Yes.
The requirement for the Shenzhen China Merchants Bank Gold Card to be exempted from monthly account management fees is that the customer's monthly average total assets are more than 50,000 yuan. For example, the customer has a balance of 1.5 million on the 1st of the month, but the customer withdraws all the money on the 2nd, but the customer's average daily deposit (calculated based on 30 days in a month) is: 150/30=50,000, then this Monthly customers will enjoy exemption from account management fees.
Banks adopt standard clauses. Even if there is a clause that clearly states "no charge for the time being", merchants should specifically point it out and remind customers when they apply for a card. Extended information
Conditions for the reduction of management fees for China Merchants Bank Gold Card:
1. Salary payment accounts, starting from July 1, 2011, will be judged based on the payment transactions within six months. Basis;
2. Enterprise annuity card (i.e. golden life card);
3. Personal asset accounts that are being repaid (including housing mortgage loans, automobile consumption loans, comprehensive consumption loans and personal pledge loans, personal business loans, etc.), as long as the all-in-one card is used as a loan repayment account, and no repayment transaction occurs before the loan is settled, the account management fee can be reduced or exempted, including the second debit account.
4. Third-party custodial account (reduction can only be made if the transfer agreement status is normal);
5. Open the "All-in-One Card" gold card with "Easy Consumption" and "Easy Turnover" functions (The agreement status is non-closed, including four states: open, suspended, frozen, and deactivated***);
6. Pension account, subsistence allowance account, medical insurance account, and unemployment insurance account exempt account For management fees, customers need to provide relevant certification materials issued by valid institutions such as government agencies, neighborhood committees, and workplaces.
China Merchants Bank-China Merchants Bank “All-in-One Card” Gold Card