Automatic Deduction Rules for Personal Commercial Loans of Bank of China:
Personal loans of China Bank are automatically deducted twice a day. On the morning of the repayment day, the loan account will be automatically debited once before the business starts, and the second automatic deduction will be made after the business ends on the same day (normally, automatic deduction will be started every night 18, so it is recommended that you deposit enough funds in advance to avoid overdue), and the loan account will be repaid according to the principle of "as much as you can deduct" (in case of deduction as usual on Saturday, Sunday and legal holidays, no). If the agreed repayment date is 3 1, etc. Other special months without this date will be deducted on the last day of the month.
If your loans overdue does not affect the automatic deduction method of the system, it is still twice a day. When you are overdue, the system will execute the deduction mode. If you don't pay back, the system will automatically deduct money from your account every day.
Except for loans entrusted by BOC (for example, the Housing Provident Fund Management Center entrusts us to deduct housing provident fund loans), the above deduction method is applicable to all kinds of personal loans of BOC.
The above contents are for your reference. Please refer to the actual business regulations.
The bank card password is locked. Can I repay the loan automatically?
The bank card password is locked, which does not affect the loan repayment. Because the general borrower will sign an automatic deduction agreement with the bank when applying for a loan, even if the bank card used for repayment is locked, it will not affect the bank's automatic deduction and repayment from this card.
Moreover, even if the bank card is locked, it can be deposited and transferred into cash. Because the bank card password lock only limits the expenditure function of the bank card, the transfer/deposit function is not limited. Therefore, the borrower does not need to worry about the failure of deduction and repayment due to insufficient bank card balance.
Moreover, after the bank card password is locked, it can also be unlocked, as long as the password reset business is handled. The bank card can still be used normally at that time.
Extended data
In one day, no matter what channel, the bank card entered the wrong password three times in a row, resulting in the password being locked. After locking, money can be transferred in, but it can't be taken out. If you know the password, you can take your card and ID card to the bank to unlock the password.
If you forget your password, you can go to the bank to report the loss and reset your password with your card and ID card. Passwords can be unlocked and reset in all parts of the country, and then they can be unlocked or reset without handling fees.
Some bank cards are temporarily locked and automatically unlocked, usually the next day or 24 hours later; Some bank cards will not be unlocked automatically, so you need to take your ID card and bank card to the bank outlet to unlock them.