Sino-Singapore Jingwei, February 7th (Wei Wei) Recently, a woman in Huzhou, Zhejiang released a video saying that she went to the bank to deposit 50,000 yuan and was asked to provide proof of income and other materials.

It made her feel like she was interrogating a prisoner, which was uncomfortable.

  This topic also immediately aroused onlookers and heated discussions among netizens.

Do I need to provide proof of income to save money?

How should banks strike a balance between facilitating customers and preventing and curbing illegal and criminal activities such as money laundering?

Actual measurement: Different regions and different banks have different standards

  The woman said in the video that the teller asked her where she worked, where the money came from, and proof of income.

So, she directly took out 100 yuan and deposited 49,900 yuan. It was done in a few minutes, and the bank also sent a barrel of oil.

"This should be caused by the poor communication between the depositor and the bank teller. There may be a misunderstanding. The

bank teller may have to prove your income, but there is no need to provide a paper income certificate. In practice, even a deposit of 300,000 yuan is not enough. There is almost no such situation.” Dong Ximiao, the chief researcher of the China Merchants Union, analyzed in an interview with Sino-Singapore Jingwei.

  Is income proof required for a deposit of 50,000 yuan?

On February 7, Sino-Singapore Jingwei consulted the Beijing branch of the six major postal savings banks of the Industrial and Agricultural China Construction and Communications Bank as a customer. The staff all said that they did not need to provide it.

"We don't need proof of income for large deposits. We only ask about the source and purpose of your funds. If you don't have a bank card from our bank, you need to open the card with your ID card. After opening the card, you can deposit the money." A staff member of a Bank of China branch in Beijing said.

  Sino-Singapore Jingwei also consulted China Everbright Bank, a joint-stock bank. According to the staff of a Beijing branch of the bank, there is no need to provide proof of income to save money. You only need to bring your ID card and bank card. If you do not have the bank card of the bank, you need to go to the counter. When opening a card, you may be asked questions such as the purpose of the card.

  It is worth mentioning that different regions and different banks may have different requirements.

According to the Pengpai News consultation with many banks in Huzhou City, some banks said that they need to make a simple explanation, and some banks said that they only need to bring their ID cards, bank cards and cash for deposits.

A staff member of the Agricultural Bank of China said, "It's just that when you deposit money, the system will automatically jump and ask you to choose the source of funds. It didn't say what proof of the source of funds to provide. After you choose the source of funds, it will report to the People's Bank of China ( People's Bank of China).

  There are also banks that say that deposits of more than 300,000 yuan need to fill in a form, which includes name, ID number and source of funds.

The staff of the Industrial and Commercial Bank of China said: "It is enough to bring the ICBC card and ID card. The starting point is 300,000 (you need to fill in the form)."

  The staff of the Bank of Communications said, "No matter how much the amount is, (the source of cash) must be provided." Regarding the phenomenon that different banks have different requirements, the staff of the bank said that the People's Bank of China has issued general requirements before. , but the standards implemented by each bank are different.

  Regarding this topic, some netizens said that they just went (to save money) a few days ago and were asked where they work, and they also asked for a copy of their ID card.

Another netizen said that she was asked when she saved 100,000 yuan last year. The question was not obvious, but she could feel that she was asking you where the money came from, and she was not disgusted when she was asked skillfully.

Customer due diligence aims to curb money laundering and more

  Why are customer deposits being asked about the source of funds?

It is understood that on January 26, 2022, the website of the People's Bank of China announced that the People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission have jointly issued the "Financial Institution Customer Due Diligence and Customer Identity Information and Transaction Records". Preservation Management Measures (hereinafter referred to as the Measures), which will come into force on March 1, 2022.

  Article 1 of the Measures states that in order to prevent and curb money laundering and terrorist financing activities, standardize financial institutions’ customer due diligence, customer identity information and transaction record storage, and maintain national security and financial order, this regulation is formulated in accordance with relevant laws and administrative regulations. Method.

  The measures clarify that financial institutions such as commercial banks, rural cooperative banks, rural credit cooperatives, village banks, etc.

, shall identify and verify the identity of the customer if they handle a single cash deposit and withdrawal business of RMB 50,000 or more or a foreign currency equivalent of more than 10,000 US dollars for a natural person customer

, understand and register the source or use of funds.

  After the release of the method has also sparked heated discussions.


, on February 21, 2022, the People's Bank of China issued an announcement stating that the implementation of the measures was suspended due to "technical reasons

. "

Relevant business shall be handled according to the original regulations.

