Savings cards, as an indispensable financial tool in our daily lives, have always been the focus of consumers' attention for their fee structure. Among them, the annual fee, as a basic fee for savings cards, has attracted much attention. So, is there an annual fee for a savings card?If so, how is it collected?In this article, we'll answer these questions in detail, and list the annual fees for savings cards at least 10 major banks in China and how they are charged.
The annual fee for a debit card is a fee charged by a bank for providing services to a cardholder for a period of one year. This fee is mainly used to maintain the normal operation of the card and provide related value-added services. However, as competition in the financial markets intensifies, many banks have implemented annual fee waivers for some or all of their savings cards in order to attract and retain customers.
Industrial and Commercial Bank of China
Rules: Most regular savings cards are exempt from annual fees, but some specialty cards or premium cards such as wealth management gold cards may charge a fee.
How it is charged: Usually automatically debited from the account on the first statement date after card activation or on a fixed date each year.
The specific amount: varies according to the type of card, generally between 10-100 yuan.
Agricultural Bank of China
Regulations: Ordinary savings cards generally do not charge an annual fee, but premium cards such as gold cards and platinum cards do have annual fees.
Collection method: automatic deduction through the bank account system.
The specific amount: The annual fee for the gold card is generally 20-50 yuan, and the platinum card is higher.
Bank of China
Regulations: Most ordinary savings cards are exempt from annual fees, and some special cards such as campus cards and co-branded cards may be charged.
Charged by: Debited from the account on the first statement date after card activation or at a fixed time each year.
The specific amount: generally ranges from 10-50 yuan.
China Construction Bank
Regulations: Most savings cards are exempt from annual fees, but some high-end cards such as Wealth Management Platinum Cards are charged.
Charged: Automatically deducted from the cardholder's savings account.
Specific amount: The annual fee for high-end cards is between 50-200 yuan.
Bank of Communications
Regulations: Ordinary savings cards generally do not have a fee, but some cards with special functions such as IC chip cards may have an annual fee.
Billing method: Automatically debited from the linked account through the banking system.
The specific amount: depending on the function of the card, it is generally 20-100 yuan.
China Merchants Bank
Regulations: A **IC card (including an electronic one**) is exempt from annual fees, and some special cards such as golden sunflower cards are charged.
How it is charged: It is deducted from the account after the card is activated or at a fixed time each year.
The specific amount: The annual fee of the Golden Sunflower Card is 30 yuan per year.
China CITIC Bank
Regulations: Ordinary debit cards generally do not charge an annual fee, but some special cards such as incense cards and platinum cards are charged.
Charged: Automatically debited from the cardholder's account.
The specific amount: The annual fee of the incense card is 20 yuan per year, and the platinum card is higher.
Shanghai Pudong Development Bank
Regulations: Most ordinary savings cards are free of charge, but some co-branded cards or special cards such as Oriental cards are charged.
Charged: Usually debited from the account on the first billing day after card activation.
Specific amount: The annual fee of Oriental Card is 10 yuan per year.
Industrial Bank
Regulations: Most ordinary savings cards do not charge an annual fee, and some high-end cards such as platinum cards and diamond cards charge fees.
Collection method: Automatic deduction through the bank account system.
The specific amount: The annual fee of the platinum card is between 200-1000 yuan, and the diamond card is higher.
Minsheng Bank
Rules: There is generally no charge for ordinary savings cards, but fees may be charged for specific functions or co-branded cards such as Shanglong cards.
Charged: Automatically debited from the cardholder's account on a fixed date each year.
The specific amount: The annual fee of Shanglong Card is 50 yuan per year.
Judging from the banks listed above, most banks have implemented a free policy for ordinary savings cards, but there are still some special or high-end cards that will charge a certain annual fee. For consumers, the following points should be paid attention to when choosing and using a savings card:
Understand the annual fee policy of your card to avoid unnecessary expenses.
If you don't need the functionality of a paid card, you can consider closing your account or replacing it with a free card.
For fee-charging cards, assess whether the value-added services they provide are worth paying the annual fee.