1. The function of BOC deposit is to provide individual customers with the application for outbound travel deposit and realize the payment of deposit.
2. The deposit paid by China Bank for mortgaged cars is a loan default deposit system established to reduce the loan risk when applying for auto loans.
3. If the loan applicant is not qualified enough, the bank will ask the borrower to pay the deposit, and when the borrower pays off the loan, the deposit will be refunded in full.