1. ABC's transfer business refers to automatic transfer business, including automatic transfer of principal, one-time deposit and withdrawal, and automatic transfer of principal and interest. Automatic transfer of principal means that the user's time deposit in the bank expires and the original deposit is converted into a new time deposit according to the original deposit period.
2. "One-time deposit, one-time withdrawal and transfer" refers to the time deposit of one-time deposit and one-time withdrawal of local and foreign currency individuals. After maturity, the after-tax interest will be included in the principal, and it will be converted into personal one-time deposit in local and foreign currency and one-time withdrawal time deposit according to the deposit period agreed by the user.
3. Automatic transfer of principal and interest means that after the time deposit of the bank expires, the interest of the current deposit is included in the principal, and then it is automatically transferred according to the original deposit term.
1. deposit interest rate is the interest rate form generated after handling demand deposit business. Generally speaking, the interest rate of demand deposits is lower than that of time deposits in the same period. Interest rates mainly come from banks.
2. Demand deposits have no fixed term and can be withdrawn at any time or by depositors themselves. Generally speaking, their interest rates are lower than those of time deposits for the same period. The deposit interest rate is generally not adjusted with the adjustment of time deposits.
3. Deposit type
Deposits can be classified in many ways. For example, according to the mode of production, it can be divided into original deposits and derivative deposits, according to the term, it can be divided into demand deposits and fixed deposits, and according to different depositors, it can be divided into corporate deposits and personal deposits (taking China as an example). Personal deposits are residents' savings deposits, which are the money that residents have in the bank.
4. Demand deposit
Bank deposits that can be accessed and transferred at any time without prior notice. Its forms include checking account, confirmed check, promissory note, traveler's check and letter of credit. Demand deposits account for the largest part of a country's money supply and are also an important source of funds for commercial banks. Because demand deposits not only have the function of monetary payment and circulation means, but also have strong derivative ability, commercial banks must pay attention to demand deposits at any time. However, due to frequent deposit and withdrawal, complicated procedures and high cost, commercial banks in western countries generally do not pay interest, and sometimes even charge a certain handling fee.