ETC charges include credit cards and stored-value cards. The owner of ETC does not need to recharge the ETC card, because ETC is bound with a credit card, and it will be charged after passing. If the credit card deposit is insufficient, the system will automatically deduct it from the credit limit. The owner remembers to repay the loan in time, otherwise it will leave a bad credit record. The main function of stored value card is basic transfer, but it does not have overdraft function. Just like a mobile phone calling card, you can make a phone call only if you have money. Stored value cards can only be passed if there is money in the card. Car owners need to recharge their stored-value cards in time, so as not to delay time and affect their mood on the expressway.
When ETC is on the expressway, in most cases, the bank discount will basically be around 9.5 fold. Moreover, this preferential discount is unified throughout the country. However, in order to compete for ETC customers, banks will offer their own preferential discounts after the first transaction or for a period of time after the transaction, and sometimes even have an ultra-low discount price of 50%.
Introduction to ETC
ETC, Chinese translation is electronic toll collection, which is an automatic toll collection for highways or bridges. It is one of the service functions of intelligent transportation system, especially suitable for highways or bridges and tunnels with heavy traffic. There is a special ETC toll collection channel at the expressway toll collection office. As long as the owner installs an induction card on the front windshield of the vehicle and pre-stores the fees, there is no need to pay or stop manually when passing through the toll booth, and the high-speed toll will be automatically deducted from the card, which can realize automatic charging.
This charging system charges less than two seconds for each car, and the capacity of the charging channel is 5 to 10 times that of the manual charging channel. The use of automatic electronic toll collection system can make expressway toll collection move towards paperless and cashless management, fundamentally put an end to the loss of toll tickets and solve the financial management confusion in expressway toll collection. In addition, the implementation of fully automatic electronic toll collection system can also save capital construction costs and management costs.