A private account is an account opened by a user in a bank, and basic account is a savings card of a bank settlement account established under the common name of personal identification. Bank settlement accounts set up in banks and other financial institutions include the management of personal bank accounts, and users can use this card to make remittances, pay utilities, telephone bills, etc. In addition to public projects, private accounts have the means of credit payment. According to the relevant provisions of the Measures for the Administration of RMB Accounts, banks can require applicants to show their household registration books, driver's licenses and other documents in addition to their ID cards. The opening of personal accounts is managed by real-name system, which is also convenient for financial institutions to better supervise users' transactions, safeguard the legitimate rights and interests of deposit accounts, and effectively resist illegal acts such as debt evasion, corruption and money laundering. That's what private accounts mean.

Brief introduction of bank account

Bank account refers to the savings account, loan account and current account set up by users in the bank. To open a bank account in China, users must open it in a financial institution in accordance with relevant regulations. There are also a set of corresponding regulations on the places where state administrative organs, troops, colleges and institutions open accounts in banks. According to different application fields, bank accounts can be divided into three categories: basic deposit account, special account and auxiliary account. This paper mainly writes the meaning of private account and related knowledge points, and the content is for reference only.