Bank Account And Its Management Principles

There is a prerequisite for the transfer of accounts through banks, that is, an account must be opened to the bank. Bank accounts are the accounts opened by banks for settling accounts and applying for loans. They are also tools for entrusting banks to handle credit and transfer accounts and cash receipts and payments. They have the function of monitoring and reflecting the activities of departments and units of the national economy.

Bank accounts are divided into basic deposit accounts, general deposit accounts, temporary deposit accounts and special deposit accounts. All these accounts have different settings and conditions for opening accounts.

In accordance with the provisions on the management of bank accounts, the following principles shall be observed in the management of bank accounts:

(1) a basic account principle. That is, depositors can only set up a basic bank. Deposit account You can't open a basic deposit account. A depositor opens a basic deposit account in a bank and implements a permit system for issuing an account by a local branch of the people's Bank of China.

(2) voluntary selection principle. That is, depositors can choose their own banks to open accounts, and banks can also choose depositors to open their accounts voluntarily. No unit or individual may interfere in the opening or use of accounts by depositors and banks.

(3) deposit secrecy Principle 。 That is, banks must protect the depositors' rights in accordance with the law and safeguard the depositors' right of autonomy. Except for the state laws and the supervision items of the people's Bank of China General Office authorized by the State Council, banks do not inquire, freeze or deduct deposits from depositors' accounts on behalf of any unit or individual.

A general deposit account refers to an account opened by a depositor who transfers the bank loan outside the basic deposit account and is not an independent accounting unit at the same place with the depositor of the basic deposit account. Depositors can transfer accounts and cash deposits through this account, but they cannot handle cash withdrawals.

(1) conditions for setting up general deposit accounts and required supporting documents.

According to the bank account Management measures In accordance with the regulations, depositors may apply for opening general deposit accounts in the following circumstances, and provide corresponding supporting documents: (1) the units and individuals who obtain loans from banks other than the basic deposit account may apply for the opening of the account, and shall also issue a loan contract or loan receipt to the opening bank. (2) a subsidiary non independent accounting entity that is not in the same place as the depositor of the basic deposit account may apply for opening the account, and shall also issue a certificate to the depositary bank that the depositor agrees to open an account of the non independent accounting unit attached to the basic deposit account.

(2) procedures for setting up general deposit accounts

If a depositor applies for opening a general deposit account, he shall fill in an application for opening an account, provide corresponding proof documents, and send it to the seal card with the seal of the depositor, and the account can be opened after examination and approval by the bank.

A temporary deposit account refers to an account opened by a depositor due to temporary business activities. The depositor can handle the transfer settlement through this account and cash receipts and payments according to the state's cash management regulations.

(1) the conditions for setting up temporary deposit accounts and the required supporting documents. In accordance with the provisions on the management of bank accounts, the following depositors may apply for opening temporary deposit accounts and provide corresponding supporting documents: (1) the temporary institutions in the foreign countries may apply for opening the account and issue a temporary license issued by the local industrial and commercial administrative organ. (2) units and individuals required by temporary business activities may apply for the opening of the account and issue the approval of the local authorities to agree to establish temporary institutions.

(2) procedures for opening temporary deposit accounts

A depositor who applies for opening a temporary deposit account shall fill in an application for opening an account. He shall provide the corresponding proof document and send it to the seal card with the seal of the depositor, and the account can be opened after examination and approval by the bank.

Special deposit accounts refer to accounts opened by the depository group for specific purposes.

(1) conditions for setting up a special deposit account. According to the provisions on the management of bank accounts, the depositor can open the account by issuing a corresponding certificate to the depositor bank for specific purpose funds. Funds for specific purposes include funds for capital construction, funds for renovation, and funds for other specific purposes, which need special account management.

(2) supporting documents required. The depositor shall issue one of the following documents to the opening bank: (1) the documents approved by the authorized department; and (2) the provisions of the relevant documents of the state.

(3) procedures for the opening of special deposit accounts

In applying for opening a special deposit account, a depositor shall fill in an application for opening an account, provide corresponding proof documents, and send it to the seal card with the seal of the depositor, and open an account after examination and approval by the bank.