In recent years, with the popularity of mobile payment tools, many people like to transfer their balance to mobile payment as soon as they pay their salary, so as to facilitate settlement and payment and financial investment in life. However, banks are not happy about this kind of behavior. This article will detail the consequences of "shifting" balances as soon as wages are paid, including the impact on banks and the difficulties that individuals may face in the future.
For banks, a large number of customers transfer their balances as soon as they are paid, which will have a big impact on the bank. From two perspectives, the first is that banks' liquidity will be under greater pressure. If only a few people do this, it won't cause much trouble for banks, but if most people choose to transfer their balances as soon as they are paid, the bank's liquidity will be more challenging in the short term. Secondly, if the customer leaves the money on the payroll card for a long time, the bank can treat these funds as a demand deposit, which is the ideal situation for the bank. Because the more demand deposits, the lower the bank's financing costs, which is very important for banks that rely on deposit and loan spreads to make profits.
Supplementary interpretation: The financial pressure faced by banks in a short period of time cannot be underestimated. Nowadays, many people choose to transfer their balance to the mobile payment platform as soon as they pay their salary, and at the same time, the convenience of mobile payment also makes many people irresistible. However, if everyone does this, it will inevitably lead to a short-term shortage of bank funds, which will have a certain impact on the bank's operation. At the same time, it is also a benefit for banks to hope that customers will keep their funds on their payroll cards for a long time, so as to expand the scale of demand deposits and reduce financing costs. However, today's young people generally have a strong sense of consumption, and it is difficult to keep all their wages on bank cards, which makes banks face greater challenges.
If the balance is transferred to a mobile payment platform as soon as the payroll is paid each month, and there is no balance on the payroll card, the bank may have concerns about the individual's cash flow situation. When an individual needs to apply for a large loan such as a housing loan or car loan, it is difficult to pass the bank's review, and even if the loan is approved, the interest rate will be higher. Conversely, if you leave part of your salary on your payroll card and build a trusting relationship with the bank, you will get a more favorable interest rate on the loan. In fact, some business owners prefer to deposit large sums of money in banks rather than other areas of investment in order to build trust with banks, and can get bank approval more quickly when the business needs a loan urgently. It can be seen that establishing a relationship of mutual trust with the bank is very important for applying for a loan.
Additional interpretation: For individuals, the practice of transferring wages to mobile payment platforms as soon as they are paid will have a certain impact on their creditworthiness. When an individual needs to apply for a loan, the bank will assess the individual's cash flow situation. If individuals are Xi to transferring all their salaries and leaving no penny on their salary cards, this will cause banks to worry about their personal cash flow situation, which may lead to difficulties in applying for housing loans, car loans and other loans, and even if they pass the review, the interest rate will be relatively high. Conversely, if an individual is able to leave part of their salary on their payroll card and build a relationship of trust with the bank, it will be beneficial to have a favorable interest rate when applying for a loan in the future.
Transferring your balance to a mobile payment facility ostensibly makes it easier to settle payments. However, many young people reported that their wages were all spent shortly after they were paid, mainly because it was difficult to control their spending using mobile payments. In contrast, if you leave your salary on your bank card and withdraw only the amount you need, you can not only better control your consumer spending, but you can even accumulate some surplus every month to truly break even.
Supplementary interpretation: Although mobile payment has brought great convenience to people's lives, many young people also admit that the use of mobile payment often leads to uncontrolled consumption. They complained that it was spent in less than half a month after the first paycheck. This is because it is very convenient to use mobile payment, which can be consumed anytime, anywhere, and it is difficult to resist in the face of shopping desires**. On the contrary, if you leave your salary on your bank card and withdraw only the amount you need at a time, you can better control your consumer spending and manage your finances more rationally, so as to achieve financial balance.
Transferring the balance to a mobile payment instrument as soon as the payroll is paid has certain consequences for both banks and individuals. For banks, the transfer of balances by a large number of customers will increase the liquidity pressure of the bank and weaken the bank's deposit and loan spreads, and at the same time, it will not be able to build a trusting relationship with customers, which will have a negative impact on future loan applications. For individuals, over-reliance on mobile payment tools can lead to uncontrolled consumption and increase personal debt risk. Therefore, it is recommended that while using mobile payment tools reasonably, it is also necessary to appropriately retain part of the salary on the bank card to achieve reasonable financial management and consumption control.
As mobile payment tools become an increasingly part of life, it's worth examining your Xi when it comes to using money and saving. The convenience of mobile payments has brought great enjoyment to people, however, it is necessary to realize that everyone's spending power and financial management ability are different, and over-reliance on mobile payments may have a negative impact on personal financial well-being. Therefore, while using mobile payment reasonably, it is recommended to keep part of the salary on the bank card to achieve a balance between income and expenditure and rational consumption. At the same time, the establishment of mutual trust with the bank will help the smooth approval of personal loan applications in the future.
When faced with savings and financial management issues, individuals should make reasonable choices based on their financial situation and spending power. With proper planning, saving, and investing, you can achieve sound financial growth. Most importantly, develop the Xi of rational consumption and avoid the risks of over-borrowing and over-reliance on mobile payment tools. Only on the basis of financial stability can we better achieve personal financial freedom and economic development.