the dilemma of consumption.
While pursuing convenience and fashion, we must always remain rational and rational, clarify our consumption bottom line, and avoid overspending and debt. Rational consumption can not only lay a good foundation for our own financial stability, but also make a positive contribution to social development and economic growth.
In this era of rapid development, we must adhere to rational consumption, rational financial planning and risk control. Only in this way will we be able to achieve financial freedom and economic independence and truly enjoy the beauty of life.
Finally, let's face money rationally and wisely, make good use of every penny of income, and pursue a better future.