CITIC Bank only accepts but does not pay means that bank card funds can be transferred in but not transferred out. When there is a problem of only receiving but not paying, you can call the bank's customer service hotline to find out what caused it, and then make improvements so that the bank card can be used normally. Reasons for collecting but not paying include account abnormalities, three consecutive incorrect passwords, multiple consecutive loss reports, judicial freezes, etc. Except for judicial freezing, other reasons are very easy to solve. You only need to bring your bank card and ID card to the bank counter to unfreeze. Bank cards used daily are divided into debit cards (deposit cards) and credit cards. Among them, credit cards that only accept payments but do not pay may be caused by overdue payments. Debit cards are divided into first, second and third types of accounts when applying at the bank. The first type of account is a universal account and will not have any restrictions on its use. The second and third types of accounts will have quota limits when used. At the same time, the third type of account has no entity. Cards are generally bound to mobile banking or third-party platforms for use.

1. What does "receive but not pay" mean?

In fact, this is a professional term in the banking industry. It means that a bank card can only transfer funds in, but cannot transfer funds out, because the bank Your bank card has been unilaterally frozen. It's equivalent to your mobile phone number being in arrears. Now I can only answer the phone, not make any calls. The same is true. And the bank cannot freeze your bank card independently. You must have used your CITIC Bank savings card to conduct some risky business operations, and then the relevant departments noticed that they applied to CITIC Bank to freeze your bank card. You may have committed something, and then the relevant law enforcement authorities have frozen your bank card through the bank, preventing the transfer of funds. For example, you may encounter telecom fraud, and then the public security agency discovers it through the Internet and immediately freezes your savings card so that the scammer cannot transfer money from your bank card, which is also to protect the safety of your funds.

2. The reason for only collecting but not paying

Another possibility is that you enter the wrong CITIC Bank savings card password three times in a row, and the bank will automatically freeze your bank card. You can unfreeze yourself after a while, usually after 24 hours. Therefore, there are many reasons why CITIC Bank Debit Card only accepts but does not pay. Netizens need to verify one by one to see what reason they belong to. When you find that your bank card can only receive payments but cannot make payments, you should immediately go to the bank to ask why the bank card has been frozen. After asking for the reason, you can go to the corresponding department and ask them to issue an unfreezing order, and then submit the statement to the bank to unfreeze your bank card.

3. China CITIC Bank

CITIC Bank was formerly known as CITIC Industrial Bank. It was established in 1987 and was renamed to its current name at the end of 2005. CITIC Bank is one of China's national commercial banks, headquartered in Beijing. The major shareholder is CITIC Corporation. Acquired 5 shares of CITIC Bank and increased the shareholding of CITIC Bank to 10.07. On April 27, 2007, CITIC Bank was listed on the Shanghai Stock Exchange. CITIC Bank is the seventh largest bank in mainland China, with total assets of HK$12,000, more than 16,000 employees, and 540 branches. It is the six-line and three-guarantee for financial stocks in Hong Kong, China. On May 9, 2020, the Consumer Rights Protection Bureau of the China Banking Regulatory Commission reported that in March 2020, China CITIC Bank provided personal bank account transaction details to a third party without customer authorization, violating the principle of depositor confidentiality. Our bureau will initiate investigation procedures in accordance with laws and regulations, and investigate and deal with them strictly in accordance with laws and regulations. With the needs of economic development, Mr. Rong Yiren, chairman of China International Trust and Investment Co., Ltd., specially wrote to the central government requesting the establishment of CITIC Bank. CITIC Systems fully operates foreign exchange banking business. With the consent of the State Council and the People's Bank of China, a banking department should first be established to expand the operation of foreign exchange banking business and prepare for the establishment of a bank.