In the past, as long as we took the bank card and passbook, we could go to the bank to withdraw money. It was easy to withdraw the amount we wanted, and the bank staff would not ask much, and would assist you with the operation. However, with the vigorous development of my country’s financial market, banks have strengthened the management of deposits and withdrawals of large amounts of cash and adopted a series of reform measures to control them. The “new rules” for withdrawing money are officially confirmed! From March 31st, the deposit and bank in these two places cannot be withdrawn!
In fact, the reason why some people make withdrawals “difficult” is because banks have begun to implement the new regulations of “large cash management”. In order to ensure that funds are available at any time, large deposits and withdrawals need to fill in information such as where the funds are located, otherwise the funds cannot be withdrawn. If the access volume exceeds 100,000, you must fill in this information. Recently, Zhejiang and Shenzhen will launch large-value cash management pilot projects with a tentative period of two years.
The Central Bank’s “Large Cash Management Law” clearly stipulates that in Shenzhen, individuals who have to withdraw more than 200,000 yuan from a bank must make an appointment for registration in advance. In Zhejiang, if you want to withdraw more than RMB 300,000 from your personal bank account, you must make an appointment for registration in advance. At the same time, the starting point for large cash management in public accounts in the two places is 500,000 yuan. If there are no major problems in the pilot process, it will be implemented on a large scale in the future.
Seeing this, some depositors may feel dissatisfied. After all, their savings are obtained through their own legal labor, so why can’t they freely control it? In addition, the central bank and major local banks clearly stipulate that operating companies and merchants must not refuse to accept cash. In other words, the use of cash is not restricted. Why is cash withdrawal so difficult? This is because some illegal transactions in the current society are completed through the circulation of large amounts of funds.
In addition, cash transactions are relatively secretive and confidential, making it difficult for banks to inquire after the fact and obtaining evidence is also very difficult. Therefore, in order to prevent the occurrence of such incidents, the circulation of large amounts of cash must be strictly controlled. So you don’t have to worry about the special impact these new regulations will have on your life. As long as your source and use of funds are formal channels and do not violate relevant laws and regulations, the bank will not deliberately embarrass you.
Reprint indicated source：Spark Global Limited information