Provisions on Information Processing of Online Verification of Citizenship by Banking Financial Institutions (for Trial Implementation)

Article 4 When banking institutions handle the following RMB businesses, if laws, regulations or departmental rules require verification of relevant individual identity cards, they shall conduct online verification:

(1) Bank account business, including opening and changing personal savings accounts, personal bank settlement accounts and corporate bank settlement accounts.

(2) Payment and settlement business, including bill settlement business, bank card settlement business and remittance business.

These Provisions refer to the banking business that should be inquired online as the prescribed business.

In order to strengthen internal management, banking institutions can also conduct online verification when handling other banking business except the prescribed business.