The convenience of MYbank's suspension of Alipay cash withdrawal payment business will not be affected

　　MYbank suspends Alipay withdrawals——

　　The convenience of payment business is not affected

　　Our reporter Chen Guojing

　　Recently, an announcement from MYbank has attracted widespread attention.

According to the announcement, starting from April 21, 2022, MYbank will gradually suspend the business related to Alipay balance withdrawal or transfer to MYbank Type II accounts, and MYbank Type II accounts only support the transfer of personal bound bank accounts.

According to MYbank's suggestion, if the user has funds and wishes to transfer to MYBank, he can first withdraw the balance of Alipay to his other bank card, and then transfer it to his MYBank account through bank transfer.

　　It is reported that MYbank is one of the first five private banks in China approved by the China Banking and Insurance Regulatory Commission. The adjustment of Alipay's cash withdrawal business is a business adjustment of MYbank, not Alipay's business adjustment, and does not affect Alipay users' withdrawals through other channels. .

"The service of merchants and users to withdraw cash to other banks through Alipay remains unchanged." Alipay customer service said.

　　Why adjust the Alipay cash withdrawal related business at this time?

Wang Pengbo, a senior researcher in the financial industry of Broadcom Consulting, believes that it may be related to the previous financial management department's management requirements for bank Class II accounts.

　　In recent years, in order to implement the real-name system for bank accounts and protect the legitimate rights and interests of depositors, the People's Bank of China has accelerated the construction of a brand-new personal bank account system, established and fully implemented a classified management system for personal bank accounts, and successively issued the "On Improving Personal Bank Account Services and Strengthening Accounts" Management Notice, Notice on Implementing the System of Classified Management of Personal Bank Accounts, Notice on Matters Concerning Improvement of Classified Management of Personal Bank Accounts, etc.

　　In addition, the People's Bank of China stipulates that personal bank accounts are divided into Type I, Type II and Type III bank accounts.

Among them, when opening Type II and Type III accounts, there is no need for individuals to fill in identity information, show ID documents, etc., and only need to bind their own Bank Type I account or credit card account for opening.

Accounts opened by consumers in online merchant banks fall into this category.

　　It is worth noting that in 2018, the Central Bank issued the "Notice on Matters Concerning the Improvement of the Classified Management of Individual Bank Accounts", which clearly stipulates that, except for the withdrawal of recharge funds, payment accounts are not allowed to deposit funds into Type II and Type III accounts.

The relevant person in charge of the People's Bank of China stated when explaining this regulation that the real-name level of payment accounts is relatively low, and the objects of deposit and withdrawal of payment accounts are not limited, such as allowing payment accounts to open online Type II and Type III accounts. Arbitrary transfer of funds in and out is not conducive to the implementation of the real-name account system, and is not conducive to protecting the security of funds bound to Type I accounts and Type II and Type III accounts.

　　Therefore, in the opinion of industry experts, the business adjustment of MYbank is to isolate capital risks and protect the security of account information.

　　"This adjustment will not affect the convenience of payment business." Wang Pengbo said that the central bank has been actively guiding individuals to use more Type II and Type III accounts when using online mobile payment services.

Type II and Type III accounts can handle daily consumption, payment of public utility fees, and recharge of payment accounts.

Individuals can also bind Type II and Type III accounts to payment accounts, and handle payment account recharge or fast payment services to meet small and high-frequency payment needs and ensure the safety of personal funds.