Overdrawing credit cards can alleviate the urgent need, but some people maliciously overdraw credit cards, thus breaking the law. Recently, Gao Liang made a judicial explanation on the determination of malicious overdraft, and credit card malicious overdraft will be investigated for criminal responsibility in the future.
Please read the report in The China Journal:
Credit card users may have to pay for the following items
malicious overdraft
Three months after the second notice from the bank arrived, someone deliberately overdrawn and delayed payment.
In the future, credit card users will be charged with malicious overdraft, defined as intentional overdraft, which has not been repaid after three months of two bank reminders.
Malicious overdraft in this article
It means malicious overdraft. In the future, execute
credit card fraud
Fraudsters (credit card fraud) will be punished by law, and severe cases will be sentenced to life imprisonment. If the cardholder voluntarily returns the overdraft, the court will consider a lighter punishment. In addition, illegal cashing will also be severely punished.
When issuing a credit card, the issuing bank will examine the applicant.
(overdraft limit). Debit cards (debit cards) do not have overdraft function. Merchants will handle discount cards for some customers to encourage consumption.