The main function of a savings card is to save deposits. Cardholders can read and manually enter passwords through the electronic payment network established by the bank and the magnetic stripe of the card, so as to realize the functions of credit card consumption, ATM withdrawal, transfer and various payments. The expenses incurred through the card are equal to the decrease in the balance of the savings account. If the account balance is zero, the payment function of the card will also be reduced to zero. The application for a savings card is very simple, and you can get it right away without bank approval.
Savings card fees mainly include annual fee, small account management fee, loss reporting fee, new card cost, cash withdrawal fee (including local interbank, remote bank, remote bank, overseas ATM, Hong Kong and Macao), transfer fee (including remote bank, remote bank, local interbank and overseas wire transfer) and online banking transfer fee (including remote bank, remote bank, local interbank and overseas remittance).
The specific charging standards vary from bank to bank:
Industrial and Commercial Bank of China: the card swiping fee is 5 yuan, and the annual fee is 10 yuan/year, which is lower than the small account management fee charged by 3 yuan, 300 yuan/quarter, and the bank in the same city withdraws 2 yuan/transaction;
Agricultural Bank of China: the credit card processing fee is 5 yuan, the annual fee is 10 yuan/year, which is lower than that of 3 yuan/quarter. 300 yuan's small account management fee is charged, and the bank in the same city withdraws 2 yuan/transaction;
China Construction Bank: the credit card processing fee is 5 yuan, and the annual fee is 10 yuan/year, which is lower than the small account management fee charged by 3 yuan, 500 yuan;
Bank of China: the credit card processing fee is 5 yuan, the annual fee is 10 yuan/year, and the small account management fee is not charged, and the same city withdraws money in 4 yuan/pen;
Bank of Communications: the credit card processing fee is 5 yuan, and the annual fee is 10 yuan/year, which is lower than the small account management fee in 3 yuan, 500 yuan/quarter, and the interbank withdrawal in the same city is 2 yuan/pen;
Postal savings: it is free to apply for a card, and banks in the same city withdraw 2 yuan/pen. Most provinces and cities do not charge annual fees and small account management fees;
China Minsheng Bank: card handling is free, no annual fee, no small account management fee (except Shenzhen), and the first three withdrawals in the same city are free every month, and then 2 yuan/pen;
Everbright Bank: It is free to apply for a card, no annual fee, no small account management fee, and the first three withdrawals in the same city every month are free, and then 2 yuan/pen;
China CITIC Bank: Card handling is free, with no annual fee and small account management fee. The first two withdrawals in the same city are free every month, and then 2 yuan/transaction;