The difference between China Merchants Bank’s first-category card, second-category card and third-category card:

Type I account: savings card (including electronic card, which refers to a card that is temporarily not equipped with a physical certificate), settlement passbook, wealth card Account (new account opening is not accepted) Full-featured account, the debit card we are familiar with

Type II account: All-in-one account (no physical card), savings card (Type II), I financial account (not accepted New account) Mainly used for financial management and limited payment settlement

Type III account: All-in-one account (Type III account, no physical card) supports transfers and all China Merchants Bank One-Stop Account

Warm reminder: The same customer can only open one Category I account (excluding credit card) at China Merchants Bank. If you have already opened a Category I account, you can apply for a Netcom account (non-physical card) or Category II account. The same customer can open a Category I account at China Merchants Bank. The total number of Category I, Category II and Category III households shall not exceed 4.

(Response time: January 1, 2020. For the latest business changes, please refer to the official website of China Merchants Bank.)