1. Transfer flexibility: Wealth Management can only be "redeemed with a safe card"

The funds in Yu'e Bao can be used in real time for online shopping, transfers, credit card repayments, and phone bill recharges , you can also transfer it back to your Alipay account balance or bank card. It can be operated freely on computers and mobile phones. The liquidity of funds is better than bank time deposits, and there is no limit on the time for withdrawal. Generally speaking, funds below 50,000 yuan can be transferred within 2 hours. For funds above 50,000 yuan, it is recommended to transfer it to Alipay first, and then withdraw it to the bank card. The amount exceeding the limit can only be transferred directly to the bank. Card, if you choose to arrive in 2 hours, an expedited fee of 0.2% will be charged.

Wealth Management can only be transferred to one bank card, and "only secure cards can be used for purchase and redemption." The bank card used for the first purchase of Wealth Management will be used as the Wealth Management Security Card, and funds can only be purchased and redeemed using this card. The single redemption limit is 50,000 yuan, which can be redeemed 5 times a day, and the monthly redemption limit is 1 million yuan. Judging from the arrival time, WeChat Financial Management supports 11 banks such as ICBC, Agricultural Bank of China, and China Construction Bank to receive accounts within 2 hours, and other banks within 1 to 3 days.

2. Convenience of use: Yu’e Bao has fewer restrictions

Yu’e Bao claims to be “open immediately” on both computers and mobile phones, but when opening Yu’e Bao, regardless of whether Whether on the computer or mobile phone, I encountered the requirement of “uploading an ID card photo to verify identity”, and it took two days for review. Judging from the transfer amount, you can transfer at least 1 yuan into Yu’E Bao. From the perspective of the maximum limit, each bank has a daily limit for Alipay's "Quick Payment" transfer function, such as 20,000 yuan for Bank of Communications, 20,000 yuan for Everbright, 2,000 yuan for ICBC, etc. If you need to transfer more, you can use online banking on your computer to recharge Alipay and then transfer it to Yu'e Bao. For example, the daily limit for using ICBC U-Shield is 2 million, but Yu'e Bao currently requires that the total holding after transfer does not exceed 1 million yuan.

3. Yield: The ideal income of Wealth Management Link is higher

Judging from the rate of return announced by Wealth Management Link, it can "make assets appreciate faster, and the return rate can reach 16 times." The lineup of Wealth Management Connect is luxurious. The first batch of partners includes four fund companies: Huaxia, E Fund, GF, and China Universal. The annualized return rate on February 16 was 6.5430%, surpassing Yu'e Bao.

4. The biggest difference: Yu’E Bao’s funds can be freely converted with Alipay, while Wealth Management Bao can only be transferred in and out with bank cards.

Extended information:

Both have the same disadvantages:

High safety and risk

1. From the perspective of safety and security , Wealth Management and Yu'e Bao both provide "fund protection services". Yu'e Bao claims to "compensate in full for theft of funds", while Wealth Management is fully insured by PICC. However, Yu’e Bao’s “Agreement” clearly stipulates: “If accounts, passwords and other information are fraudulently used, misappropriated or illegally used for reasons not caused by the Company, all risks, liabilities, losses, expenses, etc. arising therefrom shall be borne by the investors. It’s your own responsibility.” Wealth Management is also called “PICC Fully Insured”.

2. Yu’e Bao can be used directly for consumption and shopping, but Wealth Management cannot. The "Agreement" of Wealth Management also stipulates that it is not exempt from liability if it is "damaged by computer viruses, Trojan horses or other malicious programs, hacker attacks, or the computer software, systems, hardware and communication lines of the user or Tenpay Company fail." , making users still feel "unsure". From the perspective of capital returns, the law stipulates that monetary funds are not allowed to guarantee "certain profits." In the long run, the high returns of Yu'e Bao and Wealth Management are only a phased phenomenon. As monetary funds, the risks of Yu'ebao, Wealth Management, etc. are directly related to the macroeconomic operating situation. When the economic situation is bad, the risks naturally increase.

Reference materials: Yu’ebao_Baidu Encyclopedia? WeChat Financial Management_Baidu Encyclopedia