Fixed deposits are a common way to save money, which can bring stable interest income to depositors, and also have a certain risk prevention effect. However, how to handle a fixed deposit business in Bank of China? This article will introduce you to the operation of Bank of China's fixed deposit, including three channels: counter, ATM and online banking, as well as precautions and preferential activities, hoping to help you better manage your finances.
1. Handle it over the counter
Over-the-counter processing is the most traditional way to operate fixed deposits, and it is also the safest and most reliable way. The steps to handle the procedure at the counter are as follows:
1.The user goes to the bank counter with ID card and cash to handle the fixed deposit business.
2.The user fills in the application form for fixed deposit business under the instructions of the counter staff.
3.The bank staff will ask the user to provide the amount and duration of the fixed deposit, and the user needs to fill out the application form as required.
4.The bank staff will handle the fixed deposit business for the user, and issue the fixed deposit certificate and deposit certificate.
The advantage of the counter is that you can choose a variety of time deposit products, such as lump sum deposit, fixed deposit and withdrawal, principal deposit and interest withdrawal, call deposit, etc., as well as a variety of currencies and tenors, such as RMB, USD, EUR, etc., as well as three months, six months, one year, etc. The disadvantage of counter handling is that users need to go to the bank branch in person, and they may encounter waiting in line, and they also need to carry cash, which is not very convenient.
2. ATM processing
ATM processing is a convenient way to operate fixed deposits, and users can make them at any Bank of China ATM. The steps to apply at an ATM are as follows:
1.The user deposits cash into the ATM and selects the "Time Deposit" function.
2.The user enters the deposit amount and term, and then selects "Confirm" to complete the fixed deposit operation.
The advantage of ATM processing is that it can be carried out anytime and anywhere, without being limited by time and place, and there is no need to fill out an application form, which is simple and fast to operate. The disadvantage of ATM processing is that it can only handle two types of time deposit products, lump sum deposit and fixed deposit, and can only choose RMB and some foreign currencies, as well as deposit periods such as three months, six months, and one year, and cannot handle other types of time deposit products.
3. Online banking
Online banking is an intelligent time deposit operation method that users can carry out through Bank of China's online banking platform. The steps for online banking are as follows:
1.Users log in to BOC's online banking, select the "Deposit Management" function on the homepage, and then select the "Time Deposit" option.
2.The user enters the deposit amount and term, and finally clicks "Confirm" to complete the fixed deposit operation.
The advantage of online banking is that it can be carried out on a computer or mobile phone, and there is no need to carry cash or fill out an application form, which is convenient and fast to operate. The disadvantage of online banking is that users need to open online banking services first, and associate the fixed all-in-one account with online banking, if you want to handle the business of small deposit or education savings renewal, you also need to open the corresponding account at the counter first, and agree with the bank on the monthly deposit amount and deposit period.
3. Precautions
Regardless of the channel through which time deposit business is handled, users need to pay attention to the following:
1.The minimum deposit amount and minimum retention amount of time deposits are RMB 50 or equivalent in foreign currency, and the deposit period is divided into three months, six months, one year, two years, three years and five years, and the foreign currency deposit period is one month and two years.
2.The interest rate of fixed deposits is adjusted by Bank of China from time to time according to market conditions, and users can check the latest interest rate table at bank branches or online banking, or refer to the benchmark interest rate announced by the People's Bank of China.
3.After the maturity of the fixed deposit, the user can choose to withdraw the principal and interest or renew the principal, if it is not processed in time, the bank will automatically renew the principal according to the original deposit period and the original interest rate, and the interest will be transferred to the current account.
4.The fixed deposit cannot be withdrawn in advance during the deposit period, otherwise the interest will be calculated according to the current interest rate, and part of the handling fee will be deducted, resulting in interest loss. If the user really needs it, he or she can choose a flexible time deposit product such as call deposit or fixed deposit and fixed deposit, or open the "call deposit scheduled rollover" service on Internet banking, without notifying the bank in advance to agree on withdrawal.
5.The risks of fixed deposits are mainly interest rate risk and exchange rate risk, and if there is a change in the market interest rate or exchange rate, it may affect the user's earnings. Users can choose the appropriate currency and deposit period according to their risk appetite and return expectations, or they can diversify their investments and choose a variety of time deposit products to reduce their risk.
4. Preferential activities
In order to attract and retain customers, Bank of China has launched some preferential activities for fixed deposits from time to time, such as interest rate hikes, cash rebates, **, etc. Users can pay attention to Bank of China's official **, WeChat*** mobile banking and other channels to keep abreast of the latest preferential information, choose the right time and method to handle time deposit business, and enjoy more discounts and benefits.
Summary
Fixed deposit is a simple and effective way to manage money, which can bring stable income to users, and also has a certain risk prevention effect. Bank of China provides a variety of time deposit products and operation channels, and users can choose the most suitable method for time deposit according to their needs and preferences. This article introduces the operation methods of Bank of China's fixed deposits, including three channels: counter, ATM and online banking, as well as precautions and preferential activities, hoping to help users better manage their finances and achieve wealth appreciation.