The reasons for the failure of deduction are as follows: 1. The balance of the deducted bank card is insufficient, and the user needs to ensure that there is sufficient balance in the bank card; 2. Bank card limit. If the repayment amount is higher than the bank card limit, the withholding will fail; 3. Bank channel delay or other reasons. Finally, I would like to remind you that when making a loan, you must confirm with the relevant bank or lending institution whether it is automatic deduction or not, and whether "automatic repayment" has been successfully set up. It is suggested to reserve a certain amount of money in the repayment bank card, leaving enough room to avoid repayment failure due to insufficient repayment balance.
Extended information:
Bank card refers to a credit payment tool that is approved by commercial banks (including postal financial institutions) and has all or part of the functions of consumer credit, transfer settlement and cash deposit and withdrawal. Bank card reduces the circulation of cash and checks, which makes the banking business break through the limitation of time and space and undergo fundamental changes.
The application of bank card automatic settlement system makes this dream of "no cheque, no cash society" come true. From August 1, 217, the annual bank card management fee was cancelled, and some basic financial service charges of commercial banks were suspended. On April 22nd, 219, China UnionPay released the Report on the Development of Bank Card Industry in China (219). On December 2, 219, the Provisions of the Supreme People's Court on Several Issues Concerning the Trial of Civil Disputes over Bank Cards was adopted at the 1785th meeting of the Judicial Committee of the Supreme People's Court, and will come into force on May 25, 221. The "Regulations" clarify that the people's court supports the cardholder to request the issuing bank to return the principal and interest of the stolen deposit or overdraft, liquidated damages and compensate the losses based on the legal relationship between the debit card and the credit card contract; At the same time, it does not support the issuing bank to ask the credit card holder to repay the overdraft principal and interest, liquidated damages, etc.