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What does inter-bank repayment mean?

Inter-bank repayment refers to the repayment of credit cards or loans between different banks. If your credit card or loan account is opened in Bank A, and you also have deposits in Bank B and use the online banking function, then you can transfer money to the credit card or loan account in Bank A through Bank B's online banking platform. The purpose of inter-bank repayment.

The main convenience of inter-bank repayment is that there is no need to go to the counters of different banks to pay. You only need to have the online banking account number of the relevant bank. At the same time, inter-bank repayment can also help improve the timeliness of credit card or loan repayments and avoid forgetting or delaying repayments due to time and location factors.

When making inter-bank repayments, please note that transfer times and handling fees may vary between different banks. Therefore, when making inter-bank repayments, it is best to understand the relevant transfer rules and fees in advance to avoid delaying repayment or increasing unnecessary expenses due to unfamiliarity with the rules.