When the customer initiates the "salary pot" termination operation, the system will automatically initiate the full redemption of the original contracted fund products. The original contract will be automatically terminated after all the redemption money of the original contracted fund products reaches the bank account.
After the customer initiates the "salary pot" to cancel the contract, the bank will review it within 7 working days and inform the customer of the cancellation result after 7 working days. When the contract is terminated, the funds will be automatically returned to the current savings account.
Extended data:
The relevant requirements of CITIC Bank stipulate that:
1. After regular redemption, customers can still invest in the designated wealth management products. After the new share of this wealth management product is added, the system will automatically redeem it regularly according to the available share of the product currently held.
2. Regular redemption means that after the customer signs a regular redemption agreement with the bank, the system automatically redeems the designated wealth management products according to the parameters set in the agreement. This function greatly facilitates customers to redeem wealth management products frequently.
3. The RMB and foreign exchange wealth management products entrusted by CITIC Wealth Management Bao will be automatically paid at maturity, and the principal will be automatically transferred to the current account/passbook reserved by the customer (principal and income return account).
China CITIC Bank official website-Frequently Asked Questions