1. The handling bank of China Bank shall, within 20 working days from the date of signing the loan contract, transfer the full amount of the borrower's loan for the first academic year to the designated account of the university; For student loans borrowed in the second and subsequent academic years, after the handling bank of China received the list of students borrowed in the current year provided by colleges and universities 1 month, the handling bank of China should transfer the full amount of the loans in the current year to the designated account of colleges and universities.
2. The handling bank of China Bank can learn about the loans issued by colleges and universities and the use of loans by borrowing students.
After May 29, 2022, the borrower's tuition and accommodation fees confirmed by the university shall be paid by entrustment, and the loan funds shall be paid to the designated account of the university by the agency of China Bank; The rest is used for the borrower's daily living expenses, which will be paid directly to the borrower's account by the agency of China Bank.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.