Interest transaction is the handling fee for cash withdrawal. The interest rate of all bank cards is 0.5%. That is, the interest rate for 10,000 yuan per day is 5 yuan.
The details of general bank credit card cash withdrawal fees are as follows.
(1) Cash withdrawal at domestic bank counters or ATM equipment: a handling fee of 0.5% of the cash withdrawal amount, with a minimum of RMB 1 per transaction;
(2) At other domestic bank counters or Cash withdrawals from ATM equipment: a handling fee of 1% of the cash withdrawal amount, with a minimum of RMB 1 for each transaction;
Interest is the fee for using currency within a certain period of time, which refers to the money holder (creditor) pays for lending Remuneration received from a borrower (debtor) for money or monetary capital. Including interest on deposits, loans and various bonds. Under capitalism, the source of interest is the surplus value created by wage workers. The essence of interest is a special transformation form of surplus value and is a part of profit.
1. Money other than principal received from deposits and loans (different from ‘principal’).
2. Interest (interest), in abstract terms, refers to the value-added amount brought about when monetary funds are injected into and returned to the real economic sector. To put it less abstractly, interest generally refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for the use of borrowed currency or capital. Also called sub-gold, the symmetry of the parent fund (principal). The formula for calculating interest is: Interest = Principal × Interest Rate × Deposit Term (that is, time).
Interest is the remuneration received by the owner of the funds for lending the funds. It comes from a part of the profit generated by the producer using the funds to perform operational functions. It refers to the value-added amount brought about when monetary funds are injected into and returned to the real economic sector. The calculation formula is: interest = principal × interest rate × deposit period × 100%
3. Classification of bank interest
According to the different nature of banking business, it can be divided into two types: bank interest receivable and bank interest payable.
Interest receivable refers to the remuneration a bank receives from borrowers when it lends funds to borrowers; it is the price borrowers must pay for using funds; it is also part of the bank's profits.
Interest payable refers to the remuneration paid to depositors by a bank for absorbing deposits from depositors; it is the price that a bank must pay to absorb deposits and is also part of the bank's costs.
The amount of interest depends on three factors: principal, deposit period and interest rate level.
The calculation formula of interest is: interest = principal × interest rate × deposit period