  Wang Linggang, a senior lawyer at Fangda Law Firm and an internationally certified anti-money laundering expert (CAMS), told Sino-Singapore Jingwei that Article 10 of the Measures requires financial institutions to identify customers when handling a single cash deposit or withdrawal of RMB 50,000 or more. Identity, "knowing and registering" the source or use of funds.

Since the measures have not yet come into force, there is a lot of controversy about what is meant by "understanding", and the central bank has not yet made a further explanation.

The active compliance awareness of banks is worthy of recognition, but it is likely to cause confusion for depositors. It is recommended to wait for the formal implementation of the measures.

  In addition, according to the "Notice on Launching Large-Amount Cash Management Pilot Project" (hereinafter referred to as the "Notice") issued by the People's Bank of China, since July 2020, large-value cash management will be carried out in Hebei Province, Zhejiang Province and Shenzhen City. The trial period is 2 years.

  According to the notice, the starting point for the management amount of public accounts is 500,000 yuan, and the starting point for private account management is different in the three places. Hebei Province is 100,000 yuan, Zhejiang Province is 300,000 yuan, and Shenzhen is 200,000 yuan.

In the pilot areas, if customers withdraw and deposit cash above the threshold amount, they should register when handling business.

  A staff member of a branch of a state-owned bank in Hebei Province said in an interview with Sino-Singapore Jingwei that it is not necessary to provide a source of income for a general deposit of 50,000 yuan. If it is greater than 100,000 yuan, the customer will be asked about the source of funds.

This is the People's Bank of China's regulations on the management of large amounts of cash. Some areas are pilots, and the standards in each area are different.

  Dong Ximiao said that according to the relevant regulations of the People's Bank of China on anti-money laundering,

banks must conduct certain due diligence on deposits and withdrawals of large amounts of cash. This is the responsibility of the bank and a clear requirement of the financial management department.

For large cash deposits, the customer may be asked about the source of funds, and for large cash withdrawals, the whereabouts of funds may be asked.

The general operation is to inquire at the counter. Very few places may require you to fill in a form for particularly large deposits and withdrawals. Conducting customer due diligence generally will not cause trouble to depositors and will not affect the convenience of handling business.

  Fu Jian, director of Henan Zejin Law Firm, told Sino-Singapore Jingwei that according to the current relevant laws and regulations, when customers handle large deposits in financial institutions, they need to explain the legality of the source of funds.

However, the implementation standards of banks in various regions are different at present. Customers only need to fulfill the relevant registration obligations under the premise of legal compliance, and they can access freely.

However, if the deposit is illegal income, access will also be restricted.

Industry: It is best to unify standards among banks

  "From a statistical point of view,

the number of cash deposits and withdrawals exceeding RMB 50,000 in China currently accounts for only about 2% of all cash deposits and withdrawals. The provisions of Article 10 of the Measures generally have little impact on customers' cash transactions.

"The person in charge of the relevant departments of the People's Bank of China pointed out when interpreting the provisions of Article 10 of the Measures on personal cash deposits and withdrawals.

  According to the person in charge, under normal circumstances, financial institutions do not require customers to fill in information or provide proof materials.

Financial institutions can directly handle cash deposits and withdrawals for customers and register relevant information after simple inquiries. Only when there are reasonable grounds to suspect that the transaction is involved in illegal and criminal activities such as money laundering, will the customer be further informed.

  The well-known commentator Shi Shusi commented on the incident, saying that compared with western developed countries, the amount of domestic cash transactions is huge, which has become a hotbed for inducing various financial violations, especially when the technology and services of online transactions are becoming more and more perfect. The regulation of cash circulation transactions is the trend of the times.

  Shi Shusi believes that if there is no conclusive evidence and lack of legal authorization for depositors to deposit 50,000 yuan, bank staff, as service providers, should not review every customer, not to mention wasting depositors' time, and put the cart before the horse.

In order to reduce the number of cash transactions in society, more efforts should be made in technological upgrading, market circulation, and large-scale consumption.

  How to strike a balance between convenience for customers and prevention and containment of illegal and criminal activities such as money laundering?

Dong Ximiao said that

banks should strengthen the training of employees, improve employees' awareness and ability to standardize services, and the best standards among different banks in the same region can also be unified. Don't ask one bank for 50,000 yuan and ask another bank for 300,000 yuan.

  At the same time, Dong Ximiao pointed out that for different depositors and different scenarios, banks will conduct different due diligence.

He appealed to understand and cooperate with the bank's due diligence on customers. In terms of large-value cash deposits and withdrawals, some necessary inquiries should be supported by customers. This is not only the need for implementing anti-money laundering work, but also helps to ensure the safety of customers' funds.

(Sino-Singapore Jingwei APP)

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Editor in charge: Li Zhongyuan