☆ Introduction
Personal banking settlement account is a RMB demand deposit account opened under the name of natural person with valid identification certificate by personal customers for handling payment, collection and settlement.
Personal banking settlement accounts are divided into Class I banking accounts, Class II banking accounts and Class III banking accounts (hereinafter referred to as Class I accounts, Class II accounts and Class III accounts). Class I accounts are fully functional banking accounts for personal customers, which are widely used in various application scenarios, including deposits, purchasing investment and wealth management products and other financial products, transfer, consumption and bill payment and cash withdrawal. Class II accounts are available for deposits, purchasing investment and wealth management products and other financial products, consumption and bill payment with amount limit, and outward transfer for non-binding accounts with amount limit. After identification through bank counters, self-service equipment and face-to-face identification by staff, Class II accounts are also available for cash withdrawal and inward transfer for non-binding accounts, and can be issued physical bank cards. Class III accounts are available for consumption and bill payment with amount limit, and outward transfer for non-binding accounts with amount limit. After identification through bank counters, self-service equipment and face-to-face identification by staffs, Class III accounts are also available for inward transfer for non-binding accounts.

☆ Features
As the largest domestic commercial bank, the Bank devotes in providing better account management services for all customers with extensive settlement products, outlets spreading all over the country and the-state-of-the-art technological system.
1. Extensive settlement products. The Bank provides customers with extensive personal settlement products and maintains a comprehensive cooperation relationship with various industries. By opening a personal settlement account with the Bank, you can not only process the formalities for transfer and remittance, credit card consumption, online shopping, bill payment and other wealth management businesses at home, as well as various loan and investment businesses.
2. Business outlets spreading all over the country. There are more than 17,000 outlets of the Bank spreading all over the country, providing multiple settlement businesses. Additionally, 112 overseas institutions of the Bank can provide the most convenient cross-border remittance services.
3. Leading e-banking services. There are complete e-banking system including online banking, telephone banking and mobile banking services and the largest number of ATMs in the Bank, providing a solid guarantee for handling various settlement services in a safe, efficient and correct way. The Bank has completed the big data centralization nationwide, ensuring real-time crediting of transfer and remittance and non-local deposits, and providing investment opportunities in stocks, funds, foreign exchange trading and other investment businesses through online banking and telephone banking.

☆ Opening Conditions
Since December 1, 2016, a person can only open one Class I account with the same bank. Basically, the number of Class II accounts and Class III accounts shall not surpass 5.

☆ Opening Process
Customers can open Class I accounts through the bank counters or self-service machines with valid identification certificates. Customers can open Class II and III accounts through bank counters and e-banking.