The meaning of bank advance payment
Pre-authorization of a bank refers to the business process that the merchant of the bank obtains the financial commitment of the relevant cardholder from the card issuer, and the cardholder can only conduct a certain proportion of the pre-authorization amount within 30 days. After the cardholder obtains the product or receives the service, the relevant special agency accepts the bill of exchange from the card issuer. In other words, the bank freezes part of the cardholder's funds in advance, and the cardholder can only spend within the prescribed scope. After the date arrives, it is necessary to settle the business with the merchant. This article is mainly about the knowledge points of the meaning of the Agricultural Bank's pre-credit of 300,000 yuan, and the content is for reference only.