Hello, the funds that users deposit into the small treasury actually purchase a currency fund. New users who deposit into the small treasury purchase the China Life Security-Zengjinbao Currency Fund by default. However, the funds in the small vault can also be used for payment at any time, including purchasing financial products, funds, gold, etc., as well as opening and repaying IOUs.

JD Baitiao

Baidiao is a payment method on JD.com that consumes first and pays later. Its model is similar to Alipay Huabei. However, the usage scenarios of JD Baitiao are different. It is mainly supported on JD.com’s self-operated websites, No. 1 stores and other places.

JD Baitiao is the same as Huabei. Users cannot actively apply. The system determines whether to activate based on the user's creditworthiness.

Opening IOUs in Jingdong’s small treasury depository is a way for users to activate IITs provided by JD.com. Users can get the opportunity to apply for opening IITs by depositing a certain amount of funds into their small treasury account.

The amount of deposited funds must be the same as the amount of the white note, that is, when the amount of the white note is 1,000 yuan, then the amount deposited in the small gold deposit cannot be less than 1,000 yuan.

However, depositing money in the small vault can only give you the opportunity to activate the white note. The final successful activation still needs to wait for system review. This means that when the system determines that the user's credit is not high, even if the small vault has money. It is also impossible to open ITB.

As a new way to activate Baitiao, the ratio of the amount deposited in the small vault to the Baitiao quota is 1:1. Customers need to deposit funds ranging from 100 yuan to 30,000 yuan in the Jingdong small vault through JD Finance. , then you have the opportunity to open I Tiao.

Is it cost-effective to open IOUs in Jingdong's small vault?

The amount deposited in the small vault will be temporarily frozen when you open IOUs. From the perspective of overdraft consumption, it is not feasible to issue IOUs in a small vault. The advantage is not outstanding, because the amount of overdraft means that the amount must be deposited in the small treasury.

However, although the frozen funds cannot be used, it does not affect the expected returns of the monetary fund. Its function is similar to Alipay reserve funds, which can be borrowed in the short term to obtain expected returns from small investments.

What is the significance of opening IOUs in Jingdong’s small vault?

The significance of depositing money into JD’s small vault to open IOUs is that it allows customers to try IOUs first, thereby stimulating consumption. After that, as customers accumulate more good credit, they can be officially upgraded to ordinary IOUs. In addition, you can enjoy certain returns by depositing the locked funds in the small vault.