Bank of Communications’ SMS reminder function costs money.

BoCom’s text message reminders are divided into two charging methods: 4 yuan/month for various consumption SMS reminders and 3 yuan/month for repayment notification reminders, both of which are deducted once per quarter.

Credit card consumption SMS reminders are banks sending text messages to users through telecom operators. According to relevant regulations, it is reasonable for banks to charge a certain fee. Charging the same SMS reminder fee for different consumption times is a pricing generated by banks based on general statistics.

In recent years, credit card theft has often occurred. Activating SMS notifications for credit card consumption is good for account security. Users can grasp relevant account information in a timely manner and avoid corresponding risks. However, if the user does not activate this service and the bank is at fault for credit card fraud, the bank will also be responsible.

Extended information:

SMS reminder service fees of each bank:

Agricultural Bank of China and ICBC: 2 yuan/month

China Construction Bank and Bank of China: 3 yuan/month

The SMS reminder fee of China Construction Bank is 30 yuan/year, and that of Bank of China is 36 yuan/year.

According to statistics from Yinsu.com, there are currently nine banks that do not charge for SMS reminder services:

Bocom, Everbright, Huaxia, Ping An, China Merchants, Minsheng, Hengfeng, and Zheshang and Bohai Bank;

China Guangfa Bank’s SMS reminder service will charge 3 yuan/month starting from the fourth month;

Shanghai Pudong Development Bank will notify all account changes, charging 2 yuan/month. Month;

Industrial Bank’s wealth management card is 1 yuan/month.

Reference material: ifeng.com - Is charging for credit card SMS notifications a trend?