Smart deposit of China Bank is a kind of deposit. After signing the smart deposit products of BOC, BOC will provide automatic transfer service for demand deposit account and notice deposit account. For current accounts, investors are required to reasonably set the reserved amount of current accounts according to the use of funds.

When the available balance of the current account is insufficient due to the related withdrawal transaction, if the fund gap does not exceed the call deposit balance, BOC will automatically close the call deposit of BOC Zhihui deposit (the balance will be deleted) to meet the payment demand; If investors need to use the notice deposit in BOC Smart Depository, they must withdraw it in full, but not in part.

What is the business scope of China Bank?

The main business scope includes: absorbing RMB deposits; Acting as an agent to issue, honor and underwrite government bonds; Settlement and sale of foreign exchange; Acting for collection and payment; Issuing financial bonds; Engage in interbank lending; Buying and selling government bonds; Issue short-,medium-and long-term loans; Providing letter of credit services and guarantees; Self-operated foreign exchange transactions, etc.