Debit cards are divided into transfer cards, special cards and stored value cards according to different functions. Debit cards cannot be overdrawn. The transfer card has the functions of transfer, cash deposit and withdrawal and consumption. Special card is a special-purpose debit card used in a specific area (except for department stores, restaurants and entertainment industries). It has the functions of transferring money and depositing and withdrawing cash. Stored value card is a prepaid wallet debit card in which the bank transfers funds to the card for storage according to the cardholder's requirements, and directly deducts money from the card during the transaction. The process of applying for a credit card and a debit card is different. When applying for a credit card, you need to bring your valid certificate (ID card or ID card copy or household registration book or household registration book copy), residence certificate, unit income certificate or personal assets certificate and other materials, and go through the relevant formalities at the bank counter. You need to fill out an application form, in which the information requested is true. After filling out the application form, you should go to the head office of the bank for the record. It will take about 20 working days to issue cards to customers after the head office of the bank examines the application materials. Credit cards are only available to customers aged 18 or above. Minors are not allowed to apply for credit cards.
Handling debit cards is relatively simple. You only need to bring your valid certificate (ID card or household registration book) and fill in the application form at the bank where you open the account, and you can issue the card to the applicant. There is no age limit for applying for a debit card, and minors can also apply. When a customer under the age of 16 applies for a debit card, the guardian shall go to the counter of the bank branch with the household registration book (if it is not on the same household registration book, relevant certificates shall be provided), and the person to be handled may not be present; Minors who have reached the age of 16 but under the age of 18, who have joined the work, can apply for debit cards at the bank counter by themselves with their work certificates and ID cards. If you don't take part in the work, you still need the assistance of your guardian, and the person being treated may not be present; Managers who have reached the age of 18 can apply for debit cards directly at the counter of bank outlets or at the all-in-one card self-service card machine with their ID cards, and can collect them immediately. According to national regulations, debit cards handled by minors do not have online banking function and cannot be bound with mobile payment software.
legal ground
People's Republic of China (PRC) Commercial Bank Law
Article 3 A commercial bank may engage in some or all of the following businesses:
(1) Absorbing public deposits;
(2) Short-term, medium-term and long-term loans;
(3) Handling domestic and international settlement;
(4) Handling bill acceptance and discount;
(5) Issuing financial bonds.
(6) Acting as an agent to issue, honor and underwrite government bonds;
(7) buying and selling government bonds and financial bonds;
(eight) engaged in interbank lending;
(9) Acting as an agent for buying and selling foreign exchange;
(ten) engaged in bank card business;
(eleven) to provide letter of credit services and guarantees;
(12) Agency payment and insurance agency business;
(thirteen) to provide safe deposit box services;
(14) Other businesses approved by the State Council Banking Regulatory Authority. The business scope shall be stipulated in the articles of association of the commercial bank and reported to the the State Council Banking Regulatory Authority for approval. With the approval of the People's Bank of China, commercial banks can engage in foreign exchange settlement and sale business. Article 50 A commercial bank shall charge a handling fee in accordance with regulations when handling business and providing services. The charging items and standards shall be formulated by the the State Council Banking Regulatory Authority and the People's Bank of China according to the division of responsibilities, respectively, in conjunction with the competent pricing department of the State Council.